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Cardano

Cardano (ADA)

$ 0.25
-2.79 %
Main info
News
Comments
Markets
Analytics
Market cap
$9.28B
-2.79 %
Volume (24h)
$261.43M
-2.79 %
Circulating supply
35,800,453,490 ADA
Total supply
35,983,607,756 ADA
Max. supply
45,000,000,000 ADA

About Cardano

Introduction and Goals

The Cardano project was launched in September 2017. The goal of the project is to become a better platform for smart contracts than the Ethereum. The developers believe that Cardano is a third-generation blockchain, belonging to the second generation of Ethereum, and the first Bitcoin.

Technology and Development

To program decentralized applications on the Cardano blockchain, the rare Plutus language is used. The open-source software Cardano is written in Haskell. The development of the Cardano project is going according to plan. Cardano as Ethereum in many aspects, but it is not a token based on Ethereum.

The cardano network uses ada cryptocurrency. All 45 billion ada coins were created simultaneously. There are just under 26 billion coins in circulation. Transactions are made quickly, and program code updates are issued regularly.

Initially, the project called cardano has modularity.

This allows us to separate the payments of the cryptocurrency cardano and the layer of "smart contracts" and decentralized applications. Cardano software modules can be easily changed without affecting payments with ada cryptocurrency.

Funding and Support

The cardano fund is designed to finance promising developments. Also, the cardano fund is engaged in standardization, technical support of users and communication with financial regulators.

Availability and Future Plans

Cardano ada coins are available for purchase at all major cryptocurrency exchanges. To store the cryptocurrency cardano should be downloaded from the software wallet from the official website. Hardware wallets are also expected to be supported by cardano and ada cryptocurrencies.

The organizers of the project, called cardano, are going to improve the scalability, stability and controllability of blockchain. Their goal is for users to stop thinking that Cardano is an Ethereum, and to view the cardano as a third-generation blockchain.

Key data

updated $0
Market cap$9.28B
Volume 24h$261.43M
Circulating supply35.8B80% of max 45B
All-time high$3.09-92% from peak · 2021-09-01

Cardano (ADA) is a blockchain platform designed for smart contracts and decentralized applications. It uses a Proof-of-Stake (PoS) consensus mechanism, making it energy-efficient compared to Proof-of-Work systems. ADA is its native cryptocurrency, used for transactions and staking on the network.

Frequently asked questions

What is Cardano and how is it different?

Cardano is a blockchain platform focused on scalability, sustainability, and security. Unlike Bitcoin, it uses Proof-of-Stake (PoS) for consensus, reducing energy consumption and enabling faster transactions.

How does Cardano's technology work?

Cardano uses a layered architecture: the Cardano Settlement Layer (CSL) handles transactions, while the Cardano Computation Layer (CCL) supports smart contracts. Its PoS mechanism, Ouroboros, ensures network security and efficiency.

How is ADA coin emission structured?

ADA has a fixed maximum supply of 45 billion coins. New coins are minted through staking, where users delegate their ADA to validators to earn rewards and secure the network.

How can I store and use ADA?

ADA can be stored in official wallets like Daedalus or Yoroi. It’s used for transactions, staking, and participating in Cardano’s decentralized applications and governance.