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Cardano | |||||
---|---|---|---|---|---|
| |||||
Denominations | |||||
Symbol | ₳ | ||||
Ticker symbol | ADA | ||||
Precision | 10−6 | ||||
Subunits | |||||
1⁄1000000 | Lovelace | ||||
Development | |||||
Initial release | September 29, 2017 | ||||
Latest release | Cardano SL 1.3.1 / 16 October 2018 | ||||
Code repository | https://github.com/input-output-hk/cardano-sl | ||||
Written in | Haskell | ||||
License | MIT | ||||
Website | www | ||||
Ledger | |||||
Block explorer | cardanoexplorer | ||||
Supply limit | 45 billion | ||||
Cardano is a distributed computing platform that runs the blockchain for the Ada cryptocurrency. [1] [ unreliable source? ]
Distributed computing is a field of computer science that studies distributed systems. A distributed system is a system whose components are located on different networked computers, which communicate and coordinate their actions by passing messages to one another. The components interact with one another in order to achieve a common goal. Three significant characteristics of distributed systems are: concurrency of components, lack of a global clock, and independent failure of components. Examples of distributed systems vary from SOA-based systems to massively multiplayer online games to peer-to-peer applications.
A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
Cardano was created by blockchain development firm Input Output Hong Kong (IOHK) and led by Charles Hoskinson, former co-founder of Ethereum. [1]
Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.
Cardano is administered by the Cardano Foundation, based in Switzerland. The foundation is headed by Pascal Schmid. [2]
ADA had a price peak in December 2017, at the peak of the 2017 cryptocurrency bubble. [3]
Predictions of a collapse of a speculative bubble in cryptocurrencies have been made by numerous experts in economics and financial markets.