Cardano (ADA) is a decentralized public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach.
The development team consists of a global collective of expert engineers and researchers. The Cardano project is backed by IOHK (Input Output Hong Kong), one of the largest cryptocurrency organizations in the world, and Emurgo, a Japanese blockchain venture studio.
Coinbase, one of the most popular cryptocurrency exchanges in the United States, is currently exploring the addition of five new digital assets to its platform. These assets are Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX).
While nothing has been officially announced by Coinbase, the news has sent shockwaves throughout the cryptocurrency community, as the addition of these assets would greatly increase the exposure of these projects to a wider audience.
Cardano, in particular, has seen a significant price increase since news of Coinbase’s exploration broke. This is likely due to the fact that Cardano is one of the most well-regarded projects in the cryptocurrency space, and its addition to Coinbase would be a major coup for the project.
While nothing is certain at this point, it seems increasingly likely that Cardano will soon be added to Coinbase, which would be a major boost for the project.