Cardano ADA
Exchanges
| # | Exchange | Pair | Price | 24h volume | Confidence |
|---|---|---|---|---|---|
Information about ADA
Cardano is a third-generation blockchain platform that supports the development of decentralized applications (dApps) and smart contracts. What makes the platform unique is its development of the project by academics from top worldwide universities, including Charles Hoskins, a lecturer at the University of Edinburgh. Before implementing new updates to Cardano’s ecosystem, all of them undergo academic peer review at international conferences. By using peer-reviewed code and a scientific approach, Cardano ensures that its system is built to address the blockchain challenges of security, scalability, and decentralization.
The blockchain has a native token called ADA, named after one of the world's first programmers—Ada Lovelace. ADA currently has a market capitalization of $14.3B and its trading volume has reached $95.09M in the last 24 hours; which indicates a high demand from users and investors. Holding ADA tokens is a great advantage because it gives you the opportunity to participate in network changes by voting. The Cardano blockchain is designed with strong security and uses smart contracts, so this cryptocurrency has good utility.
FAQ
Cardano can be considered a good investment since it uses a scientific approach and has a stable ecosystem. However, its success depends on network development and demand for ADA. The project continues to grow, and its price tends to rise over time, despite fluctuations. This makes Cardano a great option for new investors entering the crypto market who aren’t ready to commit large sums yet. At the same time, ADA remains a smart choice for traders looking to diversify their portfolios.
The circulating supply is constantly increasing, but the total supply is fixed at 45 billion coins, so ADA can't be strictly classified as either inflationary or deflationary.
What makes Cardano unique is its scientific approach and the use of the Proof-of-Stake (PoS) consensus mechanism, known as Ouroboros. It is less energy-intensive than Proof-of-Work (PoW) and is characterized by its faster transaction processing speed. This is due to the separation of chains into epochs and slots, which increases the scale of the network and allows multiple transactions to take place at the same time.
Cardano is used to provide secure, scalable, and resilient solutions for decentralized finance (DeFi), smart contracts, and asset tokenization. Typically, ADA tokens are used to pay transaction fees. Furthermore, Cardano holders have the right to vote for any changes to the network.
Trending coins(24h %)
Do more with Cryptomus
Refer & earn
Take the opportunity to earn from everyone you refer.
Awards Hub
Join activities and earn attractive rewards in Awards Hub.