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Price Predictions for Cardano (ADA) for 2024-2050
Cryptocurrencies /
Alex Macris
Cryptocurrencies
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What is Cardano (ADA)?
Cardano
The Cardano network was founded in 2015 by "Charles Hoskinson," one of the co-founders of the Ethereum network, and is named after the Italian mathematician "Gerolamo Cardano."
The public blockchain platform was launched in September 2017 with the aim of updating and improving current financial systems to make them more accessible, efficient, and fair, and to provide a comprehensive range of financial services for both advanced and developing regions, ensuring equal financial access for all. The Cardano network seeks to address the key challenges identified by "Hoskinson" with digital currencies: scalability, interoperability, and sustainability.
The digital currency system has evolved significantly with each generation. Bitcoin, the first pioneer, established the concept of decentralized digital currency and is often compared to digital gold due to its limited supply. However, it faces challenges in scaling its network.$ADA