Cardano's (ADA) price today is $1.38 USD. Cardano's current price is now -0.3% lower than yesterday. A total of $1,682,312,801.72 in Cardano (ADA) was traded globally across all exchanges in the past 24 hours, which is -8% less than the previous 24 hours.
Cardano (ADA) is a decentralized platform that was founded by Charles Hoskinson. It allows complex programmable transfers of value in a secure and scalable fashion. According to (https://www.cardano.org/), Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods.
Cardano was founded to allow a balanced and sustainable ecosystem in regards to cryptocurrencies. Precisely, Cardano aims to resolve the issues that are related to sustainability, interoperability and scalability on cryptocurrency platforms.
Its primary motive is to provide quick and safe currency exchange and allow users to operate various Smart Contracts and applications seamlessly.
Cardano is supported by three organizations that are separate in both ownership and leadership. The Cardano Foundation is an independent, Swiss-based organization that oversees the development of the Cardano ecosystem, IOHK designs and builds Cardano and Emergo is the for-profit arm that supports Cardano with commercial ventures.
It's very important to know how cardano works? Cardano blockchain split into two different layers.
Cardano Settlement Layer: Settlement layer is the first layer of the platform. It was created as an improvement in Bitcoin. This allows users to send and receive ADA coins, wallet to wallet.
Cardano Computation Layer (CCL): Computation layer is the second layer of Cardano. It contains the information on why transactions occur. It's within this layer that the Cardano smart contracts run.
Like Ethereum, Cardano aims to acquire the capability of running decentralised applications or dApps in the future. Unlike other blockchain projects, Cardano has adopted a research-driven approach to solving the significant problems faced by today's consumers.
Cardano mining can be categorized into two phases: Byron and Shelley. In the first phase, cryptocurrency is only vested with few participants and is centralized, while in the second phase, the process would be made available to the public as well.
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