Leading digital asset manager Grayscale today launched the popular altcoin Cardano, which includes assets with large market caps. Grayscale Digital Large Cap Fund announced the addition of the fund.

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The company made a statement on its official Twitter account today. In the announcement where the components of the Large Cap fund were announced, it was stated that Cardano was also added to the fund. Cardano now ranks as the fund’s third-largest asset. As of July 1, the components of the fund were announced as 67.47% Bitcoin (BTC), 25.39% Ethereum (ETH), 4.26% Cardano (ADA), 1.03% Bitcoin Cash (BCH), 0.99% Litecoin.

In the published announcement, the following statements were made about Cardano:

“Cardano is a smart contract platform created by Ethereum co-founder Charles Hoskinson. Drawing on academic research, Cardano aims to improve the scalability, security, and efficiency of Ethereum by using a new proof-of-stake (PoS) consensus mechanism called Ouroboros. ADA is the native token of the Cardano network that allows holders to engage in peer-to-peer transactions and receive a stake as collateral to contribute to the network’s consensus mechanism.”