Buy Cardano in Australia on CoinJar

Buy Cardano (ADA) Australia: Cardano is a blockchain platform that aims, they say, to build a secure, fair and transparent society. It is designed to be a more efficient and sustainable alternative to other proof-of-work networks, such as Bitcoin and Ethereum.

Cardano also has the potential to support smart contracts, decentralised applications, digital identity, and governance. The cryptocurrency or token of this blockchain is called ADA.

History of Cardano

Cardano was founded in 2017 by Charles Hoskinson, who was also one of the co-founders of Ethereum. Hoskinson wanted to create a more scalable and interoperable blockchain platform that could address some of the limitations and challenges of existing networks.

Hoskinson also envisioned a platform that would be based on scientific research and peer-reviewed methods, rather than trial and error.

To achieve this vision, Hoskinson established IOHK, a technology company that develops Cardano and other blockchain projects. He also partnered with Cardano Foundation, a non-profit organisation that promotes and supports Cardano, and Emurgo, a venture capital firm that fosters the adoption of Cardano. Together, these three entities form the core of the Cardano ecosystem.

Charles Hoskinson

Charles Hoskinson, the founder of Cardano, has a diverse range of interests beyond his involvement with Cardano. One of his intriguing ventures is investing in Colossal, a startup with an ambitious mission: Resurrecting the woolly mammoth, the Tasmanian Tiger and the dodo, among other extinct creatures.

In addition to his involvement with Cardano and Colossal, Hoskinson has other ventures, including raising bison and running a health clinic. His diverse portfolio reflects his eccentric and sometimes controversial personality.

Background of Cardano

Cardano is named after Gerolamo Cardano, a 16th century Italian polymath and mathematician. The ADA token is named after Ada Lovelace, a 19th-century English mathematician and computer programmer, who is considered to be the first person to write an algorithm for a machine.

Why would you invest in Cardano?

Cardano might be a good investment because it has a strong potential to grow in value and adoption.

Cardano has a clear and ambitious vision to create a more inclusive and equitable society, by leveraging blockchain technology to empower individuals and communities.

Cardano also has a long-term roadmap that outlines its goals and milestones for the next decade.

Cardano, like any other cryptocurrency, is subject to high volatility and market fluctuations.

Conclusion: Cardano ADA

Unlike its predecessors, Cardano aims to be a third-generation blockchain — a smart contract platform that combines rigorous academic research with technological innovation.