In depth Overview of Cardano
- Introduction
- Technology
- Web3 Ecosystem
- Network Growth & Adoption
- Conclusion
Introduction
Cardano initially took on notoriety among a class of ICO-craze-driven projects in 2017 following the network’s launch. While the ICO-wave gained infamy from the number of overpriced assets that ultimately disappeared into crypto dust, Cardano finds itself among a subset of ICO Warriors that persisted the treacherous perils of a dark and quiet crypto winter — bloody, beaten, yet hungry for more. With Cardano’s Shelley hard fork in July 2020, a long 3 years after the blockchain’s launch, the project regained life, seeing a momentous surge to hold a strong position in the top 5 crypto assets by market capitalization for much of 2021. While the blockchain space is seemingly saturated with Layer-1 (L1) smart contract platforms, Cardano’s approach and philosophy is quite unique relative to its L1 peers, which may give Cardano a competitive edge if developments prove to be successful. Importantly, Cardano is very much a value-driven project, emphasizing community governance, academic peer-review, and the importance of high assurance programming. Cardano’s values have…
