Cardano (ADA) Price, Chart, Marketcap

Cardano
ADA

-3.62%

$ 0.500363
0.00000754 BTC
Marketcap
$ 17,659,230,124
Volume (24h)
$ 395,255,490
Circulating Supply
35,310,891,231 ADA
Total Supply
45,000,000,000 ADA

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Cardano (ADA) Price Chart


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* Currency in USD
Historical Price for Cardano
DateOpenCloseHighLowVolume
Cardano Markets
#SourcePairVolumePriceChangeUpdated

Cardano (ADA) Convertor

ADA

Cardano (ADA) Price Change

Cardano (ADA) is a cryptocurrency with a price of $ 0.500363 and marketcap of $ 17,659,230,124. Cardano (ADA) price has decreased -3.62% in the last 24 hours. It ranks 11 amongst all cryptocurrencies with daily volume of $ 395,255,490.

Cardano (ADA) Price History

* Currency in USD
Historical Price for Cardano
DateOpenCloseHighLowVolume

ADA is a crypto coin running on Cardano Settlement Layer (CSL) blockchain, the first and most secure blockchain based on Proof of stake mechanism validating the transactions. Cardano team calls their proof of stake mechanism Ouroboros. Unlike Proof of Work, where miners invest energy intensive computing power to mine each block, proof of stake chooses a random miner based on the size of the stake (value). In order to generate or mint a new block, a slot leader is chosen with a probability proportional to the amount of coins this node is carrying. So one of ADA's advantages over Bitcoin, Ethereum and other similar cryptocurrencies is its energy-efficient proof of stake transaction validation system. ADA is flexible like Ethereum due to a second layer Cardano Computational Layer (CCL) which supports decentralized applications and smart contracts.

ADA was initially created by Input Output Hong Kong (IOHK), a blockchain development firm. The project was led by Charles Hoskinson who was a former co-founder of Ethereum, Etereum classic and Bitshares. Presently the ADA team consist of three organizations i.e. Cardano foundation, IOHK, and Emurgo.

The major use of Cardano is the transfer of value. Future development of applications on CCL layer can provide the easy and economical payment solution to service providers such as Uber, Upwork, and alike.


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