What is Cardano & how does it work?

Cardano is one of the biggest cryptocurrencies by market cap. It’s designed to be a flexible, sustainable, and scalable blockchain platform for running smart contracts — which will allow the development of a wide range of decentralized finance apps, new crypto tokens, games, and more. Cardano is one of the biggest cryptocurrencies by market cap.

What happened to Coti & Cardano?

The all-time high came after Coti announced a partnership with Cardano on the CardWallet project and became the lead issuer of the Cardano-based Djed stablecoin. By the end of November, Coti had fallen around 56%.

What are Cardano native tokens?

On March 1, 2021, the Cardano blockchain introduced the ability to create native tokens. Like Ethereum tokens — which can include things like NFTs or stablecoins like USD Coin — Cardano native assets can be created and distributed on the blockchain and are able to interact with smart contracts.

What is Cardano (Ada)?

The primary cryptocurrency of Cardano is called Ada. Cardano oversight is decentralized and shared by the Cardano Foundation, IOHK, and EMURGO. Charles Hoskinson, the co-founder of Ethereum, began the development of Cardano in 2015 and launched the platform in 2017. Cardano has positioned itself as an alternative to Ethereum.