What is Cardano?
Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA. Cardano is one of the most popular forms of cryptocurrency, a kind of digital currency that exists exclusively online. ADA is the native cryptocurrency of the Cardano platform (named after Ada Lovelace, the 19th-century mathematician often referred to as the 'world's first computer programmer').
Cardano goals
Cardano restores trust to global systems – creating, through science, a more secure, transparent, and sustainable foundation for individuals to transact and exchange, systems to govern, and enterprises to grow. Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change. The project aims to solve issues such as scalability, interoperability, and regulatory compliance faced by earlier cryptocurrencies. Its use cases include crypto transactions and staking, smart contracts, Internet of Things (IoT), non-fungible tokens (NFT), and decentralized finance (DeFi) applications.
Cardano fondamentals
The market cap of Cardano is $40465890713. ADA tokens fuel the Cardano platform and are used to pay transaction fees and are staked by validators. The cryptocurrency ADA can be stored on Cardano's native digital wallet named 'Daedalus'.
Marketcap
$40.47B
Total number of Cardano
45000000000 ADA
Cardano technology
Cardano's technology works through a proof-of-stake (PoS) protocol named Ouroboros. The second layer is the computation layer and is designed to be similar to Ethereum, enabling smart contracts and applications to run on the platform. Time on the Cardano blockchain is divided into epochs, each consisting of a series of slots.
Cardano competitors
Cardano differentiates itself from competitors through its proof-of-stake protocol named Ouroboros, which is seen as a greener alternative to proof-of-work protocols. The project claims that it overcomes problems found in other cryptocurrencies, such as Bitcoin being too slow and inflexible, and Ethereum not being safe or scalable. Cardano uses a UTXO ledger model, though it is an extended version (EUTXO) to facilitate smart contracts and scripting languages.
Cardano price history
Frequently asked questions
The native cryptocurrency of the Cardano platform is ADA, named after Ada Lovelace, the 19th-century mathematician often referred to as the 'world's first computer programmer'.
Cardano restores trust to global systems – creating, through science, a more secure, transparent, and sustainable foundation for individuals to transact and exchange, systems to govern, and enterprises to grow.
Cardano differentiates itself from competitors through its proof-of-stake protocol named Ouroboros, which is seen as a greener alternative to proof-of-work protocols.
The potential use cases and applications of Cardano include crypto transactions and staking, smart contracts, Internet of Things (IoT), non-fungible tokens (NFT), and decentralized finance (DeFi) applications.
The Cardano blockchain works through a proof-of-stake (PoS) protocol named Ouroboros. Time on the Cardano blockchain is divided into epochs, each consisting of a series of slots.
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