Cardano is a crypto project that was launched in 2015, by a company named Input-Output Hong Kong (IOHK). It’s interesting to mention that the company’s manager is the co-founder of Ethereum! The platform is decentralized, and it uses a proof-of-stake algorithm to validate transactions.
The core idea behind it is to use a custom blockchain protocol (Ouroboros) that will outperform other blockchains, most notably Ethereum. The blockchain uses ADA as its coin.
They raised $63 million during its ICO, and the ADA coin’s all-time high was $1.18. The total supply of ADA coins is 31.63 billion
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