Cardano is a decentralized, third generation blockchain using Proof-of-Stake consensus mechanism and has smart contract functionality to run decentralized applications. Founded by Charles Hoskinson, it is one of the leading networks of its kind that has been developed via peer-reviewed research spanning several years.
ADA is the native token of the Cardano blockchain platform and is among the top cryptocurrencies by market cap. It is one of the most popular digital assets crypto investors include in their portfolios, thanks to its potential for immense real world applications.
Cardano’s vision in the long term is to drive real world applications of blockchain technology, making it more secure, scalable and sustainable to enable a decentralized future. Its team aims to achieve this through careful testing and research before rolling out additional features to the blockchain.
Three key partners are involved in the work on Cardano - IOHK, The Cardano Foundation and EMURGO:
Input Output Hong Kong is a technology company co-founded by Cardano’s creator Hoskinson along with Jeremy Wood. The company is responsible for the technical development of the Cardano blockchain, designing, building and maintaining it.
➢ The Cardano Foundation
The foundation is an independent body that is tasked with overseeing and supervising the adoption of Cardano’s technology via partnerships. It is also responsible for driving engagement within the Cardano community and coordinating with industries to increase awareness of the potential of this decentralized technology.
EMURGO is among the founding members of Cardano and works to develop, aid and incubate applications for the blockchain ecosystem. It also explores commercial use cases for Cardano and brings businesses on board the potential of its blockchain.
You can learn more about Cardano (ADA) at our KuCoin Blog.