What is Cardano (ADA)?

  • The cryptocurrency Cardano (ADA) is one of those coins that suddenly appeared in the sand, surprising investors with its rapid growth (at the end of 2017, the coin grew 65 times in three weeks).

    What is Cardano (ADA)?
    Cardano (ADA) is a project that started its history in 2015, although the coin was launched only in 2017. Before presenting their project to the world, the developers studied various cryptocurrencies for a long time, trying to identify their weak points and thinking about how improve technology.

    According to them, Cardano was developed using “scientific philosophy.” Unfortunately, one can only guess what was meant, as there is no detailed explanation at the moment.

    Like most cryptocurrencies, the launch of the ADA coin was preceded by the launch of an ICO. It took place in four stages from September 2015 to January 2017. After the initial coin distribution was completed, the team raised $ 63 million, with approximately 95% of all tokens purchased by Japanese investors. Because of this, the large Cardano coin was unofficially named “Japanese Ethereum.”

    A total of 45 billion tokens were issued. The coins were distributed as follows:

    11.5% — project fund;
    57.6% — to ICO investors;
    30.9% — payment of incentives for the generation of blocks and verification of transactions.neration of blocks and verification of transactions.
    Know More: https://www.blockchainx.tech/crypto-currency-development