CoinMarketCap addresses Cardano these days, one of the top 10 cryptos. Check out the platform’s tweet below.
— CoinMarketCap (@CoinMarketCap) March 8, 2021
The official blog post notes that Charles Hoskinson categorizes Cardano as a third-generation blockchain, with Bitcoin and Ethereum considered the first and second-generation chains.
“According to reports, it was Hoskinson’s disagreement with how Ethereum was supposed to be built that led him to create a separate movement from the team,” the notes say.
It’s been also revealed that “This is also the reason why they did not build on the already existing chains in developing Cardano; instead, they went on to create a completely independent network from scratch.’
We suggest that you check out the complete blog post in order to learn more about Cardano and ADA.
Cardano in the news
Cardano (ADA) adoption has been going great these days, and the momentum is still here.
It’s been revealed that the billion-dollar crypto investment fund called FD7 Ventures announced recently that they had completed the purchase of $380M USD of Cardano (ADA).
It’s also important to mention the fact that the funds were a conversion from part of the company’s existing Bitcoin (BTC) holdings.
More than that, the transaction was completed on Thursday, March 4th, putting the firm ahead of their previous goal of completing the conversion by mid-to-end of March.
Cardano has been making headlines a lot lately due to the many and important achievements of the project.
In other recent news, we revealed that Cryptopotato online publication notes that retail investors seem to have flooded the crypto ADA. Google searches have skyrocketed to new highs in the past few weeks, coinciding with the latest price record for ADA.