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The Cardano network was founded in 2015 by "Charles Hoskinson", one of the co-founders of the Ethereum network, and is named after the Italian mathematician "Gerolamo Cardano".

The public blockchain platform was launched in September 2017 with the aim of modernizing and improving existing financial systems to make them more accessible, efficient, and equitable, and to provide a comprehensive range of financial services for both developed and developing regions, ensuring equal financial access for all. The Cardano network aims to address the key challenges identified by "Hoskinson" with digital currencies: scalability, interoperability, and sustainability.

The digital currency system has evolved significantly with each generation. Bitcoin, the first pioneer, established the concept of decentralized digital currency and is often compared to digital gold due to its limited supply. However, it faces challenges in scaling its network. Ethereum, the second generation, partially addressed the scalability issue and introduced smart contracts, which are programmable functions that expanded the capabilities of digital currencies. Despite these capabilities, the original Ethereum currency, (Ether), has not yet achieved widespread acceptance as a global currency.