Cardano Foundation, IOHK and Emurgo, the three partners responsible for the industrial-strength Blockchain Cardano today announce that Ada, Cardano’s cryptocurrency, will be tradable on Bittrex.
Cardano was designed by IOHK’s international team of leading experts, academics and cryptographers during the past two years and was inspired by the best features of existing cryptocurrencies including Bitcoin, Ripple and Ethereum.
Of its many innovations, it is the first Blockchain to use a provably secure, proof of stake algorithm – the only one to have been academically peer reviewed by leading cryptographers through its acceptance to Crypto 2017, the world’s top cryptography conference.
Cardano is scalable and is designed in separate layers, to easily allow for future software upgrades.
The Ada cryptocurrency operates on its own Blockchain, while a second layer will run smart contracts, using a Haskell-inspired scripting language, called Plutus. The roadmap for Cardano incorporates major innovations such as a treasury and governance system to ensure future development, as well as sidechains, trusted hardware and the addition of metadata to allow for more sophisticated financial transactions so Cardano can interact with legacy financial systems.
Security has been at the forefront of design and rigorous academic and commercial best practices have been adhered to, such as peer review and formal methods used in the production of high assurance software for mission-critical systems.
From September 29th, Bittrex began accepting deposits of Ada, and from October 2nd, the almost 10,000 holders of Ada will be able to trade their tokens on one of the largest international exchanges.
Cardano is the first such cryptocurrency and Blockchain ecosystem built for the Asian market and Ada vouchers were distributed exclusively in Asia between September 2015 and January 2017. The sale event raised over $60m USD and was the first to follow compliance guidelines.
US-regulated Bittrex enables individuals and businesses to buy and sell next-generation cryptocurrencies and digital tokens. The exchanges offers fast trade execution, stable wallets and sophisticated security practices – strict compliance audits are carried on all new coin launches, ensuring that users can make informed trading decisions.
Cardano was founded by a group of cryptocurrency experts, investors and entrepreneurs in 2014. Input Output HK (IOHK), a world-class engineering and research company, was engaged to design and build the technology. IOHK is creating Cardano using the Haskell functional programming language, which is uniquely suited to underpinning a financial system thanks to its security advantages. Cardano Foundation is a Swiss non-profit and guardian of the Cardano ecosystem and community. It aims to proactively work with governments and regulatory bodies, as well as forming strategic partnerships with enterprises and other open-source projects to further global adoption of the technology. The final partner, Emurgo, will develop, support, and incubate commercial ventures that wish to build applications on Cardano.
The project is unique in addressing the need for regulatory oversight whilst maintaining consumer privacy and protections. Adoption across Asia will pave the way for Cardano to become a software stack that will provide accessible, peer-to-peer financial services services for people in developing regions who are currently excluded from traditional finance.
Extensive resources about the project are available on the Cardano Hub website and at Whycardano.com
Bittrex is the first exchange to list the Ada cryptocurrency, and will be followed by listings on other exchanges, including Bitt and Cryptopia. Additional exchanges, both international and regional will be announced in the coming months.
Michael Parsons, Chairman, Cardano Foundation, said: “The listing on Bittrex is an exciting stage in the development of the Cardano protocol and is another step towards realising a new world of decentralised applications.
“Cardano has the potential to democratise finance, particularly in emerging markets. Its Blockchain protects privacy while allowing for regulation and is built on a stable and secure platform.”
Charles Hoskinson, CEO of IOHK said:
“IOHK is proud to have provided the vision and technology for Cardano. It incorporates our groundbreaking proof-of-stake algorithm, Ouroboros, and the technology is highly innovative in the area of Blockchain. With a roadmap including many exciting features such a treasury system and trusted hardware, Cardano is uniquely placed to be sustainable and scalable.”
Bill Shihara, CEO and Co-Founder of Bittrex, said:
“We’re excited to launch the Cardano platform on our exchange. The Ouroboros Praos protocol that was developed as the basis for Cardano uses a provably secure method for the proof-of-stake protocol.”
- Zug, Switzerland, To Pilot Blockchain-Based Voting Pilot - June 30, 2018
- UC Berkeley Opens New Blockchain Lab – Steve Chen Appointed to Co-Lead Newly Formed Berkeley Blockchain Lab - December 10, 2017
- Peter Vessenes Announces Deluge Network To Support a Safe and Direct Way to Contribute Bitcoin Directly to ICOs - December 5, 2017
- EXMO Launches Token Sale with Blockstarter’s ICO Solution - December 5, 2017
- AdHive, A Blockchain-Based Native Advertising Platform, Engages with WINGS DAO Platform - December 5, 2017
- Perkins Coie Adds SEC Attorney in San Francisco with Fintech and Blockchain Experience - December 5, 2017
- Cryptocurrency Monero Announces Breakthrough Online Shopping Initiative Featuring Top Global Artists’ Music and Merchandise - December 5, 2017
- Bitcoin for a ‘bit’ of Caribbean paradise - December 5, 2017
- With the Launch of SunCoin, Solar Bankers Takes On the World’s Energy Giants - December 4, 2017
- Blockchain News Is Merging With Token Report - November 30, 2017
- Mira launches Pre-ICO for Mira – an Easy and Convenient Way to Buy, Store and Send Cryptocurrency - November 23, 2017
- Dash and KuvaCash Partner to Fight Inflation in Zimbabwe with Cryptocurrency - November 22, 2017
- INS Ecosystem Partners with Ambrosus to Overhaul the Grocery Supply Chain - November 22, 2017
- Global Debt Registry Unveils Collateral Pledge Blockchain Proof of Concept - November 22, 2017
- Ripple Appoints Former New York State Superintendent of Financial Services Benjamin Lawsky to Its Board and Ron Will as CFO - November 22, 2017
- Advised by the Co-Founders of YouTube and Twitch, Theta Announces a Blockchain-based Video Delivery Network - November 22, 2017
- Modex adds top advisor from Google ahead of ICO - November 22, 2017
- Decentralized Ad Exchange AdEx Partners with INK to Handle the World’s First Blockchain-based Ad Auction - November 22, 2017
- Zilliqa Lowers Funding Cap Despite Heavy Demand from Investors - November 22, 2017
- Health Startup Etheal Combines Blockchain Technology with Micro-Incentives to Build a Peer-Reviewed Global List of Health Professionals - November 22, 2017
- Bitquence Rebrands as Ethos.io, Charting a Course to Unlock Crypto and the Future of Investment for the Masses - November 22, 2017
- Eidoo Introduces User Friendly ICO Engine – Allowing Crypto Startups To Launch And Manage Their Own ICOs For Fundraising On The Blockchain - November 22, 2017
- Simdaq Launches Social Platform for Democratisation and Development of Cryptocurrency Trading - November 22, 2017
- Gameflip Shatters FLIP Pre-Sale Goals, Sets Sights on December 4, 2017 ICO - November 22, 2017
- Golden Alliance Gold Mining Launches Token Sale - November 22, 2017
- Genaro and Storj Labs Announce Collaboration and Product Integration - November 22, 2017
- Metal (MTL) Now Available on the Chinese Cryptocurrency Exchange - November 22, 2017
- Mark.space & Jaguar Land Rover Announce Cooperation - November 22, 2017
- Exscudo – EON Testnet Was Successfully Updated - November 22, 2017
- Valorem Foundation Launches All-new Cryptocurrency Platform - November 22, 2017
- WAX Partners with Xsolla to Offer Its Platform to More Than 2,000 Video Games - November 22, 2017
- Brave expands Basic Attention Token platform to YouTube - November 22, 2017
- Narrative Launches Blockchain Based Social Network That Puts Revenue In Your Pocket, Not Mark Zuckerberg’s - November 22, 2017
- Gladius Uses Blockchain and Spare Bandwidth to Revolutionize Cyber Security - November 22, 2017
- Indorse Announces Partnership with App Store Cryptocurrency, AppCoins, ahead of MVP Launch - November 22, 2017
- Secutix And The Paléo Festival Nyon Announce The Success Of Their Blockchain Pilot Project - November 22, 2017
- ING launches major addition to blockchain technology: Zero-Knowledge Range Proof solution - November 22, 2017
- Cofound.it Announces Teams Participating in Upcoming Live Crowdsale Event - November 22, 2017
- PUBLIQ goes public: The blockchain and AI company that fights fake news announces the start of its Initial Token Offering - November 22, 2017
- Blockchain for Business SophiaTX Reveals New Details of Platform; Confirms Date for Token Generation Event - November 22, 2017
- BCShop.io Launches Partner Program - November 22, 2017
- World’s First Social Entrepreneurship Platform Moms Avenue Challenges Etsy by Gearing Up With Blockchain - November 21, 2017
- WAX Partners with Xsolla to Offer Its Platform to More Than 2,000 Video Games - November 20, 2017
- Pundi X integrates NEM blockchain to Bring Cryptocurrency Payments Into Retail Stores - November 20, 2017
- Fujitsu Develops Security Technology to Safely Connect Blockchains - November 20, 2017
- Jibrel Network Announces a Highly Successful Pre-sale Round - November 20, 2017
- KRAFTWERK on Blockchain - November 20, 2017
- MintHealth: Empowering Patients to Take Control of their Health and Data via Blockchain Technology - November 20, 2017
- IBM Completes PoC Of Blockchain-based Shared KYC With Deutsche Bank, HSBC, MUFG And Cargill, IBM Treasuries - November 20, 2017
- LetsEnhance.io to process images on Neuromation Platform - November 20, 2017