Cardano price today is €0.73317600 with a 24-hour trading volume of €918,123,082. Cardano is
down
-4.14% in the last 24 hours. Over the past hour the price of ADA has
decreased
by -0.14%. The total supply of ADA is $45,000,000,000 and the current circulating supply is set at $35,925,881,809.4. The current Coingecko ranking of ADA is 9.
As of today at
2:07 PM
, converting 1Cardano (ADA) to EUR using TabTrader, based on the CoinGecko conversion rate, gives you an equivalent value of 🌐 0.733176EUR. The current exchange rate is 1 ADA = €0.73317600EUR, while 1 EUR equals 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.
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 €26,330,232,678.00
The current circulating supply of Cardano (ADA) is $35,925,881,809.40
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.
