|
Cardano ADA |
|
|
£0.5708524 |
0.98 % (24h) |
|
|
Marketcap |
||
|
£20,152,686,716 |
||
|
Volume 24h |
||
|
£461,891,853 |
Description
Cardano (ADA) is a blockchain platform that aims to create a more secure and scalable infrastructure for the development of decentralized applications (dApps) and smart contracts.
Launched in 2017 by Charles Hoskinson, one of the co-founders of Ethereum, Cardano is built on a research-driven approach and uses a unique proof-of-stake consensus mechanism called Ouroboros.
ADA, the platform's native cryptocurrency, is used for transactions, governance, and staking on the network.
Cardano's development is divided into several phases, with a focus on security, scalability, and interoperability.