Cardano operates as a proof-of-stake blockchain platform with a stated mission to empower "changemakers, innovators, and visionaries" to enact positive global transformations. The open-source initiative also endeavors to "shift power from unaccountable structures to individuals at the margins," striving to foster a more secure, transparent, and equitable society. Established in 2017, Cardano derives its name from the 16th-century Italian polymath Gerolamo Cardano. Its native token, ADA, is named in honor of Ada Lovelace, a prominent mathematician from the 19th century often recognized as the first computer programmer. ADA token holders are vested with the ability to participate in network governance, granting them voting rights over proposed software modifications. The project's development team emphasizes the platform's versatility, with a focus on enabling the creation of decentralized applications (dApps) and smart contracts through modular design principles. In August 2021, the launch of the Alonzo hard fork, announced by Charles Hoskinson, propelled a significant surge in Cardano's price, resulting in a 116% increase over the subsequent month. On September 12, 2021, the Cardano 'Alonzo' hard fork was officially implemented, introducing smart contract capabilities to the blockchain. Within the first 24 hours following the launch, over 100 smart contracts were deployed. Cardano finds application in various sectors, such as agriculture, where it facilitates the traceability of fresh produce from cultivation to consumption. Additionally, educational credentials can be securely stored on the platform, while retailers leverage Cardano-based solutions to combat counterfeit products.