Cardano Latest News
- Cardano (ADA) Adds 2340 Average New Wallets per Day in Last 30 Days
- The Easy Way to Earn Passive Income With Cardano | The Motley Fool
- Solana vs. Cardano: Who Will Survive the Bear? | InvestorPlace
- Air France wants to raise half a billion euros to pay off France's debts | right Now
- Exploring the Possibility of a 40% Price Upswing for Cardano - Crypto News
- Cardano (ADA) Adds 2,340 Average New Wallets Per Day In Last 30 Days - RecentlyHeard
- Cardano's Upcoming Vasil Hard Fork Is On Track, Says Founder - Herald Sheets
- This Bear Market, Bitgert and Cardano are the Safest Investment Option - Analytics Insight
- 'Grim Reapers' Revitalized To Examine Terra LUNA Downfall - BlockchainReporter
- Are Terra developers migrating to AVAX, SOL, MATIC & ADA? The metrics say... - AMBCrypto
- Cryptocurrency prices on April 19: Terra (LUNA), Bitcoin, Ethereum, BNB, XRP, Solana ...
- 5 Biggest Crypto to Buy on Twitter 2022 - Business 2 Community
- What are the Next Cryptocurrencies to Explode in the Second Quarter of 2022? - FXLeaders
- Cardano ($ADA) Network Adds Over 70,000 Wallets in 30 Days Even as Price Tanks | Cryptoglobe
- Can Cardano (ADA) Drop Lower? - Benzinga
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About Cardano
It has a circulating supply of 31,112,484,646 ADA coins and a max. supply of 45,000,000,000 ADA coins.
The top exchanges for trading in Cardano are currently Binance, Huobi Global, OKEx, HBTC, and Hydax Exchange. You can find others listed on our crypto exchanges page.
What Is Cardano (ADA)?
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.
Cardano was founded back in 2017, and the ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.
The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.
Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.
Who Are the Founders of Cardano?
Cardano was founded by Charles Hoskinson, who was also one of the co-founders of the Ethereum network. He is the CEO of IOHK, the company that built Cardano’s blockchain.
In an interview for CoinMarketCap’s Crypto Titans series, Hoskinson said that he got involved in cryptocurrencies back in 2011 — and dabbled in mining and trading. He explained that his first professional involvement in the industry came in 2013, when he created a course about Bitcoin that ended up being taken by 80,000 students.
As well as being a technology entrepreneur, Hoskinson is also a mathematician. In 2020, his technology company donated ADA worth $500,000 to the University of Wyoming’s Blockchain Research and Development Lab.
What Makes Cardano Unique?
Cardano is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism, which is less energy intensive than the proof-of-work algorithm relied upon by Bitcoin. Although the much larger Ethereum is going to be upgrading to PoS, this transition is only going to take place gradually.
The project has taken pride in ensuring that all of the technology developed goes through a process of peer-reviewed research, meaning that bold ideas can be challenged before they are validated. According to the Cardano team, this academic rigor helps the blockchain to be durable and stable — increasing the chance that potential pitfalls can be anticipated in advance.
In 2020, Cardano held a Shelley upgrade that aimed to make its blockchain “50 to 100 times more decentralized” than other large blockchains. At the time, Hoskinson predicted that this would pave the way for hundreds of assets to run on its network.
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