Market

Cardano

Cardano

ADA

€0.3024

-1.23%

24H

ALL

Market data

Market cap

€10.86B

Rank

#10

24H volume

€388.56M

Circulating supply

35.93B ADA

80% of total

All-time high

€2.56

-748.06%

All-time low

€0.02

93.86%

Total supply

44.99B ADA

Max supply

45B ADA

Cardano latest news

Reddit followers

691,348

Cardano (ADA)'s X-Mas Surprise | Cardano Rumor Rundown #764 - Army of Spies

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10 hrs ago

Cardano (ADA)'s X-Mas Surprise | Cardano Rumor Rundown #764

Youtube Video

10 hrs ago

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What is Cardano?

Cardano is a decentralized, public blockchain and cryptocurrency project that is fully open-source. It is the first blockchain platform to be developed from a scientific philosophy and a research-driven, peer-reviewed approach. Cardano is building a smart contract platform that aims to enable secure and scalable transfers of value. The network uses a democratic governance system that allows it to evolve over time and sustain itself through a treasury system. This design also allows for upgrades through soft forks, ensuring the project can adapt and evolve.

A brief history of Cardano

Cardano was founded in 2015 by Charles Hoskinson, a co-founder of Ethereum. His goal was to create a "more balanced and sustainable ecosystem" for cryptocurrencies. The project is supported by three entities: IOHK (Input Output Hong Kong), the Cardano Foundation, and Emurgo. Cardano is often described as a "third-generation" blockchain, building upon the foundations of Bitcoin (first-generation) and Ethereum (second-generation). The network is named after the Italian Renaissance mathematician Gerolamo Cardano, while its native cryptocurrency, ADA, is named after Ada Lovelace, a 19th-century mathematician often regarded as the first computer programmer.

How Cardano works

Cardano uses a unique Proof of Stake (PoS) system called Ouroboros, which is the first peer-reviewed, verifiably-secure PoS protocol. The protocol is built on the highly secure Haskell programming language. Cardano's architecture is a multi-layered protocol designed to be flexible and scalable. It has a settlement layer for transacting and a separate control layer for executing smart contracts. This layered approach allows the protocol to perform advanced functions while also allowing for future upgrades.

What is Cardano used for?

The native cryptocurrency on the Cardano blockchain is ADA. ADA holders can use the token to transfer money and pay for goods and services. It is also the native token used for applications built on the Cardano blockchain. Furthermore, ADA is used for staking, where holders can delegate their tokens to stake pools to help validate transactions and secure the network in exchange for rewards. ADA is also integral to the project's decentralized governance system, allowing token holders to vote on proposals for the network's development.