Cardano (ADA) is an open-source public blockchain to support smart contracts.
Cardano (ADA) is an open-source Proof-of-Stake (PoS) blockchain network with its inception dating back to 2015. It utilizes a modified version of UTXO (EUTXO) to accommodate support for smart contracts, which is currently under development.
- It is supported by three main organizations: the Cardano Foundation, IOHK, and Emurgo. They all work in conjunction to support development, promotion, and commercial adoption efforts.
- Cardano’s progress of development is divided into 5 phases, which are concomitantly rolled out through a process that relies heavily on academic research and engineering best practices.
- Cardano is expected to implement full support for smart contracts by the end of 2020 with the final Goguen update.
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