Cardano

(ADA) Price

$0.03816 -0.0004213 (-1.09%)

Cardano (ADA) price

ADA - USD
  • ADA - USD (United States Dollar)
  • ADA - EUR (Euro)
  • ADA - GBP (British Pound Sterling)
  • ADA - RUB (Russian Ruble)
$0.03816 -0.0004213 (-1.09%)
0.00000000 BTC (+0.6395%)
Real Time Data

Market cap

$997,891,633

26,149,165,289 ADA

Volume (24H)

$28,603,162

749,529,094 ADA

Day's range

$0.03806 - $0.03908

0.00000514 BTC - 0.00000527 BTC

Last trade

1,755.31876108 ADA

bittrex $67.34

Open price (24h)

$0.03858

52 Weeks. Low - High

$0.03000 - $0.1100

Supply

31,112,483,745 ADA

Max supply

2,147,483,647 ADA

Latest Closing Price

Open/Close in UTC time

Date Close Price Open price Volume (24H) Market Cap Day's range
Dec 01, 2019
$0.03962
$0.04057
$59,627,220 774,428 ADA
$1,026,653,378
$0.03843 $0.04057 $0.03962
Dec 02, 2019
$0.03804
$0.03962
$43,160,637 463,438 ADA
$987,940,192
$0.03748 $0.03962 $0.03804
Dec 03, 2019
$0.03777
$0.03804
$34,636,078 79,352 ADA
$984,600,135
$0.03744 $0.03881 $0.03777
Dec 04, 2019
$0.03721
$0.03777
$51,670,814 407,001 ADA
$969,746,635
$0.03626 $0.03873 $0.03721
Dec 05, 2019
$0.03770
$0.03721
$40,116,374 119,310 ADA
$984,292,817
$0.03693 $0.03836 $0.03770
Dec 06, 2019
$0.03834
$0.03770
$30,145,406 400,149 ADA
$991,434,254
$0.03729 $0.03846 $0.03834
Dec 07, 2019
$0.03853
$0.03834
$30,165,706 457,069 ADA
$1,003,884,594
$0.03806 $0.03908 $0.03853
More Historical Data

What is Cardano?

Cardano is a new Blockchain that was created as a technological platform and designed to run financial applications that are used by people, governments, and organizations, on a daily basis. The idea was to provide a platform on a global scale to facilitate day to day financial interactions. 

History and Performance of Cardano

The Cardano foundation was created in 2015 by a development firm called IOHK led by Charles Hoskinson, the former CEO of Ethereum, to focus on changing how cryptocurrencies are built and designed. As for the performance of the Cardano network, it can handle about 257 transactions per second which is quite an impressive number for any Blockchain.

What Makes the Cardano Blockchain Unique?

According to one of Cardano’s online forums, the Cardano platform was created in layers so that the system would feature the flexibility required for easy maintenance and also facilitate upgrades through soft forks. One of the layers is designed to deal with smart contracts. For those not familiar with the latter, it refers to digital agreements that are designed to support businesses and commerce in the future. The Cardano platform is also designed to handle decentralized applications that run on Blockchain technology.

The Cardano Cryptocurrency (ADA)

Other than smart contracts and decentralized applications, the Cardano Blockchain also plays an essential role as the platform through which the Cardano cryptocurrency is operated. The digital coin is abbreviated as ADA, and it is currently a top-ranked coin.

Transaction Costs and Mining

Transaction costs are incurred in Cardano’s settlement layer to provide compensation for the resources that are spent to run the Cardano SL protocol. Cardano SL transaction fees are thus the only source of payment for those who play a part in the protocol. The Ouroboros Proof-of-Stake (PoS) algorithm plays a crucial role in the mining of Cardano. PoS is an alternative method of showing the amount of work done when solving ADA transactions. It is considered a better alternative to the Proof-of-Work process which is used by Bitcoin’s Blockchain though PoW is considered inefficient because it uses up a lot of electricity.

The Future of Cardano

As usual, predicting the future of a cryptocurrency is tricky business. Most digital coins that are currently performing well demonstrate some key characteristics. For example, some have Blockchains that focus on critical aspects of various markets such as financial security or privacy.  Such characteristics allow investors to be more confident when investing in a particular cryptocurrency. This is because those characteristics highlight how committed the developers are towards making sure that their asset thrives.

In the case of Cardano, the fact that the Blockchain has numerous layers focusing on different applications, such as smart contracts and decentralized apps, makes the system very appealing. As a result, there is a high likelihood that the cryptocurrency will perform quite well in the future since a robust Blockchain backs it. The current position of the coin in the cryptocurrency market is also a testament to the fact that it is a serious player with significant volumes being traded on a daily basis.

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Type
Coin
Block
Mineable
Since
Sep 29, 2017
Algorithm
Ouroboros
Proof Type
PoS

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