Background
According to Coinmarketcap, Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.
Cardano was founded back in 2017, and the ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.
- Charles Hoskinson on Cardano
Cardano ADA - News/Updates
At the end of July, Cardano successfully underwent its Shelley hard fork upgrade. Shelley is the second stage of Cardano’s development roadmap and is still technically in process. The Shelley upgrade delivered decentralization to Cardano by introducing ADA staking
In September, IOHK launched Project Catalyst, an initiative which seeks to bolster development on the Cardano blockchain. In October, Cardano released the roadmap for Goguen, its third development milestone, and even demoed their ERC-20 converter which will allow for the migration of tokenized assets from Ethereum to Cardano
Cardano Staking
Staking on Cardano offers many benefits. First, there is no lock up period – you can unstake your ADA at any time. Second, you can stake ADA from the safety of your Daedalus or Yoroi wallet. Third, you can switch to another staking pool whenever you want and can even stake in multiple pools if you are using the Yoroi wallet
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