What is the Cardano ADA cryptocurrency project?

Cardano is an open-source blockchain project developed to run financial applications used by companies, consumers, and governments worldwide. It can be used to send and receive digital money, ensuring fast and direct transfers secured by encryption. The project features a multi-layered development that allows a specialized team of programmers and engineers to maintain and upgrade the blockchain easily using soft upgrades. The digital currency ADA is the native currency of the project.

Three main teams are working on the project to make it more successful than it is today.

Compared to other cryptocurrencies, the Cardano project is relatively new, meaning that few sub-projects are still under development.

Currently, the three teams working on the project are:

Cardano Foundation:

This is the largest team based in Switzerland, working on growing the ecosystem and promoting the adoption of the digital currency ADA. In addition, its responsibilities include shaping standards and regulations, encouraging the global community, ensuring stakeholder accountability, and facilitating long-term partnerships. This team also oversees the growth and development of the blockchain and its system.