Get To Know Cardano (ADA), Scientific Research-Based Cryptocurrency
JAKARTA – Some time ago, the "altseason" or altcoin season was widely discussed. Analysts argue that this time is the rise of alternative cryptocurrencies other than Bitcoin. One of the altcoins, is Cardano (ADA) which has skyrocketed in popularity.
Currently Cardano has a large market capitalization. This places ADA in the top 10 cryptocurrencies. Coingecko data reports Cardano's market capitalization of IDR 687 billion.
Although the market capitalization value is quite high, the price of ADA is still low. This is what attracts crypto investors to invest in Cardano.
When this news was written, the price of Cardano was at the level of Rp. 21,417. Cardano is fifth after Binance (BNB) by market capitalization, according to data from Coingecko.
Launching Nasdaq, the cryptocurrency Cardano was founded by Charles Hoskinson in 2015. Then the ADA token was launched and started trading in 2017. The cryptocurrency is described as a “of the people, for the people” type of currency.
Cardano is an innovative proof-of-stake blockchain network. It is currently being developed into a decentralized application development platform (DApp) with multi-asset ledgers and verifiable smart contracts, as reported by the official website.
Cardano itself was developed using academic research methods. Therefore their development is based on scientific evidence.
Launching InvestingCube, Cardano is supported by IOHK, a blockchain technology company whose vision is to make the world a better place.
Some time ago they have also succeeded in changing the education system in Ethiopia. The result of the government's cooperation with Cardano. On the other hand, IOHK is also rumored to be a liaison with other future crypto projects.
According to information from its official website, IOHK was founded by Charles Hoskinson and Jeremy Wood in 2015. IOHK is one of the leading blockchain infrastructure research and engineering companies in the world.
The company has established a high-security blockchain infrastructure aimed at the public, private and government interests. This is the advantage of the company that underpins the smart contract platform and decentralized, Cardano.
On the official website, Cardano has a development roadmap that is divided into 5 eras, namely Byron, Shelley, Goguen, Basho, and Voltaire. The names of these eras are taken from the names of the great poets and philosophers of the past. While Goguen is taken from the name of a computer expert from the US who was a researcher at IBM and SRI International.
While the use of the name ADA itself is taken from the 19th century mathematician who is known as the first computer expert named Ada Lovelace. She was the daughter of the great English poet, Lord Byron.