Cardano is a public blockchain platform. It is open source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency Ada.[4]
Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson. The development of the project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland.The platform began development in 2015 and was launched in 2017 by Charles Hoskinson, a co-founder of Ethereum.[7][8][9] Hoskinson left Ethereum after a dispute with its co-founder Vitalik Buterin; Hoskinson wanted to accept venture capital and create a for-profit entity while Buterin wanted to keep it running as a nonprofit organization. After leaving he co-founded IOHK, a blockchain engineering company, whose primary business is the development of Cardano, alongside the Cardano Foundation and Emurgo.[9] The platform is named after Gerolamo Cardano and the cryptocurrency after Ada Lovelace.