Cardano has announced good news for those eagerly awaiting the launch of their ADA cryptocurrency. For the time being, ADA could hit Coinbase in late 2020.
Firstly, Cardano (ADA) is a decentralized platform that will enable complex programmable value transfers in a secure and scalable way.
Cardano is reportedly the first Blockchain platform to evolve out of a scientific philosophy and research-driven approach, and one of the first to be built in the Haskell programming language.
Similarly, Cardano is supported by three organizations that are separate in both ownership and leadership. The Cardano Foundation is an independent organization based in Switzerland that oversees the development of the Cardano ecosystem.
Then IOHK designs and builds Cardano y Emurgo, which is the for-profit arm that supports Cardano with commercial companies.
Cardano also has its own block browser, which allows users to check the history of ADA transactions that are publicly recorded on the Blockchain.
How can Cardano ADA tokens be purchased?
Initially, you can buy ADA from any cryptocurrency exchange that supports it. Also, ADA can be stored in an exchange or in a wallet of your choice. So the news that Cardano’s ADA may be listed on Coinbase before the end of 2020 is positive.
This announcement follows the line of other news offered by Cardano in the middle of his Virtual Summit. In a recent tweet, Cardano founder Charles Hoskinson noted that the Cardano Virtual Summit has already had more than 10,000 guests, somehow proving its popularity.
Other projects on the way
On July 2, it was announced that IOHK, one of the companies supporting Cardano, will launch cFund in association with Wave Financial Group. This will be a risk fund intended to encourage the adoption of IOHK Blockchain platforms.
Initially, the company has committed $ 10 million, with another $ 10 million raised by its partner. CFund is expected to make investments worth between $ 250,000 and $ 500,000 in “early stage businesses, developing their products and services on IOHK Blockchain technologies, including Cardano“
Thus, the implementation of the benefits of Cardano little by little is gaining popularity in the remainder of 2020, and possibly extends further if the company continues to work in alliances and projects like these mentioned.
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