Mapping out the Cardano ecosystem

Oct 7, 2021 | The Block News | 0 comments

mapping-out-the-cardano-ecosystem

Quick Take

  • Cardano is a proof-of-stake blockchain platform with a stated focus of bringing security and sustainability to decentralized financial applications and ecosystems. 
  • The Cardano team is split across three independent Cardano-centric entities, including the Cardano Foundation, IOHK, and Emurgo.
  • Cardano was funded by the ICO (initial coin offering) of its native ADA token, with a debuted market cap of $600 million which now exceeds $69 billion.
  • Before the Alonzo hard fork, the Cardano Blockchain was limited in ability but now offers smart contract capabilities and support on its platform
  • Users and developers can now deploy smart contracts on the Cardano Blockchain, which self execute upon meeting the contract’s predefined conditions, thereby gaining the ability to run dapps.

 

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