Cardano
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 3.4m | 4.4m | 8.1m | 25.2m | 35.8m |
% growth | - | 29 % | 85 % | 210 % | 42 % |
Date | Investors | Amount | Round |
---|---|---|---|
$300k | Angel | ||
$100m | Late VC | ||
Total Funding | €91.2m |
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Recent News about Cardano
EditCardano is a blockchain-based platform that aims to revolutionize the way individuals transact, systems govern, and enterprises grow. It operates in the rapidly evolving blockchain market, serving a diverse range of clients including innovators, visionaries, and changemakers looking to leverage blockchain technology for positive global change.
The business model of Cardano is based on the proof-of-stake blockchain platform, which means that it relies on holders of its cryptocurrency to validate transactions. This approach is different from the traditional proof-of-work system used by other cryptocurrencies, where miners solve complex mathematical problems to validate transactions.
Cardano's platform is unique as it's the first to be built on peer-reviewed research and developed through evidence-based methods. This ensures unparalleled security and sustainability for decentralized applications, systems, and societies.
Cardano makes money by offering its blockchain platform as a service to businesses and individuals. Users pay fees to use the platform's services, such as executing smart contracts or making transactions. The fees are then distributed to the holders of Cardano's cryptocurrency, incentivizing them to continue validating transactions on the platform.
Cardano also hosts events like the Cardano Summit and Hackathon, which serve as platforms for blockchain enthusiasts, developers, and businesses to connect, collaborate, and innovate.
In summary, Cardano is a pioneering force in the blockchain industry, offering a secure, sustainable, and scalable platform for global systems to operate more efficiently and transparently.
Keywords: Blockchain, Proof-of-Stake, Peer-Reviewed Research, Evidence-Based Methods, Decentralized Applications, Cryptocurrency, Transaction Validation, Smart Contracts, Cardano Summit, Sustainable Innovation.