Cardano

Cardano (ADA) was founded in 2017 by Charles Hoskinson, co-founder of Ethereum, as a third-generation blockchain platform built on peer-reviewed academic research and formal verification methods. Using the energy-efficient Ouroboros proof-of-stake consensus mechanism, Cardano aims to provide a more sustainable and scientifically rigorous approach to blockchain development than its predecessors.

The Cardano ecosystem centers around its native ADA token, which enables staking rewards for network validators, and a growing collection of decentralized applications following the launch of smart contract functionality through the Alonzo upgrade. The platform emphasizes interoperability, sustainability, and scalability while supporting DeFi protocols, NFT projects, and identity solutions across emerging markets, particularly in Africa through partnerships with governments and educational institutions.

At CoinDesk, we provide comprehensive Cardano news coverage tracking the platform's methodical development approach, major protocol upgrades, and real-world adoption initiatives. Our reporting covers everything from staking developments and DeFi growth to Cardano's unique governance model and expanding partnerships in developing nations.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Tech

Cardano DEX Minswap Sees Volume Jump Driven by SNEK, BANK Meme Coins

Volumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows.

By Shaurya MalwaMay 30, 2023

Tech

Cardano Scaling Node Hydra Head Goes Live on Blockchain's Mainnet

The tool, the first in a planned suite of products, aims to speed up transaction times on Cardano.

By Shaurya MalwaMay 12, 2023

Monad Labs is looking to provide faster EVM processing than Ethereum. (Julian Hochgesang/Unsplash)

Web3

Polygon, Cardano and Solana NFT Sales Rise as Ethereum NFT Sales Slump

While Ethereum remains by far the most popular blockchain for minting NFTs, smaller blockchains have experienced interesting bumps in sales in recent weeks.

By Rosie PerperApr 24, 2023

Pixel Art NFT Collectibles Background. Vector Illustration. NFT Seamless Pattern. (Getty Images)

Markets

Wrapped Bitcoin Token Goes Live on Cardano Testnet

The anetaBTC project aims to attract bitcoin liquidity to the Cardano ecosystem.

By Shaurya MalwaApr 24, 2023

Tech

Cardano Developer IOG Releases Lace Wallet, Boosting ADA Ecosystem

Users can stake ADA tokens directly from Lace to contribute to the security of the Cardano network and receive rewards for their participation.

By Shaurya MalwaApr 11, 2023

Tech

Cardano Gets On-Chain Gaming Boost as Paima Layer 2 Goes Live

Users can connect and play any on-chain game using ADA tokens directly from their wallets.

By Shaurya MalwaApr 4, 2023

Tech

Cardano Users Can Soon Access Ethereum Dapps Directly From ADA Wallets

The move will be enabled after a new feature on Milkomeda, an Ethereum Virtual Machine network, goes live.

By Shaurya MalwaMar 31, 2023

Tech

Cardano Blockchain Releases Update to Enhance Network Communication

The move will ensure network uptime and stability and improve overall resilience, Cardano said.

By Shaurya MalwaMar 17, 2023

Tech

Cardano Upgrade Aims to Improve Cross-Chain Features as On-Chain DeFi Crosses $100M TVL

“This upgrade will bring new cryptographic primitives to Cardano, encouraging greater interoperability and secure cross-chain dapp development with Plutus,” IOG said Wednesday.

By Shaurya MalwaFeb 9, 2023