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.

Videos

[SPONSORED CONTENT] Alvaro Cosi of Switzerland for UNHCR shares his perspective on raising awareness and funding for refugees utilizing blockchain technology

Alvaro Cosi of Switzerland for United Nations High Commissioner for Refugees (UNHCR) talks about how they're utilizing blockchain technology to encourage people to stake their digital assets through the Cardano stake pool, allowing them to receive rewards, and in turn, still support refugees.

Nov 13, 2023

Tech

Cardano-Based DEX MuesliSwap to Open Refund Site 'Soon' as Some Users Voice Concerns

The DEX previously said traders lost a significant amount of ADA due to a “misunderstanding” about how the platform operates, but confirmed it would refund losses at the time.

By Shaurya MalwaNov 9, 2023

Tech

Cardano Blockchain Transactions Jumped 49% in Q2 on Network Upgrades, New Users

Blockchain load — a measure of how much data is contained in blocks over a certain period — rose to 50% in the second quarter from under 40% in the first. It peaked at 81% in May.

By Shaurya MalwaAug 7, 2023

Finance

Celsius to Potentially Sell More Than $170M in ADA, MATIC, SOL and Altcoins for BTC, ETH

Court documents from last November give a rough picture of the lender’s altcoin holdings.

By Danny NelsonJun 30, 2023

Videos

Robinhood Lays Off 7% of Full-Time Staff in Third Round of Job Cuts Since April 2022: WSJ

Robinhood (HOOD) has shed 7% of its full-time staff, or about 150 employees, in a third round of layoffs since April 2022, according to The Wall Street Journal. This comes as the trading platform delists Cardano (ADA), Polygon (MATIC) and Solana (SOL), tokens that the SEC named as securities in its recent lawsuits against Binance and Coinbase. "The Hash" discusses Robinhood's recent business decisions.

Jun 27, 2023

Markets

ADA, SOL Underperform as Robinhood Gets Set to Delist Them Amid SEC Crackdown

The popular trading app will no longer support the trading of Cardano, Solana and Polygon after Tuesday.

By Helene BraunJun 27, 2023

Trading app Robinhood has added Solana, Pepe, Cardano and XRP to the list of cryptocurrencies available to trade on its platform. (Unsplash)

Videos

Robinhood Ending Support for Tokens Named in SEC Lawsuit as Securities

Robinhood (HOOD), the popular trading platform, is ending support for Cardano (ADA), Polygon (MATIC) and Solana (SOL), three tokens that the SEC named securities in its recent lawsuits against Binance and Coinbase. OANDA Senior Market Analyst of The Americas Edward Moya discusses what Robinhood's delisting of these tokens could mean for bitcoin (BTC).

Jun 27, 2023

Videos

Bitcoin Could Reach $40K By End of Year: Analyst

Edward Moya, OANDA Senior Market Analyst of The Americas, discusses why he thinks bitcoin (BTC) could end the year around the $40,000 level, citing the recent macroeconomic backdrop and the recent flurry of spot bitcoin ETF filings in the U.S. Plus, Moya addresses the possible market reaction to Robinhood ending support for Cardano (ADA), Polygon (MATIC) and Solana (SOL).

Jun 27, 2023

Markets

Bitcoin Holds Above $30K as Investors Await Historically Strong July, Eye Options Expiry

BTC has gained at least 20% in July in each of the past three years. Depending on its price heading into the expiry, bitcoin could rally additionally or retreat.

By James RubinJun 26, 2023