

Rank: # 9
Market Cap: $ 23,444,057,061
Volume (24hrs): $ 1,078,213,198
Circulating Supply: 35,988,173,820 ADA
Price in BTC: Ƀ 0.00000780
Change (1 Hr): -0.77%
Change (7 Days): -12.18%
Change (30 Days): -17.71%
All Time High: $ 3.09
All Time High Date: September 2, 2021
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Cardano Coverter:
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# | Source | Pair | Volume | Price | Change | Updated |
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- US House committee passes stablecoin-regulating STABLE ActCointelegraph.com News - 7 minutes agoThe US House Financial Services Committee has passed a stablecoin framework bill, the STABLE Act, which will now head to a full House vote. The…
- DDoS attacks now a dominant means of waging political cyber-warfareCointelegraph.com News - 48 minutes agoDistributed denial-of-service attacks are “more powerful than ever,” with AI helping automate tasks and bypass CAPTCHA systems, according to Netscout researchers. Distributed denial-of-service (DDoS) attacks…
- Elon Musk’s Neuralink seeks patients globally to try its brain chipsCointelegraph.com News - 1 hour agoNeuralink has put out a global call for patients willing to test drive its brain chips, which allow people to control computers with just their…
- ‘National emergency’ as Trump’s tariffs dent crypto pricesCointelegraph.com News - 2 hours agoA crypto investment specialist at crypto asset manager 21Shares told Cointelegraph that while markets experienced significant volatility, the tariff clarity could be a good thing…
- Former New York governor advised OKX over $505M federal probe: ReportCointelegraph.com News - 4 hours agoFormer New York Governor Andrew Cuomo reportedly advised OKX on legal issues stemming from a probe into its prior violations of US Anti-Money Laundering laws.…
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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