Trends, Latest News and Updates on CryptoCurrency .

By Steve Huguenin-Elie | YEET MAGAZINE Posted  0435 GMT (1235 HKT) August 30, 2021

Lately, Cardano has ranked #3 of CoinMarketCap. With its value still growing, we assume you might be interested in details regarding the organization and founder of the project.

Cardano is a third generation blockchain intending to build a global distributed ecosystem with private and public institutions. The project is thorously active in developing solutions: Credential verification for education, Product counterfeiting for retail, Supply chain tracking for agriculture, Digital Identity for government, Onboarding (KYC/AML) for finance and Counterfeit medecine for health care.

Cardano was founded in 2018 by Charles Hoskinson, Founder and Chief Executive Officer of Input Output Hong Kong (IOHK). Charles Hoskinson was already famous for co-founding Ethereum alongside Vitalik Buterin. Multiple Ethereum founders chose different ways (we can also cite Web3 Foundation and Polkadot founder, Gavin Wood). The difference of Cardano from Ethereum lies in the social and institutional approach. Both platforms are awaiting important upgrades.

"593513273GS310_TechCrunch_D" by TechCrunch is licensed under CC BY 2.0

Cardano shows great endeavor to create more equal opportunies at the global scale ("bank the unbanked") thanks to advanced technologies issued from decentralization such as the Internet of Things, Artificial Intelligence, etc. The main platform deserving the services accessible from their decentralized ecosystem is named ATALA and features three applications known as Prism, Scan and Trace. ATALA Prism is entirely developed by IOHK whereas the two latter were implemented by EMURGO, a member of Cardano in charge to help small to bigger organizations to launch their decentralized solution on the blockchain ecosystem.

ATALA PRISM features an existing application available on App Store and Play Store

Cardano serves the mission to ignite the positive change the world needs. They have plans in Africa to refrain corruption and to deliver access to finance to most people. As a fact, Charles Hoskinson attests that more inhabitants of the African continent own a smartphone than you find people with a bank account and a birth certificate, whereas it is most common for us. Charles Hoskinson is described as a young globe-trotter in his early 30's (you probably expected him to be older) who wants to bring a positive impact to the world through technology (mostly blockchain and Haskell, but he believes in the potential of any meaningful project trying to make an impact 😉).

Charles Hoskinson, CEO and Founder of Cardano

Of all topics, Charles Hoskinson is proud that Cardano is the most popular blockchain based on scientific peer review. Peer review is the process that allowed the human kind to discover the most innovative solutions before being developed. The company behind the peer review of Cardano is IOHK where Charles Hoskinson takes the sit of the CEO. Every feature developed for Cardano has a paper published and listed on their website.

IOHK and EMURGO are working alongside the Cardano Foundation based in Switzerland led by the recently hired CEO and experimented digital finance consultant, Frederik Gregaard, who considers highly the mission of Cardano project and shows passion for any activity taking place in the forest. Cardano Foundation has the mission to help and support any project willing to develop impactful applications that requires the need of a third generation blockchain for high scalability and decentralization.

Frederik Gregaard (Cardano Foundation)

Every organization of Cardano have deeply contributed to rank #3 of CoinMarketCap, while Etherum is pursuing its migration to the London fork. You may consider switching to Cardano, so that you may take a leap in a positive and impactful ecosystem working alongside institutional actors.

About author  Steve Huguenin-Elie

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