About Cardano

“A smart contract platform which seeks to deliver more advanced features than any protocol previously developed”

Cardano is more than just a cryptocurrency; the team is working hard to build a decentralized, blockchain-powered platform for running autonomous web applications — or smart contracts. Those familiar with Ethereum will see a lot of similarities between the two projects, in that regard.

The Cardano network deals in Ada, which happens to be the project’s marketplace ticker symbol. This currency coin keeps the network alive and provides an incentive for users to contribute computing power to execute smart contracts. One of the project’s main goals is to work closely with regulatory agencies to create a legitimate, private, and secure way to use blockchain technology — which could be applied to the legal, medical, and financial sectors and beyond.

Origins and Team

Cardano was created by development group Input Output Hong Kong (IOHK), with the project led by Ethereum and BitShares co-founder Charles Hoskinson. It was originally released in September 2017 and is managed by the Cardano Foundation.

Check out the Cardano website at https://www.cardano.org/en/home, as well as their Twitter and Reddit pages.

Cardano Price History

We have price action for Cardano as far back as October 3rd, 2017, when it was worth approximately $0.02. The coin began seeing movement in late November, which directly skyrocketed the coin to over $1.30 by January 2018. Since then the coin has been on a downwards trajectory to the current price of $0.14.

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