Cardano (ADA), founded in 2017 by Ethereum co-founder Charles Hoskinson, is a third-generation blockchain focused on scalability, sustainability, and interoperability. It stands out for its academic, research-driven approach and formally verified code, aiming to provide robust infrastructure for decentralized applications.
Cardano (ADA) Crypto Exchange
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ADA coin Market Data
Cardano (ADA) market information
Cardano Price is $0.8811. Its current circulating supply is ada 44,994,781,454 with a market cap of $31,534,832,589.78.
PRICE
$ 0.8811
MARKET CAP
$ 31,534,832,589.78
24h % PRICE
2.26 %
24H VOLUME
$ 1,272,435,928.17
7d % PRICE
2.06 %
COIN SUPPLY
44,994,781,454 ADA
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What is ADA crypto?
Cardano is a blockchain platform that facilitates the creation of dApps and tokens, and can also be used for peer-to-peer transactions. It was launched in 2015 by a company named Input-Output Hong Kong (IOHK) and aimed to resolve the blockchain trilemma: scalability, interoperability, and sustainability.
Cardano project was initially issued by Charles Hoskinson, the co-founder of Ethereum. He was the one who realized that the Proof-of-Work algorithm, which underpins such blockchains as Bitcoin and Ethereum, possesses many restrictions and weak spots, like scalability and sustainability. That’s why the Cardano network uses the Ouroboros algorithm, based on the Proof-of-Stake protocol. The native coin of this blockchain is ADA. It can be used not only for transfer of value, as fiat, or any other cryptocurrency but also for staking — helping “stake pool operators” to verify transactions within the network and sign blocks.
In 2022, a proposal for the Vasil hard fork was submitted and is planned to be implemented in June. The Vasil protocol is expected to provide the network with cheaper transactions and a more adaptable network. Efficiency is also expected to be improved with the help of Plutus scripts.
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