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

Market Wrap: Bitcoin Slips Below $48K as Focus Shifts to Regulation

Bitcoin is in pullback mode as China and the SEC have traders’ attention.

By Damanick Dantes, Bradley KeounAug 31, 2021

Bitcoin 24-hour price chart, CoinDesk 20

Markets

Market Wrap: Bitcoin Consolidates as Altcoin Season Heats Up

Bitcoin’s rally is taking a breather as altcoins outperform.

By Damanick Dantes, Bradley KeounAug 30, 2021

Markets

Investors Add to Altcoin Funds as Bitcoin Outflows Mount

Digital-asset funds focused on Cardano and other altcoins have attracted fresh capital.

By Damanick DantesAug 30, 2021

Chart shows total AUM and net new assets of crypto funds.

Source: CoinShares

Markets

Market Wrap: Bitcoin and Stocks Rise on Dovish Fed

Bitcoin returns above $48,000 as risk rally continues.

By Damanick Dantes, Frances YueAug 27, 2021

Markets

Cardano’s ADA Token Surges as Fresh Buyers Jump In

The coming launch of smart contracts into the network is providing a boost, one research firm said.

By Lyllah LedesmaAug 27, 2021

Chart of addresses holding Cardano's ADA token for less than a month suggests fresh buying interest. (IntoTheBlock)

Videos

Bitcoin Eyes 200-Day Moving Average Support as $2B Options Expiration Nears

Bitcoin is again experiencing moderate price turbulence while heading into the monthly options expiration. CoinDesk's Damanick Dantes discusses his assessment and outlook for bitcoin as the cryptocurrency has reversed Wednesday’s gains and exposed the widely tracked 200-day moving average (MA) line located at $46,040. Plus, his take on the explosive growth of altcoins, including Cardano (ADA) and Avalanche platform's AVAX token.

Aug 26, 2021