Cardano (ADA): A Research-Laden History and Roadmap

Summary

Cardano is an open-source blockchain system named after Italian polymath Gerolamo Cardano, which was launched in 2017. Ada Lovelace, an English mathematician, is honored with the Cardano (ADA) coin.

Contents

The Cardano Foundation: Development and Decentralization

The Cardano Foundation is a Swiss not-for-profit organization tasked with keeping the Cardano blockchain safe. Its mission is to encourage innovators and changemakers in the blockchain industry.

EMURGO: Enterprise Adoption and Utilization

The EMURGO team, one of Cardano’s founding entities, is working to make blockchain technology more popular by encouraging governments, businesses, universities, and other organizations to use Cardano’s vast functionality, extensive security, and high transactional throughput.

  • Tamper-proof document verification
  • Internet of Things (IoT)
  • Decentralized finance (DeFi)
  • Anti-counterfeiting solutions for retail
  • Inventory tracking

IOHK: Fundamental Blockchain Research and Engineering

IOHK is a blockchain engineering company that is responsible for meticulously upgrading Cardano’s software and facilitating roadmap goals. It is another founding member of the Cardano ecosystem.

Cardano’s Structure and Consensus Algorithm

The Cardano Settlement Layer (CSL) and the Cardano Computational Layer (CCL) are two layers of Cardano’s structure (CCL).

Cardano’s Programming Languages

Cardano (ADA) was the first blockchain system to be built entirely in Haskell, a functional programming language. Many consider Haskell and comparable functional programming languages to be more precise, formally verifiable, and better suited to applications that demand high assurance.

ADA and Cardano’s Future

Looking ahead, Cardano has identified three core components and missions that are crucial to the long-term success of the company.

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