What is Cardano (ADA)?

Cardano is a multi-tier Proof-Of-Stake blockchain platform written in the Haskell programming language for building decentralized applications based on smart contracts.

The platform is named after Gerolamo Cardano (1501 - 1576), an outstanding Italian mathematician, physicist, biologist, chemist, astrologer, philosopher, writer and gambling enthusiast.

It is quite logical that the creator of Cardano, mathematician Charles Hoskinson, named Cardano a project aimed at creating a flexible and interoperable kind of programmable money using scientific methods based on mathematical proof and game theory.

Cardano's native cryptocurrency token, ADA, is named after Augusta Ada King, Countess of Lovelace (1815 - 1852). The daughter of the poet George Byron, Ada Lovelace was a mathematician and described the first computing machine for which she wrote the world's first program. She is considered the first programmer in history.

The team behind CARDANO?

1. Charles Hoskinson is the founder of Cardano, the mathematician and entrepreneur who pioneered Bitshares and Ethereum.
2. Jeremy Wood is the co-founder of Cardano, director of strategic development for the project. At the end of 2013, he served as CEO of the Ethereum Foundation, after which he acted as a consultant on a number of other cryptocurrency projects.
3. Aggelos Kiayas is the project's chief scientist, cryptographer and professor at the University of Edinburgh.
   In June 2014, Hoskinson left Ethereum due to disagreements regarding the further development of the project, after which, together with Wood, he founded Input Output Hong Kong (IOHK), which began developing and developing Cardano in 2015.

On February 7, 2017, the IOHK developers presented the whitepaper of the Ouroboros blockchain protocol.