CardanoADA
CardanoRank: # 10
Market Cap: $ 33,556,190,263
Volume (24hrs): $ 2,749,777,459
Circulating Supply: 36,448,472,342 ADA
Price in BTC: Ƀ 0.00000782
Change (1 Hr): 0.04%
Change (7 Days): 12.94%
Change (30 Days): 13.43%
All Time High: $ 3.09
All Time High Date: September 2, 2021
Cardano Coverter:
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$ 0.9211431.33%
Cardano Coverter:
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$ 0.9211431.33%
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- Historical Data
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* Currency in USD
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- Crypto to become UAE’s second-biggest sector in 5 years — Institutional investorCointelegraph.com News - 3 hours agoThe crypto industry is set to experience massive growth in the United Arab Emirates (UAE) due to its pro-tech and business regulations. The crypto sector…
- Blockchain security must localize to stop Asia’s crypto crime waveCointelegraph.com News - 7 hours agoWithout localized risk detection and public–private cooperation, illicit capital will continue to flow unchecked, and trust in the system will collapse. Opinion by: Slava Demchuk,…
- Here’s what happened in crypto todayCointelegraph.com News - 8 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3…
- S&P Dow Jones in talks to bring tokenized indexes to exchanges, DeFi: ExecCointelegraph.com News - 8 hours agoS&P Dow Jones Indices is exploring partnerships with major exchanges, custodians and DeFi protocols to launch tokenized versions of its benchmarks. S&P Dow Jones Indices…
- Ether accumulation heats up: $882M in ETH snapped up by Bitmine, whaleCointelegraph.com News - 10 hours agoBitMine and an unknown whale have acquired nearly $882 million in Ether through major OTC desks and exchange withdrawals in a show of growing institutional…
What is Cardano?
ADA is a crypto coin running on Cardano Settlement Layer (CSL) blockchain, the first and most secure blockchain based on Proof of stake mechanism validating the transactions. 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). In order to generate or mint a new block, a slot leader is chosen with a probability proportional to the amount of coins this node is carrying. So one of ADA's advantages over Bitcoin, Ethereum and other similar cryptocurrencies is its energy-efficient proof of stake transaction validation system. ADA is flexible like Ethereum due to a second layer Cardano Computational Layer (CCL) which supports decentralized applications and smart contracts.
ADA was initially created by Input Output Hong Kong (IOHK), a blockchain development firm. The project was led by Charles Hoskinson who was a former co-founder of Ethereum, Etereum classic and Bitshares. Presently the ADA team consist of three organizations i.e. Cardano foundation, IOHK, and Emurgo.
The major use of Cardano is the transfer of value. Future development of applications on CCL layer can provide the easy and economical payment solution to service providers such as Uber, Upwork, and alike.
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ADA
Cardano
- EUR
- USD
- GBP
- 0,790635 €
- $ 0.921143
- $0.680814