After the creation of Bitcoin, many other groups were inspired and wanted their own cryptocurrency to be made. One such crypto, Cardano (ADA), was created in 2015. Since then, Cardano (ADA) became one of the most popular crypto in the market. So now, let's have a look at what Cardano/ADA is and why it is so popular.
What is Cardano?
Cardano is a fully open sourced third generation proof of stake blockchain. Mainly addressing the issues in first generation and second-generation blockchains, mostly Bitcoin and Ethereum 2.0 respectively. This means that it aims to process more transactions that are cheap and quick. This blockchain platform is also the home to ADA, Cardano’s native token, in other words, Cardano is ADA’s blockchain.
Cardano is currently led by co-founder Charles Hoskinson and Cardano was established by a blockchain development company called Input Output Hong Kong (IOHK, we will have a look into IOHK later). Charles Hoskinson is the CEO and founder of IOHK as well as the co-founder of Ethereum (visit our article on Ethereum to learn more about it) and Cardano, two of the world's most popular cryptocurrencies.