In 2017 the price of bitcoin reached parity with gold (by ounce) which grabbed the attention of gold investors around the world. With the current crypto mania there has been a surge in interest with the concept of gold-backed cryptocurrencies.
Motivation. Cardano is a project that began in 2015 as an effort to change the way cryptocurrencies are designed and developed. The overall focus beyond a particular set of innovations is to provide a more balanced and sustainable ecosystem that better accounts for the needs of its users as well as other systems seeking integration.