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Track Cardano (ADA) price alerts

ADA Price Chart

12:23, December 5, 2024 0
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ADA Price Live Data ( Cardano )

ADA is gaining momentum this week

As of today, according to the TabTrader Converter, Cardano is valued at $1.193189, with a 24-hour trading volume amounting to $5.04B. ADA has fallen by -6.88%% in the past 24 hours and has increased by +257.61%% over the last month. The total supply of ADA is $44.99B, while the current circulating supply is $35.09B.

Market cap
$41.86B
Circulating supply
$35.09B
Volume (24h)
$5.04B
Fully Diluted Market Cap
$53.69B
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FAQs on Cardano crypto price alerts

Cardano (ADA) is a decentralized open-source blockchain platform secured by a proof-of-stake (PoS) consensus mechanism. It was launched in 2017 by Charles Hoskinson, one of the co-founders of the Ethereum (ETH) blockchain network. 

The definitive quality of Cardano is its emphasis on a research-driven, scientific approach to blockchain development. The platform seeks to solve issues related to scalability, interoperability, and sustainability seen in earlier networks.

The Cardano blockchain is stratified into two layers: The Cardano Settlement Layer (CSL) and The Cardano Computation Layer (CCL). The Cardano Settlement Layer facilitates peer-to-peer transactions of ADA within the network, while The Cardano Computation Layer is used to execute smart contracts.

Cardano is secured through a specially designed proof-of-stake (PoS) consensus protocol called Ouroboros. As stated on Cardano's official website, Ouroboros is able to provide and improve the security guarantees of proof-of-work (PoW) at a fraction of the energy cost.

Cardano (ADA) currently has a market capitalization of $41,864,103,462.59

The current circulating supply of Cardano (ADA) is $35,085,884,197.25

Cardano is a proof-of-stake (PoS) blockchain platform, which means that its nodes compete for a chance to validate the next block of transactions by stacking the associated cryptocurrency.  Staking ADA is most commonly done by delegating the currency to a staking pool from a Web 3.0 wallet like Daedalus or Yoroi.

ADA- page created at 12/5/2024, 12:23:10
Last Updated at 12/5/2024, 12:23:10 UTC
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