ADA/MYR: Convert Cardano (ADA) to Malaysian Ringgit (MYR)

Cardano (ADA) is a proof-of-stake blockchain platform that aims to empower innovators and visionaries to bring about positive global change. Named after the 16th-century Italian polymath Gerolamo Cardano, it was founded in 2017 with the goal of creating a more secure, transparent, and fair society. The native ADA token, named after the 19th-century mathematician Ada Lovelace, is designed to allow owners to participate in the operation of the network. Cardano's technology seeks to enable the development of decentralized apps and smart contracts with modularity.

Cardano operates on a proof-of-stake consensus mechanism, which is less energy-intensive than the proof-of-work algorithm used by other blockchains. The platform's technology undergoes a process of peer-reviewed research, ensuring that ideas can be challenged before they are validated. This academic rigor helps the blockchain to be durable and stable. Cardano's ADA token allows owners to vote on any proposed changes to the software, contributing to the operation of the network. The platform also introduced the Alonzo hard fork in 2021, which brought smart contract functionality to the blockchain.

Cardano's technology has already found compelling use cases in various sectors. For instance, agricultural companies use Cardano to track fresh produce from field to fork. Other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods. With the introduction of the Alonzo hard fork, users can now develop and deploy smart contracts on Cardano, allowing native decentralized applications (DApps) to be built on the blockchain.

Cardano was founded by Charles Hoskinson, one of the co-founders of the Ethereum network. He is the CEO of IOHK, the company that built Cardano’s blockchain. Cardano was launched in 2017 and has since undergone several upgrades, including the Shelley upgrade in 2020 that aimed to make its blockchain more decentralized. In 2021, the Alonzo hard fork was launched, bringing smart contract functionality to the blockchain. Cardano's ADA token has seen significant growth since its pre-launch sale, reflecting the platform's ongoing development and increasing adoption.