Cardano

2021

Striving to build into national governance systems

Blockchain and decentralized technologies offer a convincing potential solution to many of the management problems facing the world today, said Cardano, the founder of the blockchain, in September 2021.

Cardano's ecosystem is working on projects from voting to payments and even on ways to manage the currencies of nation states, Charles Hoskinson said.

"You could run a nation-state based on this type of infrastructure - not today, but in three to five years it's definitely possible." Cardano is trying to "position itself in the market of ideas in order to become a legitimate option for at least some of these systems and some of these structures," he added.

"People are fundamentally unhappy with governance," Hoskinson said at the summit. "There is an appetite for new systems, new ways of managing, new types of organization"

Cardano's ADA token became the third largest cryptocurrency in the world

Since only in a week in mid-August 2021 the ADA cryptocurrency jumped by about 50%, optimism is growing that new technological improvements will allow concluding smart contracts for Cardano to the announced goal - September 12. This will allow its network to offer profitable services, such as DeFi, where Ethereum dominates at this time.

According to the tracker CoinGecko, the market value of the ADA token is more than $69 billion, which is more than all competitors except Bitcoin and Ether.