Cardano in 2024 — The Crypto Investment Everyone’s Overlooking

In the crypto world, we often hear the terms Cardano and ADA. But what exactly are they? Let’s clarify to avoid confusion.

Cardano is a Proof-of-Stake (PoS) blockchain platform. It is open-source and also the first to be founded on peer-reviewed research and developed through evidence-based methods. The Cardano blockchain’s main focus is to solve three strategic challenges that blockchain networks face: scalability, interoperability, and sustainability.

ADA is the native cryptocurrency of the Cardano blockchain. Named after Ada Lovelace, a pioneering mathematician and writer. ADA serves utility, staking and governance roles in the Cardano ecosystem.

Now that we’ve clarified these terms, let’s dive into a detailed overview of the project.

1. Key Organizations Behind Cardano

The organization around the Cardano ecosystem consists three main parts:

Emurgo

A major entity that invested early on, focusing on promoting Cardano adoption through commercial ventures.

“We want to help people and organizations unlock the unique value of Web3 products, services, and solutions built on the Cardano blockchain to empower their lives and change the world for the better.” — Source: emurgo.io

With offices in Africa, Asia, and the USA, Emurgo works globally to expand Cardano’s reach.