ADA is a crypto coin running on Cardano (
$0.47 ) Settlement Layer (CSL) blockchain, the first and most secure blockchain based on Proof of stake mechanism validating the transactions. Cardano ( $0.47 ) team calls their proof of stake mechanism Ouroboros. Unlike Proof of Work, where miners invest energy intensive computing power to mine each block, proof of stake chooses a random miner based on the size of the stake (value). In order to generate or mint a new block, a slot leader is chosen with a probability proportional to the amount of coins this node is carrying. So one of ADA’s advantages over Bitcoin (
$20,208.00 ) , Ethereum (
$1,107.91 ) and other similar cryptocurrencies is its energy-efficient proof of stake transaction validation system. ADA is flexible like Ethereum ( $1,107.91 ) due to a second layer Cardano ( $0.47 ) Computational Layer (CCL) which supports decentralized applications and smart contracts.
ADA was initially created by Input Output Hong Kong (IOHK), a blockchain development firm. The project was led by Charles Hoskinson who was a former co-founder of Ethereum ( $1,107.91 ) , Etereum classic and Bitshares. Presently the ADA team consist of three organizations i.e. Cardano ( $0.47 ) foundation, IOHK, and Emurgo.
The major use of Cardano ( $0.47 ) is the transfer of value. Future development of applications on CCL layer can provide the easy and economical payment solution to service providers such as Uber, Upwork, and alike.
Cardano$0.467188-0.88%
| Name | Price | 24H (%) |
|---|---|---|
Relevant
(REL)
| $0.78
| 0.34% |
DSLA Protocol
(DSLA)
| $0.003680
| -6.82% |
Lympo
(LYM)
| $0.004392
| -4.43% |
Habitat
(HBT)
| $0.006165
| 0.00% |
Protector Roge
(PROGE)
| $0.000000
| -7.13% |
SYBC Coin
(SYBC)
| $0.025850
| -1.92% |
DYOR
(DYOR)
| $0.000020
| 19.12% |
TICOEX Token
(TICO)
| $0.001364
| 0.52% |
Bitcoin
(BTC)
| $20,206.00
| -0.57% |
Ethereum
(ETH)
| $1,107.91
| -3.86% |