Buy and Sell Cardano ( $0.00 ) (ADA)

ADA is a crypto coin running on Cardano ( $0.00 ) Settlement Layer (CSL) blockchain, the first and most secure blockchain based on Proof of stake mechanism validating the transactions. Cardano ( $0.00 ) team calls their proof of stake mechanism Ouroboros. Unlike Proof of Work, where miners invest energy intensive computing power to mine each block, proof of stake chooses a random miner based on the size of the stake (value). In order to generate or mint a new block, a slot leader is chosen with a probability proportional to the amount of coins this node is carrying. So one of ADA’s advantages over Bitcoin ( $60,115.00 ) , Ethereum ( $4,452.30 ) and other similar cryptocurrencies is its energy-efficient proof of stake transaction validation system. ADA is flexible like Ethereum ( $4,452.30 ) due to a second layer Cardano ( $0.00 ) Computational Layer (CCL) which supports decentralized applications and smart contracts.

ADA was initially created by Input Output Hong Kong (IOHK), a blockchain development firm. The project was led by Charles Hoskinson who was a former co-founder of Ethereum ( $4,452.30 ) , Etereum classic and Bitshares. Presently the ADA team consist of three organizations i.e. Cardano ( $0.00 ) foundation, IOHK, and Emurgo.

The major use of Cardano ( $0.00 ) is the transfer of value. Future development of applications on CCL layer can provide the easy and economical payment solution to service providers such as Uber, Upwork, and alike.

  • cardanoCardano$1.735.80%

Name Price24H (%)
Bitcoin (BTC)
$59,026.00
4.18%
Ethereum (ETH)
$4,491.75
6.01%
Binance Coin (BNB)
$639.61
9.09%
Tether (USDT)
$1.00
-0.18%
Solana (SOL)
$213.92
2.45%
Cardano (ADA)
$1.73
5.80%
XRP (XRP)
$1.05
3.03%
Polkadot (DOT)
$40.63
4.19%
USD Coin (USDC)
$1.00
-0.04%
Dogecoin (DOGE)
$0.222234
3.45%