Cardano is a blockchain network, software, and hardware wallet project developed by the Cardano Foundation. The project aims to redesign the current blockchain system and build a secure smart city. It also aims to provide banking services with a low fee and universal acceptance.



Cardano is a third-generation cryptocurrency with a decentralized governance model and pre-minted ADA cryptocurrency. The Cardano platform is built on top of Ethereum; this allows the user to run Daedalus and ADA transactions on one device. It also allows the user to create smart contracts and decentralized applications on the same platform. The Cardano team has stated that they want their platform to be better than what we have now with regard to speed, security, and cost.

The Cardano project is focused on improving the current architecture of cryptocurrencies. Cardano wants to fix issues that have plagued cryptocurrencies since their inception. These issues include but are not limited to: scalability, safety, privacy, sustainability, andgovernance. The team believes they can design a cryptocurrency that can improve on these concepts while preserving its original ethos- decentralization.

The Cardano team has a long-term vision for its project. They believe we're currently in an era where cryptotechnology is rapidly advancing at an exponential rate. This is similar to how the internet developed at a similar rate in the 1990s before slowing down in the 2000s. They believe this is an opportunity for a new generation of technologies that will reshape how we live, communicate, and transact for years to come.

The Cardano project has a lot of potential if they can successfully implement their concept into reality. The design team is actively working towards fixing current flaws in cryptocurrencies while also having a long-term vision for the industry. Cardano currently runs on Ethereum viaestones; however, they plan to launch their own blockchain soon. If successful, this will be one of the first blockchain platforms to support smart contracts, dApps, and ADA tokenomics within its ecosystem.