Coin of the Week  – Cardano

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  • October 1, 2020
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1 October 2020.

Cardano has had a tremendous upward trend this week. It is currently trading at $0.104 and is up by 25.93% against the US Dollar over 7 days.

  • Trading volume of Bitwise verified 10 exchanges (last 24hrs): $ 629,683,264.05
  • Active Addresses (7 day average): 9.766

Cardano is an open-source blockchain stemming from peer-reviewed academic research, according to the team.

Cardano sees itself as a “3rd-generation” protocol, that has improved on Bitcoin and Ethereum as the 1st and 2nd generations, respectively.

The blockchain was named after an Italian Renaissance mathematician, Gerolamo Cardano, and its native currency ADA is named after Ada Lovelace, a 19th-century mathematician who is sometimes referenced as the first computer programmer.

Cardano is backed by three entities: IOHK, The Cardano Foundation, and Emurgo.

IOHK is a blockchain research and development company founded by Charles Hoskinson and Jeremy Wood. IOHK has been contracted to work on Cardano from 2015 through 2020.

The Cardano Foundation is a non-profit organization with a focus on the core development and growth of Cardano.

Emurgo is a Japanese venture capital firm.

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