Cardano was financed through an initial offering of 62 million dollars coins. Subsequently, the currency debuted with a market capitalization of $600 million. As I write this article, ADA’s total capitalization is $49 billion.
Behind Cardano is Charles Hoskinson, former co-founder of Ethereum and BitShares and now head of the team behind Cardano. The roadmap appears to be a generic blockchain, enabling the construction of advanced smart contracts, decentralized apps, sidechains, metadata platforms and multi-party computing.
It may look very similar to other blockchain projects, such as Ethereum, but Cardano has a unique approach. Developed through evidence-based methods and uses traditional academic methods to create the highest level of certainty in its technicality.
If we look at the Cardano community, the Foundation is committed to accelerating adoption and collaborations. The main objective is to create laws and commercial standards but also to guarantee transparency for stakeholders at all levels.
His community is very active. Thanks to a collective vision to build an advanced blockchain and especially because of the staking mechanism. In this way, Cardano blockchain uses the listed assets to maintain the stability and commitment of the network. The more ADA points the better.
If we look at the technology side, IOHK designs, installs and operates the Cardano platform. (IOHK experts in the development of distributed computing and decentralized technology solutions).
If we look at the commercial side, Emurgo, which is also a founding partner, manages the commercial side of Cardano. It manages, finances, creates and incubates business opportunities, while also helping to interact with the blockchain itself.