Cardano ($ADA) is an open-source decentralized blockchain platform developed by the IOHK engineering team led by the co-founder Charles Hoeskison. The project had a successful launch in 2015 and since then has been a highly sought-after cryptocurrency by investors. It allows its users to create, send and receive transactions and also smart contracts without any third-party intermediary. As of April 2021, Cardano's market cap is over $13.2 billion and its successful run is attributed to its unique features, characteristics and its goal of becoming the world's major financial operating system.

One of the main reasons behind Cardano’s success is its advanced scalability, interoperability and sustainability. Its scalability allows it to support millions of users and allows them to handle a variety of transactions, such as those related to accounting, insurance, and banking in a secure and efficient way. Cardano’s interoperability makes it easy to create secure connections with different existing ledgers, such as Ethereum and Bitcoin. Additionally, its sustainable protocol design makes it future proof and slows down the blockchain bloat. Furthermore, Cardano is a proof of stake network, which leads to a more secure network compared to proof-of-work networks.

Another element of Cardano's success is its team. Founded by the co-founder of Ethereum, Charles Hoskinson, the IOHK team has the expertise to identify the needs and pressing problems of the blockchain world and address them with the latest technological advancements. For example, its commitment to being a research-driven blockchain platform has made it a go-to platform for educational institutions and research organisations.

Finally, Cardano's active community of dedicated advocates and contributors helps to spread its success and also to bring unique perspectives and innovative solutions for the ongoing development of its protocol. The strong sense of community and drive to keep Cardano's vision alive makes it one of the top cryptocurrencies in the world.

In conclusion, Cardano's $13.2 billion market cap is not just an arbitrary number. Its scalability, interoperability, sustainability, experienced team and strong community are the key factors behind its success and Hoskinson's prediction that nation-states could adopt its smart contract platform in the long-term. Nevertheless, powerful forces might attack Cardano's progress in order to maintain their hierarchical power, thus it is important that Cardano supporters remain vigilant and committed in order to keep Cardano's progress and vision intact.



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