Cardano’s ADA token becomes third largest cryptocurrency

Cardano ADA Token

ADA, Cardano’s native token, has surpassed stablecoin Tether to become the third largest cryptocurrency based on market cap.

According to cryptocurrency tracker CoinGecko, the ADA token now has a market cap of $64.9 billion (£47.2bn) compared to recently overtaken Tether which sits just shy at $64.6 bn (£46.9bn).

Perhaps more notably, the Cardano coin has a seven day growth rate of 20.8%, putting it leaps and bounds ahead of Tether’s 0.7% growth or top dog...

Charles Hoskinson, Founder, Cardano: On restoring trust through decentralisation

The Block spoke with Cardano founder Charles Hoskinson about the blockchain industry and restoring trust through decentralisation ahead of the platform’s upcoming launch of smart contracts.

Hoskinson co-founded the current decentralised app platform leader, Ethereum, but left the project following a dispute about accepting venture capital and the need for a more formal governing structure. He went on to found Cardano in 2015 and became the CEO of the project’s main developer,...

Cardano is ‘building bridges’ to Ethereum with new KEVM testnet

Cardano is launching a new KEVM (K Ethereum Virtual Machine) to build a bridge with the leading smart contract platform’s developers.

Charles Hoskinson, Founder of Cardano and CEO of IOHK, was a co-founder of Ethereum. 

Disagreements over Ethereum’s direction led Hoskinson to create Cardano, taking a more academic approach to its development and fixing the notorious problems which have plagued the largest smart contract platform.

Cardano launched after...