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Track Cardano (ADA) price alerts
As of today, according to the TabTrader Converter, Cardano is valued at $0.96908603, with a 24-hour trading volume amounting to $ 4.87 ارب. ADA has risen by +22.71%% in the past 24 hours and has increased by +180.07%% over the last month. The total supply of ADA is $ 44.99 ارب, while the current circulating supply is $ 35.05 ارب.
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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 $33,969,305,097.59
The current circulating supply of Cardano (ADA) is $35,052,930,435.63
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.