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6 Insane Facts About Cardano (ADA) You Didn't Know

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By Augustine Mbam - - 5 Mins Read
Cardano coin
Shutterstock |

 

Cardano coin
Shutterstock

 

 

Cardano debuted in 2017, and the development team was led by someone keen to change how cryptocurrencies were used. Cardano is often referred to as the third generation of cryptocurrencies as it combines some of the biggest advantages of Bitcoin and Ethereum.

Since Cardano has a great vision for the crypto industry, it was made to be environmentally friendly and faster than many of its counterparts. So, in this article, you will find some interesting and unexpected facts about the Cardano blockchain and token. 

 

1. Cardano Utility Token was Named After the First Female Computer Programmer 

The attention to detail in the development of Cardano is notable, particularly regarding the unique names given to each milestone. The creators were passionate about naming each milestone after famous individuals, such as poets, scientists, and computer programmers. This adds a special touch to the cryptocurrency's foundation and showcases the team's dedication to creating something exceptional.

 

This was when they wanted to give Cardano a name for its native token. They gave it the name ADA. The name of the native token originated from Ada Lovelace, daughter of Lord Byron and a 19th-century mathematician. She is famously considered one of the first programming pioneers in the computing sector. 

 

2. Cardano Got its Name From an Italian 

Like the native token of this crypto project, the main name, Cardano, came from another popular personality. When the project was due to be named, inspiration was taken from the Italian physician and inventor Gerolamo Cardano.

 

During the 1500s, Gerolamo Cardano was considered to be a Renaissance polyglot. The inspiration came because Cardano was popular because he seemed to have solutions to many scientific problems. Since one of the major goals of the Cardano crypto project was to disrupt how things are done in the crypto industry, they named themselves after this famous Italian scientist. 

 

3. Cardano Can be Used to Store School Certificates 

Apart from investors who buy this cryptocurrency solely on Cardano price increase, the cryptocurrency has real-world applications. One can be traced to when Cardano's partnership with the Ethiopian Ministry of Education helped them store the school records of more than 5 million students. 

 

4. Cardano Has Its Wallet

One of the things even some Cardano holders don't know is that the cryptocurrency has its wallet. Many cryptocurrencies can only store their tokens on third-party wallets like Trust Wallet and Coinbase.

 

However, one of the unique things about Cardano is that it has made it simpler for its users to buy and store ADA tokens securely in their wallets. The name is Daedalus Wallet, which is a full-node wallet. The Daedalus wallet has a full copy of the Cardano blockchain in its programming, making verifying transactions and protecting users' funds much easier. Even prominent cryptocurrencies such as Bitcoin and Ethereum do not have this feature. 

 

5. The Founder of Cardano was the Co-founder of Ethereum 

There is a conflict between the founder of Cardano and the co-founder of Ethereum, but only a few people are aware of it. While Vitalik Buterin is commonly recognized as the mastermind behind Ethereum's creation, another individual had a significant role in its development. His name is Charles Hoskinson, and he was part of the team that founded Ethereum.

 

However, due to a disagreement with Vitalik Buterin, he stepped away from the Ethereum team and went on to establish Cardano. The disagreement centered on the commercialization of Ethereum, which Hoskinson supported, but Buterin wanted to keep it non-profit. As a result, Buterin expelled Hoskinson from the team in 2014, and Hoskinson founded Cardano in 2015.

 

6. Cardano is Eco-friendly 

You rarely hear of eco-friendly cryptocurrencies, which is where Cardano stands out. Since its creation, the major goal of Cardano's utility and function was to be different from other cryptocurrencies. The amount of energy Cardano uses yearly is very low compared to many other prominent cryptocurrencies like Bitcoin and Ethereum.

 

Cardano uses Six-gigawatt hours of energy annually, while Bitcoin and Ethereum use 130 terawatt and 50 terawatt hours, respectively. To put it in a better perspective, Bitcoin uses the amount of energy of more than 45 million people, while Cardano uses that of only about 600 U.S. homes.

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