ADA is the native utility token of Cardano, launched in 2017. The founders of Cardano are Jeremy Wood and Charles Hoskinson, the latter of whom is also the co-founder of Ethereum.
Cardano is developing smart contract platforms that will be able to run financial applications for individuals, organizations, and governments around the world in a quick and secure manner. The technological platform is developed in layers, allowing for easy maintenance and flexibility.
As of 2019, Cardano ranks 12th among cryptocurrencies by market capitalization.
