Making The World Work Better For Everyone Is What Cardano Stands For. A blockchain-based platform for changemakers, innovators, and visionaries with the tools and technologies required to create possibilities for the many and bring about positive global change. It is a proof of stake platform, the first to be founded on peer-reviewed research and developed through evidence-based methods, which combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications systems and societies.
The company was established in 2017 and is co-founded by Charles Hoskinson, and is located in Zug, Switzerland. The Switzerland-based protocol aims to solve problems related to scalability, interoperability, and sustainability on the cryptocurrency platform. With a decentralized team of three independent entities that work to ensure that Cardano stays true to its purpose as it advances and evolves. The firm is partnered with some reputed companies, such as INPUT/OUTPUT, EMURGO, and many more.
Cardano brings a new standard in technology that is open and inclusive to challenge the old and activate a new age of sustainable, globally distributed innovation. It exists to redistribute power from unaccountable structures to the margins, to individuals, and to be an enabling force for positive change and progress. The protocol is the culmination of tireless effort, building on foundational research, and is propelled by a vision for more secure and transparent global payments systems and a means to redistribute power and control more fairly.
The company, according to recent reports, has significantly improved its consensus layer pipelling, which would completely alter the logic of Cardano's transaction propagation. The platform just published an open-source Cardano Web3 Decentralized Applications Tool Stack in the month of June 2022. Exchanges AdaSwap, ADA Finance, DOEX, and Cardax all were created by Cardano.