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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<ref name=":0">https:// | “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<ref name=":0">https://twitter.com/IOHK_Charles/status/1290058248347770880</ref> | ||
Cardano is a blockchain technology similar to Bitcoin and Ethereum. Charles Hoskinson, the founder of Cardano, calls it a “third generation” blockchain<ref | Cardano is a blockchain technology similar to Bitcoin and Ethereum. Charles Hoskinson, the founder of Cardano, calls it a “third generation” blockchain<ref>https://hir.harvard.edu/charles-hoskinson-3/</ref>. 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<ref>https://coinmarketcap.com/view/pos/</ref>. | 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<ref>https://coinmarketcap.com/view/pos/</ref>. | ||
There are three corporations that are often referred to with respect to Cardano - IOG (formerly known as IOHK)<ref>https://iohk.io/en/</ref>, The Cardano Foundation<ref>https://cardanofoundation.org/</ref>, and Emurgo<ref>https://emurgo.io/</ref>. 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. | There are three corporations that are often referred to with respect to Cardano - IOG (formerly known as IOHK)<ref>https://iohk.io/en/</ref>, The Cardano Foundation<ref>https://cardanofoundation.org/</ref>, and Emurgo<ref>https://emurgo.io/</ref>. 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. |
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