Cardano is a Proof of Stake (PoS) blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. The idea of Cardano emerged in 2014 when Charles Hoskinson, one of the co-founders of Ethereum, started working on finding a middle ground between the need for regulation and the decentralization principle of blockchain technology. It is a layered blockchain that exists to redistribute power from unaccountable structures to the margins – to individuals – and be an enabling force for positive change and progress.

One of the main reasons for buying ADA is its extremely passionate and supportive community that believes in the project. The fact that one of the co-founders created Cardano ensures that it was developed with a vision that it would provide a better platform to the users as compared to Ethereum. The fact that it is a PoS indicated that the token holders will also get staking rewards for holding the tokens.