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

Cardano Nears All-Time High as Investors Await Smart Contracts

Expectations are rising for the blockchain to implement smart-contract functionality by next month.

By Frances YueAug 19, 2021

Markets

Market Wrap: Bitcoin Expected to Hold Support Above $45K

Analysts expect bitcoin to remain above its 200-day moving average.

By Damanick Dantes, Frances YueAug 19, 2021

Bitcoin 24-hour price chart, CoinDesk 20

Markets

Bitcoin Little Changed Above $44K Despite Hack of Japan's Liquid Exchange

"We still have support at $44,000 and $42,000, which is the line in the sand for short-term momentum," one investment officer said.

By Sebastian SinclairAug 19, 2021

Markets

Market Wrap: Bitcoin Trades Sideways as Institutional Demand Expected to Rise

Bitcoin and other cryptocurrencies are consolidating near recent highs.

By Damanick Dantes, Frances YueAug 18, 2021

Videos

State of Bitcoin: ‘Calm Before the Storm?’

As bitcoin’s short-squeeze rally takes a breather, the world’s largest cryptocurrency by market cap is stalling ahead of the $50,000 resistance level and remains stuck in a sideways range.

Aug 17, 2021

Markets

Market Wrap: Bitcoin Rally Expected to Pause

Analysts expect traders to take a breather after the crypto's recent rally.

By Damanick Dantes, Frances YueAug 16, 2021

Markets

Cryptocurrency Market Tops $2T for First Time Since May

Bitcoin is joined by ether and cardano, which have surged 11% and 53% in the last seven days respectively.

By Jamie CrawleyAug 16, 2021

Markets

Market Wrap: Ethereum Keeps Burning and Price Is Hot

The largest cryptocurrency by market value was trading close to its highest level in more than two months

By Bradley Keoun, Frances YueAug 13, 2021

Markets

Cardano Jumps on Signals Smart Contracts Coming Next Month

The plan to add smart contracts next month could defy skeptics who have bet that the functionality wouldn't come anytime soon.

By Frances YueAug 13, 2021

Videos

Largest Hack in DeFi History, ADA Hits Two-Month High

Poly Network suffers the largest hack in DeFi history. Small and mid-sized miners suffer in China exodus, and Cardano’s ADA hits a two-month high. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Aug 11, 2021