What is Cardano cryptocurrency?

Cardano runs on the proof-of-stake Ouroboros consensus protocol and developments are informed by scholarly academic research. The primary cryptocurrency of Cardano is called "ada." Cardano oversight is decentralized and shared by The Cardano Foundation, IOHK, and EMURGO.

What is Cardano’s primary use case?

For now, Cardano’s primary use case is as a cryptocurrency. ADA, its cryptocurrency, is part of Cardano’s settlement layer. Cardano is often to as the “Japanese ethereum” and reports last year indicated that it was being made available in Japan through ATMs and debit cards.

What is the Cardano Foundation?

Meanwhile, an additional 2.1 billion ADA was given to Emurgo, a global blockchain technology company that served as a founding entity of the Cardano protocol. Last but not least, 648 million ADA was given to the not-for-profit Cardano Foundation, which aims to promote the platform and increase levels of adoption.

What is Cardano (Ada)?

Cardano is a blockchain project founded by Charles Hoskinson, co-founder of ethereum, to “provide a more balanced and sustainable ecosystem” for cryptocurrencies. According to its website, ADA is the only coin with a “scientific philosophy and research-driven approach.”