Cardano (ADA) is a decentralized platform that will allow complex programmable transfers of value in a secure and scalable fashion. Development started in 2015, and it then raised around $60 million in an ICO in 2017 before its release. It is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. The development team consists of a large global collective of expert engineers and researchers. It also plans to use a democratic governance system that allows the project to evolve over time, and fund itself sustainably through a treasury system.