CardanoADA
$ 0.389084
0.00001712 BTC
Marketcap
$ 13,637,124,674
Volume (24h)
$ 375,583,635
Circulating Supply
35,045,020,830 ADA
Total Supply
45,000,000,000 ADA
Cardano price history
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* Currency in USD
| Date | Open | Close | High | Low | Volume |
|---|
| # | Source | Pair | Volume | Price | Change | Updated |
|---|
- Ledger Nano S Plus review – #1 crypto wallet you needcrypto.ro/en - 1 day ago[toc] In April 2022, Ledger released its latest and most innovative hardware wallet to date, the Ledger Nano S Plus. This model is a more…
- Revolut helps customers put their crypto to work and earn rewards with Stakingcrypto.ro/en - 1 day agoRevolut continues to expand its crypto portfolio with a new feature aimed at rewarding customers – Staking The new feature, available for customers in the…
- How DEXs Can Surpass CEXs by Uniswap Labscrypto.ro/en - 2 days agoCrypto exchanges are marketplaces that allow buyers and sellers to trade cryptocurrencies and other digital assets. There are two categories of exchanges: Centralized Exchanges (CEX):…
- Fact v.s. FUD – on-chain analytics in a bear market by Nansencrypto.ro/en - 5 days agoThe crypto industry is largely defined by extremes. The abundant warmth of DeFi Summer v.s. the enduring cold of the crypto winter; euphoric dogcoin flippers…
- VCs — A new way forward? – Dragonflycrypto.ro/en - 6 days agoIn November 2022, the crypto industry suffered arguably the biggest shock of the year, when the Bahamas-based cryptocurrency exchange FTX collapsed following the major mismanagement…
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What is Cardano?
ADA is a cryptocurrency that runs on the Cardano Settlement Layer (CSL) blockchain, the first and most secure blockchain based on the Proof of Stake mechanism that validates transactions. The Cardano team calls their proof of stake mechanism Ouroboros. Unlike Proof of Work, where miners invest energy-intensive computing power to mine each block, Proof of Stake chooses a random miner based on the size of the stake (value). To generate or create a new block, a slot leader is chosen with a probability proportional to the amount of coins this node carries. So, one of ADA's advantages over Bitcoin, Ethereum, and other similar cryptocurrencies is its energy-efficient staking transaction validation system. ADA is flexible like Ethereum thanks to the second Cardano Computational Layer (CCL) which supports decentralized applications and smart contracts.
ADA was originally created by Input Output Hong Kong (IOHK), a blockchain development firm. The project was led by Charles Hoskinson, former co-founder of Ethereum, Ethereum classic and Bitshares. Currently, the ADA team consists of three organizations, i.e. Cardano foundation, IOHK and Emurgo.
The major use of Cardano is the transfer of value. Future application development on CCL layer can provide easy and economical payment solution to service providers like Uber, Upwork and alike.
