What is Cardano (ADA)? A Peer-Reviewed Third-Generation Blockchain Platform

The Cardano project is widely considered as a ‘third generation’ blockchain platform, building on top of the foundations of Bitcoin’s electronic P2P cash system with its own ‘ADA’ cryptocurrency, as well as Ethereum’s smart contracts and decentralized applications with its own scalable smart contract and dApp platform.

Corporate Composition

Leading the Cardano development front is IOHK, a blockchain engineering company founded by former Ethereum co-creators Charles Hoskinson and Jeremy Wood.

Emurgo, a Japan-based business integration and incubation company, is the venture capital arm of Cardano and is tasked with promoting commercial adoption and helping new tech startups incorporate Cardano’s blockchain technology.

The Cardano Foundation is the project’s non-profit regulatory and compliance body, focused on serving the growing Cardano community and ensuring the project remains adherent to principal standards and international regulations.

ADA Cryptocurrency and Consensus Mechanism

ADA is the nativ…

This article appeared first on Cryptovest

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