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Cardano ADA |
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£0.1329214 |
0.38 % (24h) |
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Marketcap |
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£4,893,681,543 |
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Volume 24h |
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£162,625,053 |
Description
Cardano (ADA) is a third-generation blockchain platform built on a foundation of peer-reviewed academic research and high-assurance coding standards. It utilizes the Ouroboros Proof of Stake consensus mechanism, which is designed to be highly energy-efficient and secure. The project is developed in stages, focusing on themes like decentralization, smart contracts, and scalability to create a sustainable global financial system. The ADA token is used for network transactions, staking to earn rewards, and participating in the platform's community-driven governance system.