ADA Specifications

Type

COIN

Algorithm

Ouroboros

Protocol

POS

Start Date

02/10/2017

Max Supply

45,000,000,000

Circ. Supply

35,925,881,809

Website

Explorer

Social Media

Info

Cardano (ADA) is a blockchain platform designed to enable secure and scalable decentralized applications (dApps). ADA is the native cryptocurrency of Cardano, used for staking, governance and as a medium of exchange. Its advanced architecture and low transaction fees make it a popular choice for token swaps and blockchain-based solutions.

Market Impact

ADA has significantly influenced the cryptocurrency space by offering a secure and energy-efficient blockchain for developers and users. Its role in facilitating low-cost token swaps has made it a valuable asset for DeFi projects. Additionally, ADA's integration with major exchanges has driven global adoption, enabling cross-border transactions and further solidifying its position as a reliable digital currency.

History

Cardano was founded in 2015 by Charles Hoskinson, one of Ethereum's co-founders and officially launched in 2017. Built on peer-reviewed research, Cardano introduced a multi-layer architecture to separate transaction processing from smart contract functionality. Over time, it has evolved to support staking pools and seamless token swaps, establishing itself as a key player in the blockchain ecosystem.

Features

Energy-Efficient Design
Cardano uses a Proof of Stake (PoS) consensus mechanism, reducing energy consumption while maintaining network security and supporting decentralized exchanges.
Scalable Ecosystem
Cardano's layered design enhances scalability, allowing for efficient token swaps and the seamless deployment of dApps.
Research-Driven Development
Cardano is built on peer-reviewed research, ensuring a robust framework for secure exchanges and innovative blockchain applications.

Website

Explorer

Social Media

*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.