- Cardano was launched in 2017, two years after initial development began in 2015 by Ethereum co-founder Charles Hoskinson
- In order to fund development, the Cardano project raised $62.2 million in an initial coin offering (ICO) that was completed in January of 2017.
- Cardano is a blockchain platform designed to run for smart contracts and decentralized applications
- The Cardano network is based on a unique Ouroboros Proof-of-Stake consensus mechanism
- IOHK, Cardano Foundation, and Emurgo are the main organizations in the Cardano ecosystem
- The Cardano network consists of the Cardano Settlement Layer (CSL) and the Cardano Computational Layer (CCL)
- Cardano is one of the leading blockchain projects in the industry, boasting a multi-billion dollar market cap and hundreds of apps running on its chain
By ada_coin
