#CardanoDebate Cardano — a blockchain platform created by Input Output Hong Kong and Charles Hoskinson, a former co-founder of BitShares, Ethereum, and Ethereum Classic. The system is aimed at launching smart contracts, decentralized applications, sidechains, and multi-party computations. The internal cryptocurrency of Cardano is called ADA. The platform is named after Gerolamo Cardano, while the cryptocurrency is named after Ada Lovelace.

The Cardano cryptocurrency was launched on September 29, 2017, in Japan.

Cardano is being developed by the IOG team as an inclusive, secure, and stable financial infrastructure. It aims to provide an alternative banking service rather than just a transaction system. An integral part of the solution will be decentralized identity, which people need to interact with authorities and each other.

Great attention is paid to a high degree of decentralization, as this is a feature that distinguishes the blockchain industry from traditional services. Moreover, the security of the Cardano network largely depends on decentralization, as it grows along with the distribution of ADA coins.