Cardano has a similar vision to Bitcoin: financial services for everyone. However, the approach to the problem is somewhat different from Bitcoin. Dr. Lars Brünjes from Input Output Hong Kong (IOHK) explains the details in the podcast.
The year 2017 was the year of the crypto boom. One day a relatively unknown project was found among the top 10 crypto currencies: Cardano, with the ticker ADA. What distinguishes this project from the remaining 2,000 crypto currencies?
Third generation cryptosoft currency
Cardano wants to be a third generation cryptosoft currency. Bitcoin would be the first generation, Ethereum the second. Cardano stands out from the other projects above all because of its very scientific approach. While many coins are simply forks from Bitcoin or just ERC20 tokens on the Ethereum blockchain, Cardano actually brings something new to the discussion. The project places a lot of emphasis on scientific work. This means that the findings must be reviewed and reproduced by several parties before they make their way into the protocol.
IOHK saw the light of day in 2015 for crypto trader
Founded by Charles Hoskinson and Jeremy Wood, the crypto trader project focuses on financial services for the crypto trader. The slogan „Banking the Unbanked“, which is also often expressed in Bitcoin, is also a signpost for IOHK. IOHK is a driving force behind Cardano and the digital asset „Ada“, named after Ada Lovelace, the world’s first programmer.
Dr. Lars Brünjes is the Director of Education for IOHK. His background lies in pure mathematics, which is why he particularly likes Cardano’s scientific approach. In addition, Lars is very familiar with the Haskell programming language on which Cardano is built. Today he shares his accumulated knowledge with us in the BTC-ECHO Podcast.