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

Coinbase Pro Adds Support for Cardano's ADA

Trading will start on March 18 if sufficient supply of ADA is established on the platform.

By Jamie CrawleyMar 16, 2021

Videos

Why Is Cardano's Token Price on a Recent Bull Run?

"The Hash" panel discusses why Cardano’s ADA token tripled in value February and is now the third-largest cryptocurrency by market cap.

Mar 2, 2021

Tech

Cardano Becomes a Multi-Asset Blockchain With Today's Hard Fork

Enabling new tokens is a step on the path to full smart-contract functionality.

By Brady DaleMar 1, 2021

Markets

Cardano's ADA Token Tripled in February to Outperform CoinDesk 20

Traders are betting on the "smart-contract" blockchain, which aims to compete with market leader Ethereum, even though it doesn't yet have smart-contract functionality.

By William FoxleyMar 1, 2021

Cardano's ADA token posted the fastest returns among the CoinDesk 20 digital assets during February.

Markets

Bitcoin Tumbles to $43K, Lowest in Three Weeks

Some analysts worry that rising bond yields might prompt the Federal Reserve to tighten historically loose monetary policy, prompting a correction in assets perceived as risky.

By Bradley KeounFeb 28, 2021

Chart of bitcoin prices over past three months, showing recent declines in the most recent candles.

Markets

Cardano's ADA Is Now the Third-Largest Cryptocurrency by Market Cap

The cryptocurrency rose to $1.30, beating out its previous all-time high set in January 2018.

By William FoxleyFeb 26, 2021

Markets

Attention Kraken Shoppers! Ether Was Half Off at $700 During Monday’s Crypto Sale

Kraken said ether's price had a "sharp" downward movement on Monday.

By Muyao ShenFeb 22, 2021

Videos

KISS Frontman Gene Simmons Endorses Cardano

Rock legend Gene Simmons tweets that he's purchased $300K worth of cardano, citing ADA's relative affordability. "The Hash" panel discusses whether celebrity endorsements of crypto is a positive or a "kiss" of death?

Feb 19, 2021

Markets