Cardano
CardanoRank: # 13
Market Cap: $ 10,087,916,613
Volume (24hrs): $ 340,627,230
Circulating Supply: 36,806,739,541 ADA
Price in BTC: Ƀ 0.00000408
Change (1 Hr): 0.12%
Change (7 Days): 4.29%
Change (30 Days): -23.40%
All Time High: $ 3.09
All Time High Date: September 2, 2021
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- Historical Data
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- News
| Date | Open | Close | High | Low | Volume |
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| # | Source | Pair | Volume | Price | Change | Updated |
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- Bitcoin options market structure leans toward $60K retest in FebruaryCointelegraph.com News - 4 hours agoBitcoin may stay capped under $70,000 as traders deploy bearish options strategies, and spot BTC ETF outflows point to a retest of the yearly low.Key…
- Kraken’s xStocks tops $25B in volume with more than 80K onchain holdersCointelegraph.com News - 5 hours agoBlockchain-based versions of US stocks are drawing growing investor activity, with onchain wallets and cross-venue trading expanding rapidly.Kraken’s tokenized equities platform, xStocks, has surpassed $25…
- Bitcoin Lightning Network exceeds $1B in monthly volume: ReportCointelegraph.com News - 5 hours agoAnalysis by Bitcoin services company River forecasts a transaction surge as individuals and businesses experiment with AI agentic payments.Monthly transaction volume on the Bitcoin (BTC)…
- Bitcoin’s monthly losses break records, but history says a turnaround is brewingCointelegraph.com News - 5 hours agoBitcoin is on course to lock in another negative month, but one analyst says major differences in the current market structure could be a sign…
- SEC leaders seek to clarify how tokenized securities interact with existing regulationCointelegraph.com News - 5 hours agoPaul Atkins and Hester Peirce spoke at ETHDenver on Wednesday on the future of regulation at the SEC and its response to crypto market volatility.Paul…
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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