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.

Markets

Ether, ADA Lead Steep Crypto Slide Amid Dollar Strength

Some analysts said impending monetary tightening could add to a global rout across major asset classes such as equities and crypto.

By Shaurya MalwaSep 7, 2022

GMX tokens are serving as a proxy bet for Arbitrum investors. (Jason Briscoe/Unsplash)

Markets

First Mover Asia: Ethereum's Merge Starts to Hit Gaming Chip Prices

Prices for graphics processing units for personal computers are tumbling ahead of the Ethereum blockchain's upcoming shift, which is already reducing demand for chips from cryptocurrency miners.

By Sam Reynolds, Bradley KeounSep 5, 2022

GPU prices have taken a toll, and it's hitting Nvidia's bottom line. (FritzchensFritz/Creative Commons, modified by CoinDesk)

Markets

First Mover Asia: Bitcoin Holds Tight Below $20K; Blockchain Protocol Cardano Arrives on Robinhood. Who Cares?

Other protocols have far exceeded Cardano for total value locked.

By James Rubin, Sam ReynoldsSep 5, 2022

Tech

Blockchain Cardano’s Vasil Upgrade Confirmed for Sept. 22

The hard fork had initially been scheduled for a June release.

By Nelson WangSep 2, 2022

Cardano at Consensus 2022 in Austin, Texas (Danny Nelson/CoinDesk)

Finance

Cardano Builder IOG Funds $4.5M Blockchain Research Hub at Stanford University

IOG previously donated $500,000 to fund Stanford research into blockchain scalability.

By Ian AllisonAug 29, 2022

Stanford University campus (David Madison/Getty Images)

Finance

Sygnum Bank Expands Staking to Cardano

Cardano's ADA joins Ethereum's ETH, Internet Computer's ICP and Tezos' YTZ in the firm's staking offerings, which are integrated with its banking platform.

By Jamie CrawleyAug 2, 2022

Tech

Cardano's Vasil Upgrade Is Delayed Again for More Testing

The hard fork has been pushed back by at least “a few more weeks” until testing is complete, developers said.

By Shaurya MalwaJul 29, 2022

Time on clock stop by nail delay concept

Videos

MAS Mulls Crypto Limits; Pacquiao’s Pacman NFTs

Singapore’s central bank considers limiting retail participation in crypto. Vauld halts withdrawals, trading, deposits; explores restructuring. CoinLoan reduces withdrawal limit by 99%. Questions arise on how far Three Arrows Capital contagion can spread. Can Cardano pack a punch with Pacquiao NFT collection?

Jul 5, 2022

Videos

Cardano Delays Upgrade; Shib and Doge Make Gains

Valar Ventures-backed Vauld to lay off 30% of staff. Cardano postpones Vasil upgrade, citing bugs and abundance of caution. Dogecoin gains after Musk tweet amid slow market recovery. BTC Markets first crypto firm to receive Australian financial services license. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Jun 22, 2022