The live price of Cardano is - per (ADA / USD) with a current market cap of $26.73B USD. 24-hour trading volume is - USD. ADA to USD price is updated in real-time. Cardano is -% in the last 24 hours with a circulating supply of 35.32B.
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Cardano is a third-generation proof-of-stake blockchain platform, home to the ADA cryptocurrency and the first platform to be developed using an evidence-based approach based on peer-reviewed research. It combines groundbreaking technologies, including a unique two-layer architecture, to provide unparalleled security, scalability, governance, and sustainability for decentralized applications, systems, communities, and a wider audience.
Cardano’s journey began with Charles Hoskinson, a mathematician and entrepreneur who co-founded Ethereum. In 2014, Hoskinson, who had a different vision for the future of Ethereum, began looking for a new direction to overcome the scalability, security, and sustainability challenges facing the current system. To this end, he founded IOHK (Input Output Hong Kong), a technology company focused on blockchain innovation, in 2015.
Cardano’s development is systematically divided into five major phases in its roadmap. The first phase, "Byron," is the foundation of the project and marks the official launch of the Cardano mainnet, as well as two wallets and a block explorer. The next phase, Shelley, focuses on decentralization. It strengthens staking operations, refines delegation preferences, and provides greater incentives for users. Following Shelley, the Goguen phase was launched, which aims to enable everyone to build decentralized applications (dApps) and generate their own tokens. The upcoming Basho phase will improve scalability and interoperability by optimizing the network's underlying performance. The final phase, "Voltaire," will give the community a say in the future development of Cardano through a decentralized voting mechanism.
Cardano (ADA) is the first crypto asset based on peer-reviewed research and is built on the groundbreaking Ouroboros Proof-of-Stake consensus protocol. Cardano (ADA) is developed in the Haskell programming language. As of August 2021, more than 32 million ADA coins are in circulation, with a total supply of 45 million.
The developers position Cardano as a “third generation blockchain”. The main goal of the platform is to implement all the best features of Litecoin, Bitcoin and Ethereum into one cryptocurrency; and to supplement the resulting mixture with many other innovative technologies. Compared to Bitcoin, p2p transactions are faster and cheaper than Litecoin, and smart contracts are better implemented than Ethereum, resulting in a multi-layered, decentralized and flexible system.
The Cardano platform is powered by the ADA coin.
Security
Cardano's cryptocurrency was created in a highly secure programming language called Haskell, which is considered the most secure software language, reducing the risk of critical errors and DDoS attacks.
Strong Ecosystem
Cardano uses an innovative proof-of-stake algorithm called Ouroboros, which is the first method that truly provides security protection for users, as confirmed by scientific research.
Legal Support
Unlike many cryptocurrencies that offer anonymity and sacrifice their reputation (money laundering charges), the Cardano team has a good relationship with governments and regulators (especially in Japan), which until recently condemned the idea of cryptocurrencies.
Official daedalus wallet
It has a staking mechanism with the help of which you can earn money on the storage of ADA.
Limited Supply
The Cardano team has limited the maximum number of ADA tokens to around 45 billion.
Cardano (ADA) is one of the top cryptocurrencies by market capitalization. Hoskinson and the wider Cardano team launched ADA in 2017 with an initial price of $0.02. Cardano did not see much activity in the beginning, but gradually, its native asset gained momentum, reaching a peak of $3.10. Despite this volatility, the platform has managed to build a loyal community of developers and users who believe in its potential.
Cardano’s price history reflects the unpredictable price swings of digital assets and the larger cryptocurrency market. Its future value will depend on a variety of factors.
ADA’s average trading price varies, making price predictions challenging. While some analysts predict that Cardano’s price will rise, others predict that it may remain stable or even fall in the future. Like any cryptocurrency, Cardano’s price is subject to market trends and various factors can influence it.
ADA is the native cryptocurrency of the Cardano blockchain and was created to power its ecosystem. It can be used for a variety of purposes, including paying transaction fees, staking to secure the network, participating in governance, interacting with smart contracts and decentralized applications (DApps), and accessing services such as DeFi protocols and NFT trading markets.
Cardano uses a layered architecture to improve scalability and efficiency. Innovations like Hydra, a second-layer scaling solution, are designed to facilitate high throughput and efficiency for large-scale applications while maintaining security and decentralization.
ADA is primarily used to pay transaction fees in the Cardano network, incentivize users, and block spam. It also powers the network's Proof of Stake (PoS) consensus mechanism, allowing holders to stake their tokens, secure the network, and earn rewards. In addition, holders can use ADA to participate in Cardano's on-chain governance, vote on proposals and influence the future development direction of the platform. In addition to these core functions, ADA also supports access to smart contracts, decentralized finance (DeFi) applications, NFT trading markets, and various services in the Cardano ecosystem.
No, Cardano (ADA) cannot be obtained through traditional mining. Cardano uses a proof-of-stake (PoS) consensus mechanism called Ouroboros, which does not require the energy-intensive mining process required by systems such as Bitcoin that use proof-of-work (PoW). Instead of mining, ADA holders can "stake" their tokens to participate in the network operation and receive rewards.
Like most digital currencies, the price of Cardano is susceptible to price trends in the larger crypto market. This means that in a bullish cycle, the price of Cardano will increase, while in a bearish market, the price of Cardano will decrease.
In addition to market trends, the price of Cardano is also affected by factors such as network upgrades and positive or negative news surrounding the network.
At EUREX, we recommend that you research any cryptocurrency before investing objectively. Cryptocurrencies are considered a high-risk asset and are prone to large price fluctuations. Therefore, we want you to only invest in assets that you are willing to take the risk of.
Like all cryptocurrencies, Cardano is volatile and carries investment risks. Therefore, before investing in Cardano, you should do your own research (DYOR) and assess your risk appetite.
Cardano aims to build an innovative blockchain platform that is secure and scalable. Users can stake its native cryptocurrency ADA to help secure its network while earning rewards. The platform uses a two-tier architecture that runs transaction processing and smart contract functions independently for greater efficiency and flexibility. Cardano uses the Ouroboros consensus protocol, a proof-of-stake mechanism, to ensure fair and secure block production. It also supports the creation of smart contracts and decentralized applications (DApps), and its infrastructure is ready for developers to build on. Community governance is another cornerstone of the platform, enabling ADA holders to participate in decision-making through voting. Combined with the above features, Cardano is a powerful scalable platform with the potential to transform multiple industries.
Cardano was founded by Charles Hoskinson. He is a mathematician and entrepreneur, and one of the co-founders of Ethereum. He envisioned Cardano as a blockchain platform focused on scalability, security, and sustainability, and founded IOHK (Input Output Hong Kong) in 2015 to develop the project.
Cardano is very secure. Cryptocurrencies are encrypted using cryptography, which means that Cardano transactions cannot be tampered with.
ADA tokens have a maximum supply of 45 billion and a circulating supply of 35.11 billion. No new tokens will be issued after this number is reached, regardless of how the currency evolves.
Bitcoin uses a proof-of-work (PoW) consensus mechanism that requires miners to use computers to solve complex mathematical problems, which makes the whole process energy-intensive. However, miners who solve the problem can verify transactions and create a block, and are rewarded with BTC.
But the PoS consensus mechanism used by Cardano is several times less energy-intensive. In fact, according to Hoskinson's estimates, Cardano's energy usage is 0.01% of Bitcoin's. This is why Cardano is sometimes called a "green blockchain," even though many competitors claim it is more sustainable.
You can buy ADA directly from Binance using a debit or credit card. You can also use ADA to trade other cryptocurrencies on Binance. ADA prices are updated in real time on Binance.
The Cardano to other currencies exchange rate?
