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What is Cardano used for?

Although Cardano is still a relatively new blockchain, it's real world applications include cryptocurrency ('ADA' Coin) and Decentralized apps (Dapps). Some Dapp categories are DeFi (Decentralized Finance), identity management, voting, games, and more. Like Ethereum smart contracts, the creative options are fairly unlimited. Cardano has been recognized for it's speed, security, and scalability.

Cardano ICO List

Explore Cardano ICO Projects. There are many upcoming ICO's on the way.

Cardano ICO List

Cardano dApps List

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Cardano Dapp List

Development

Get your Cardano Smart Contract Application brought to life. From Prototype to MVP, we'll plan and build out the frontend & backend in Plutus, Javascript, Bootscrap, PHP Laravel. DeFi Dapps are our specialization.

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Resources

Tap into the Cardano ecosystem. Oracles, Organizations, education, and more.

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Is Cardano better than Ethereum?

Ethereum has the first-mover advantage as it entered the market several years earlier, which has lead to high initial adoption. Cardano's advantage in this is learning from the mistakes of 1000's of earlier projects to design a more future proof solution however. It's worth noting that the founder, Charles Hoskinson, was a co-founder of Ethereum originally.

6 Reasons Cardano is better than Ethereum:

  • 01 Cardano is Dual layer, whereas Bitcoin and Ethereum are single layer. This makes it a 3rd generation blockchain with several benefits. Dual layer means splitting accounting and computation into different layers.
  • 02 Capacity and Scaleability. Cardano is faster with greater bandwidth.
  • 03 Every component of Cardano's architecture is peer-reviewed and rigorously tested by academics prior to implementation.
  • 04 Proof-of-Stake instead of Proof-of-work. This greatly reduces computational requirements, which in turn lowers energy consumption making it more environmentally friendly.
  • 05 Building in the ability to upgrade post-deployed systems without destroying the network.
  • 06 Cardano has lower transaction fees (gas fees)


Cardano DeFi (Decentralized Finance)

DeFi opens up a new way of doing finance. Moving away from financial institutions which act as intermediaries can improve speed and trustworthiness of transactions. This is peer-to-peer finance. Startups in this space will build blockchain smart contracts into their DApps. Some uses within the DeFi market are:

  • 01 Lending.
  • 02 Payments and wallets.
  • 03 Trading.
  • 04 Interest Accounts.
  • 05 Market Liquidity.
  • 06 Derivitaves and options.
  • 07 Asset management.
  • 08 Insurance.
  • 09 Financial analytics.
  • 10 Identity. KYC "Know Your Customer".

Is Cardano a blockchain?
Yes, Cardano is a blockchain. It's a competitor to Ethereum, Polkadot, and several others.
Most likely Charles Hoskinson, the founder of Cardano. He was also a co-founder of Ethereum.
Cardano is so cheap because it is a relatively new project that has not attracted as much attention as Bitcoin or Ethereum. The second factor is that there are 45 billion Cardano's. So the relative price per share (ADA) is low because the total supply is so ample.
Depends on your meaning of better. As a currency? Cardano has faster transaction speeds and consumes far less energy, so I'd say Cardano is better.
Yes it is, but it's not in it's final version. They have a 'roadmap' of staged functionality releases. It's currently in stage 3 called 'Goguen' which includes smart contracts.
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Cardano has a very tangible value basically being a future internet. In contrast, there are 1000's of coins that don't really do anything innovative.
Is Cardano deflationary?
Yes. Cardano has a fixed supply making it deflationary. This is opposite to inflationary currencies like the USD which can have additional supply created. Countries like the USA often need to adjust the currency by adding or removing currency from circulation to help control inflation and interest rates.
Yes. In fact it's far more decentralized than Bitcoin. Bitcoin has just 10 mining pools which account for 85% of the network’s block production. Cardano has 2200 staking nodes (equivalent of miners for Proof-of-Steak blockchain). So this is far more 'democratic' which is the goal.
Cardano is the blockchain, ADA is the cryptocurrency associated with the Cardano blockchain.
It's growing fast. Cardano has several governments on board to trial the blockchain. These include Mongolia and Ethiopia.
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