Its type of cryptocurrency is called ADA In honor to Ada Lovelaceconsidered the first programmer in history and who developed several concepts that are currently considered visionary, such as the operation of what today it is known as a computer algorithm.
At the same time, Cardano was the name with which the blockchain was baptized in honor of Gerolamo Cardanoone of the most influential mathematicians of the Renaissance and a relevant figure in physics, astronomy, medicine and chemistry, among others.
The Cardano platform was created in 2015 by charles hoskinsonco-founder of ethereuma project that he abandoned due to differences in concept with Vitalik Buterinthe main developer.
when it debuted it raised 600 million dollars and by the end of 2017 it had already raised 10,000 million dollars. At its peak it has reached 33,000 million dollars. Today, with the great general drop in the prices of cryptocurrencies, their numbers are a little more modest.
What makes Cardano different
Various differences can be found between Cardano and Ethereum, one of the main competitors. There are different points where the Hoskinson blockchain tries to offer a different proposal.
- Use the consensus testwhich avoids having to carry out mathematical calculations to maintain the chain and represents great energy savings.
- It is based on a programming language called Haskel that guarantees the investment and greatly facilitates the development of safer and more reliable code.
- The roadmap of Cardano is defined around a series of major milestones: foundation (Byron), decentralization (Shelly), smart contracts (Goguein), scalability (basho) and government (Voltaire).
Cardano peaked in 4 months
Despite the price crash that took Cardano to the $0.40the “whales” reached their maximum value in four months.
The ADA coin, whose value exceeds the $100,000 markrose to 1,085 percent earlier this month, the largest spike since January of this year, following a sustained downward trend for the cryptocurrency.
ADA has a typical and approximate standby time of 121 dayswhich means that platform users keep their assets for more than four months before selling them or sending them to another account or address.
Source: Ambito
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