Cardano
CardanoRank: # 12
Market Cap: $ 10,521,427,273
Volume (24hrs): $ 746,039,181
Circulating Supply: 36,787,594,678 ADA
Price in BTC: Ƀ 0.00000388
Change (1 Hr): -0.52%
Change (7 Days): -19.96%
Change (30 Days): -29.17%
All Time High: $ 3.09
All Time High Date: September 2, 2021
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| Date | Open | Close | High | Low | Volume |
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- Polymarket, Kalshi clash over groceries as prediction markets boomCointelegraph.com News - 11 hours agoThe grocery giveaways come as Kalshi and Polymarket continue to top overall prediction market trading volumes, which are now consistently above $400 million per day.Two…
- Stablecoin ‘dust’ txs on Ethereum triple post-Fusaka: Coin MetricsCointelegraph.com News - 12 hours agoAnalysis of 227 million USDC and USDT balance updates found that 43% were dust transfers under $1, said Coin Metrics.Stablecoin-fueled dusting attacks are now estimated…
- Crypto dev launches website for agentic AI to ‘rent a human’Cointelegraph.com News - 12 hours agoThe site lets users set an hourly rate for tasks from errands to business meetings. It was built using AI agents in a “Ralph loop,”…
- Kraken parent Payward revenues jump 33% as crypto traders pile inCointelegraph.com News - 13 hours agoKraken co-CEO Arjun Sethi said Payward’s revenues were “well balanced” in 2025, split almost evenly between trading and asset-based revenues.Crypto exchange Kraken’s parent company, Payward,…
- Vitalik Buterin tempers vision for ETH L2s, pushes native rollupsCointelegraph.com News - 14 hours agoThe Ethereum co-founder said many layer‑2s have failed to decentralize and continue to be mediated by multisig bridges instead of inheriting Ethereum’s security advantages.Ethereum co-founder…
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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