$ADA Cardano: Past, Founders, Vision, and Price Milestones

What is Cardano?

Launched in 2017, Cardano (ADA) is a third-generation blockchain aiming to solve the limitations of Bitcoin and Ethereum — namely scalability, sustainability, and interoperability. It uses a proof-of-stake (PoS) consensus mechanism called Ouroboros, designed for energy efficiency and security.

Who created it?

Cardano was founded by Charles Hoskinson, one of Ethereum’s co-founders, after he left the Ethereum project due to differing visions. He later co-founded IOHK (Input Output Hong Kong), which builds Cardano along with the Cardano Foundation and Emurgo.

What makes it unique?

Cardano is the first blockchain developed through peer-reviewed academic research. It uses a layered architecture:

Settlement layer: Handles ADA transactions.

Computational layer: Runs smart contracts and dApps (via Plutus).

Its vision includes financial inclusion, particularly in developing countries — with projects already underway in parts of Africa for identity and education systems.

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Price Milestones:

All-Time High (ATH):

$3.10 on September 2, 2021 (bull market peak)

All-Time Low (ATL):

$0.01735 on October 1, 2017 (shortly after launch)

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Cardano continues to build slowly but steadily, with a focus on long-term sustainability rather than fast hype. Whether it reaches its full potential depends on adoption, developer growth, and continued delivery on its roadmap.