Convert ADA to BITS

About Cardano (ADA)

What is Cardano (ADA)?

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. 

How does Cardano (ADA) work?

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.

How Is the Cardano (ADA) Network Secured?

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.

What Is the Market Cap of ADA?

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.

What is Cardano’s (ADA) Circulating Supply?

Cardano (ADA) currently has a market capitalization of BIT 243,228,887,644.00

How to Stake Cardano (ADA)?

The current circulating supply of Cardano (ADA) is $36,187,150,377.92

How to Buy Cardano (ADA)? 

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.