$ADA Here is a brief summary of the history of ADA (Cardano) - fast, clear, and convincing:
🌱 Roots (2015-2017): The Birth of a Blockchain Vision
Cardano was founded in 2015 by Charles Hoskinson, one of the co-founders of Ethereum, to build a third-generation blockchain that addressed the issues of scalability, security, and interoperability between Bitcoin and Ethereum.
Developed by IOHK (Input Output Hong Kong)
It was funded through an Initial Coin Offering (ICO), raising approximately $62 million
The currency name: ADA, named after Ada Lovelace, a 19th-century pioneer in mathematics.
🧠 It is the first blockchain built on peer-reviewed academic research.
🚀 Early Launch (2017-2019): Shelley in Motion
2017: The mainnet of Cardano was launched, with ADA trading at less than $0.03.
Focus on the Byron phase (the core transaction layer).
The Shelley update (2019) led to decentralization and staking - a major achievement.
🔧 Building the Ecosystem (2020-2021): The Arrival of Smart Contracts
2020: ADA began to rise in popularity and price thanks to steady advancements.
2021: The Alonzo update enabled smart contracts (finally allowing DeFi and dApps on Cardano).
ADA reached an all-time high of $3.10 in September 2021.
🧩 Challenges and Development (2022-2024): Increasing Difficulties
Criticism for the slow rollout of ADA compared to Ethereum and Solana.
Still praised for its scientific approach and low energy consumption.