Cardano (platform)

Last updated

Cardano
Cardano logo.svg Coin-ada-big.svg
Cardano logoAda coin symbol
Denominations
Symbol
Ticker symbol ADA
Precision10−6
Subunits
11000000Lovelace
Development
Initial releaseSeptember 29, 2017;13 months ago (2017-09-29)
Latest release Cardano SL 1.3.1 / 16 October 2018(36 days ago) (2018-10-16)
Code repository https://github.com/input-output-hk/cardano-sl
Written in Haskell
License MIT
Website www.cardano.org
Ledger
Block explorer cardanoexplorer.com
Supply limit45 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.

    Blockchain distributed data store for digital transactions

    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]

    Cryptocurrency bubble

    Predictions of a collapse of a speculative bubble in cryptocurrencies have been made by numerous experts in economics and financial markets.

    References

    1. 1 2 Downs, Claire. "The cryptocurrency disrupted by science". The Daily Dot. Retrieved October 10, 2018.
    2. "Cardano Reassures on Swiss Assets". finews.com. 2018-11-16. Retrieved 2018-11-21.
    3. Russo, Camilla (20 December 2017). "Bitcoin's Smaller Cousins Are Leading the Crypto Rally". Bloomberg. Retrieved 2018-11-21.