Cardano (ADA) is a networked computing platform which provides payment services for individual, institutional and governmental financial applications. The Cardano platform aims to merge the privacy needs of individuals with the safety needs of future regulators, and is being constructed in layers to allow for better alterability.

Cardano was launched in September 2017 by Input Output Hong Kong (IOHK). The project is led by CEO Charles Hoskinson who was previously the co-founder of Ethereum and Bitshares. Full completion of the platform’s projected features is still some time away, and regular updates can be found on the CEO’s twitter page.

The ADA coin is the native currency on the Cardano platform and is held in the Daedalus wallet. Cardano uses multi-layer architecture in their platform which allows for easier updates and changes over time. Transactions will operate on a separate layer from smart contracts and decentralized applications, giving Cardano the option to apply updates via soft forks rather than hard forks.

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