Cardano is a full opensource decentralized public blockchain and cryptocurrency project that is developing a smart contract platform that seeks to deliver more advanced features than any protocol previously developed. The development team consists of a large global collective of expert engineers and researchers and Cardano is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach.
The steady and continuous development of Cardano combined with the well-thought choices made since the start is one of the unique strengths of ADA (the thicker ‘short name’ for Cardano cryptocurrency) compared to other projects in the crypto space.
Cardano is a project that began in 2015 as an effort to change the way cryptocurrencies are designed and developed. The overall focus beyond a particular set of innovations is to provide a more balanced and sustainable ecosystem that better accounts for the needs of its users as well as other systems seeking integration. It doesn’t take the privacy so seriously as Monero does, but it remains one of the best and secure cryptocurrency at this time.
In the spirit of many opensource projects, Cardano did not begin with a comprehensive roadmap or even an authoritative white paper. Rather it embraced a collection of design principles, engineering best practices, and avenues for exploration.
This uniquely collaborative effort steadily constructed the most precisely engineered cryptocurrency yet, a product that brings together such disciplines as distributed systems, mechanism design, and cryptography. The result is the first cryptocurrency to be based in Haskell (an advanced, purely functional programming language) code, an industrial-strength product that delivers the resilience necessary for mission-critical systems, in this case securing investment.
Completely opensource and patent-free, Cardano was built in a spirit of collaboration. And engineered for efficiency and scalability, the Cardano Ecosystem is developing out into the most complete and most useful cryptocurrency ever constructed. So, if you are interested in cryptocurrency, Cardano is one of those on which to keep an eye open and, perhaps, to focus on.