Cardano (ADA) price, marketcap, chart, and info - Crypto.co

The development of the cryptocurrency, blockchain ecosystem, and accompanying community network governance protocols has revolutionized how the public thinks about currency and personal finance.

However, while the cryptocurrency revolution in finance is undeniably here, it is undeniably infancy. Many blockchains are grappling with scalability issues, improving ecosystem governance protocols, and perfecting interface technologies with exterior blockchains, among other digital growing pains.

The point is that the cryptocurrency technologies we know today will be vastly different in the decades to come. And the evolution of cryptocurrency technologies may begin with Cardano (ADA).

Cardano is a third-generation, decentralized blockchain ecosystem that was first conceptualized in 2015 by Charles Hoskinson and Jeremy Wood, co-founder, and developer of Ethereum.

Cardano allows users to create signature decentralized platforms, tokens, and smart contracted-protected transactions.

Smart contract facilitations on the Cardano blockchain are designed to solve the scalability issues inherent in first-generation blockchains.

Cardano is the first blockchain platform to exist as a proof-of-concept continuum to evolve and upgrade itself continually. The Cardano blockchain is continually peer-reviewed by mathematicians, computer programmers, scientists, cryptographers, and finance experts.

Cardano is continually being programmed and evolved via open-source coding and the use of the Haskell programming code.

The Cardano blockchain also stands apart due to its revolutionary multi-layer platform architecture. It consists of two layers; the overlaying Cardano Settlement Layer and the Cardano Computational Layer.

The Cardano Settlement Layer is where the ADA token is facilitated for transactions. The Cardano Computational Layer, which is still being scientifically perfected, executes smart contracts.

The developers of Cardano want to create a continually evolving cryptocurrency platform that is secure, scalable, and efficient.
The Three Generations of Cryptocurrencies

The Cardano ADA developers believe that the cryptocurrency has evolved over three generations and that Cardano represents the third generation.

The emergence of basic, transactional decentralized cryptocurrencies represents the first generation.

The advent of smart contracts, progressive ecosystem governance, forking, and other accompanying cryptocurrency technologies represents the second generation.

Cardano ADA, the self-evolving and scientifically peer-reviewed cryptocurrency, represents the third generation vying to improve its predecessors dramatically.