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“Cardano is an open platform that seeks to provide economic identity to the billions who lack it by providing decentralized applications to manage identity, value, and governance” - @IOHK_Charles on Twitter[1]

Cardano is a blockchain technology similar to Bitcoin and Ethereum. Charles Hoskinson, the founder of Cardano, calls it a “third generation” blockchain[2]. Bitcoin would be the first generation, Ethereum second generation due to its smart contract capability, and Cardano third generation.

Cardano features the decentralization and security of bitcoin coupled with the smart contract capabilities of Ethereum. It is also currently one of the leading “proof of stake” blockchains[3].

There are three corporations that are often referred to with respect to Cardano - IOG (formerly known as IOHK)[4], The Cardano Foundation[5], and Emurgo[6]. These corporations do not “own” Cardano, as Cardano is a public decentralized blockchain that anyone can use and build upon. Instead, they work together to promote Cardano and build the basic infrastructure that allows it to function properly.