Total Coins: 3187
Total Market Cap: $ 17,108,792,331,866
24H Trade Volume: $ 5,748,498,878
Cardano (ADA)
ADA
$ 0.08063 ( -2.73%)
Mkt. Cap.
$ 2.09 B
Vol. 24H
ADA 377.14 K ($ 30,762.509)
Open 24h
$ 0.08289
Low/High 24h
$ 0.0781 - $ 0.08434
Last trade
ADA 519.300 ($ 42.139) / Exmo

Charts price for Cardano (ADA)

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Description of Cardano (ADA)

Cardano Origin

Release date: ICO 2015.

Three organizations are working together in order to drive Cardano to completion. The Cardano foundation, Input Output Hong Kong (IOHK), and Emurgo. It’s worth mentioning that Charles Hoskinson, the CEO of IOHK, as well as the previous CEO of Ethereum is actively involved in the development of the Cardano Network.

Cardano Functionality

 The main purpose of Cardano is to utilize what is offered by Blockchain technology to bring distributed banking and financial systems to locations where such classical infrastructures are a challenge to implement. Primarily developing world regions.

 Cardano is actively being developed by a group of scientist and researchers who are no strangers to Blockchain technology. The end goal of the project is to combine the best of Bitcoin, Litecoin, and Ethereum to provide lightning fast transactions, store of value, and smart contract deployment in one cryptocurrency.

 

Within its ecosystem, Cardano has a wallet, known as Daedalus. Which is an open sourced cryptocurrency wallet which will eventually have support for multiple digital assets which can be exchanged between one another. Daedalus will also have an application store, allowing users to purchase apps created by the Dadealus wallet community.

 

Cardano runs on a consensus algorithm, known as the Ouroboros Proof-of-Stake (PoS) algorithm. Through which slot leaders can generate new blocks in the Cardano Blockchain. Anyone in possession of ADA coins can assist in the transaction verification process.

 

Another interesting thing regarding Cardano is the length of its ICO, which carried on for a whole two years (2015-2017). ADA initially hit crypto exchanges in October. And has since then solidified its position as a top 10 cryptocurrency based on market capitalization. Fluctuating between 3 to 5 billion USD.