Happy Birthday Cardano
The Cardano blockchain officially turned 5 years old in September 2022.
Since the production of the genesis block of the Cardano blockchain five years ago, Cardano has grown rapidly to become one of the largest blockchain networks by market capitalization with an expanding global community.
EMURGO – the official commercial arm and a founding entity of the Cardano blockchain – and its Cardano ecosystem partners Input Output Global (IOG) and Cardano Foundation are excited to commemorate this special milestone and look forward to the next five years and beyond to see what’s in store for Cardano.
With the recent Vasil hard fork upgrade to improve Cardano scalability and the developer experience, Cardano continues to improve the network to onboard new users, developers, and Web3 projects to its ecosystem.
Some Cardano facts & figures since 2017
Cardano is an open-source blockchain network, built to provide accessible economic services to all by providing a platform for hosting decentralized applications for finance, identity, digital property, data, and more.
Cardano is one of the largest proof-of-stake and decentralized blockchain networks, that is designed using engineering best practices, and peer-reviewed methodologies, and to be environmentally sustainable from inception.
The Cardano blockchain has a native cryptocurrency ADA that is utilized as an incentive to secure its open network through staking and which can also be used to transfer value peer-to-peer for NFTs, DeFi, and other transaction types.
Cardano offers self-custodial staking through personal wallets such as Yoroi, meaning ADA holders can stake their ADA for rewards as well as retain full control to unstake and move their ADA at any time.
Some Cardano facts and figures as of September 2022
- ~24 billion ADA staked (~75% of total ADA circulating supply)
- More than 50 million transactions
- 6.1 million native tokens on ADA
- More than 3.8 million ADA wallet addresses globally
- ~3,200 Cardano stake pool operators (SPOs)
- 1,100 projects building on Cardano
- Nearly 100 projects launched on Cardano
EMURGO: Strengthening Cardano Adoption
Headquartered in Singapore, EMURGO also has offices in Indonesia, India, the US, the Middle East, and Africa.
EMURGO’s mission is to make Cardano the most adopted blockchain network by developers and users to provide socially impactful solutions on Cardano.
To achieve this mission, EMURGO:
- Provides venture capital to Web3 and blockchain startups that build solutions demonstrating synergy with Cardano through its investment arms EMURGO Ventures and EMURGO Africa
- Educates and trains new Cardano developers to build solutions on Cardano through its education unit EMURGO Academy
- Forges strategic partnerships to help identify potential Web3 investment opportunities that can bring value to Cardano
- Directly builds products and services for the Cardano community such as Cardano’s first light wallet Yoroi Wallet
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