Cardano. Hot or Not? You Decide!
![Cool Cardano Logo.jpg](https://steemitimages.com/DQmZcxK7o2YVNJSNwfzFZCyQ2nfRSqJ3CfrTsRU7khBaLPg/Cool%20Cardano%20Logo.jpg)
Company Details
Name of company: Cardano Foundation
Sector: Platform, Cryptocurrency
Based in: Switzerland
Launch: 29/09/2017
Interesting Facts:
- Charles Hoskinson was a co-founder of Etherium
- All development is open source and is subject to industry wide peer review
- The project is named after the Italian Mathematician Gerolamo Cardano
- Byron, Shelley, Goguen, Basho, Voltaire are the different stages of progress for the Cardano blockchain and are named after philosophers, poets and mathematicians.
- ADA (currency) is named after Lord Byron's daughter Ada Lovelace. A lovelace is the smallest increment of ADA
- Cardano claim to have the only 'provable' Proof of Stake algorithm
Key Team Members
Charles Hoskinson Founder of IOHK and figurehead of the Cardano project
Michael Parsons, CEO of the Cardano Foundation
Statement
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers
Video: Whiteboard tutorial with CH
The Product
"Cardano is being developed in two layers that separate the ledger of account values from the reason why values are moved from one account to the other. This separation enables the smart contracts that are written on the platform to be more flexible. Businesses can take advantage of this separation to tailor the design, privacy, and execution of each contract to more perfectly fit their specific use-cases."
Blockchain Details
Algorithm/Consensus: Ouroboros
Proof Type: Proof of Stake (POS)
Smart Contracts: Yes
Dapps: Yes
In-House Wallet: Yes
Interoperability: Yes
Tx Per Second: 10
The Crypto
Name of Coin: ADA
Cardano sold 26 billion tokens in an initial crowdsale, with an addtional 20% of that total (~5.1 Billion tokens) created and issued to three key entities in the Cardano ecosystem. Additional tokens will be issued by proof-of-stake block production over approximately 24 years, with a capped supply of 45 billion tokens.
Circulation: 25.9 billion
Total Supply: 31.1 billion
Max Supply: 45 billion
Top 10 Listed Exchanges by Volume:
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Social Media Popularity
Twitter: @cardanocom 116k
Twitter: @cardanoStiftung 133k,
YouTube: IOHK 19k
YouTube: Cardano Foundation 3.6k
Cardano Forums, Official 6.7k
Reddit 63k
Facebook 26k
Sources info for 5 minute crypto articles
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This was one of my 5 minute crypto overview series. Links to my other overviews below.
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Thanks for reading.
Gaz
Great read! Exactly what I wanted to find! Thanks for sharing!
Lots of different crypto around. Thanks for info on Cardano.
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