Cardano
CardanoRank: # 18
Market Cap: $ 6,079,113,127
Volume (24hrs): $ 507,177,760
Circulating Supply: 37,160,010,596 ADA
Price in BTC: Ƀ 0.00000263
Change (1 Hr): 0.62%
Change (7 Days): -30.07%
Change (30 Days): -39.23%
All Time High: $ 3.09
All Time High Date: September 2, 2021
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- Bitcoin most oversold since 2020 crash: Can BTC rebound to $70K next?Cointelegraph.com News - 1 day agoBitcoin’s latest oversold RSI mirrors 2020 and February 2026 setups that preceded 50% and 30% rebounds, putting $70K back in focus.Bitcoin (BTC) is now flashing…
- ETH falls to 13-month low on Zcash bug news and Bitcoin drop to sub-$60K: Is $1.4K next?Cointelegraph.com News - 1 day agoETH price crashed below $1,600 as a vulnerability in Zcash emerged and Bitcoin sold off below $60,000 for the first time in months. Key takeaways:Ether…
- Travala lets AI agents book hotels with USDC on BaseCointelegraph.com News - 1 day agoTravala’s new protocol lets AI agents search and book hotels with USDC on Base, but travelers still approve the final payment.Singapore-based crypto travel platform Travala…
- Crypto tax proposals weighed ahead of Tuesday House hearingCointelegraph.com News - 1 day agoAmong the issues US lawmakers are expected to discuss in a digital asset taxation hearing are “de minimis” reporting exceptions for crypto transactions.The US House…
- Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing?Cointelegraph.com News - 1 day agoBitcoin bears piled into short positions as BTC price slid to $60,000. Will the $2.6 billion in short leverage lead to an upside squeeze? Key…
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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