Buy and Sell Cardano ( $0.47 ) (ADA)

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.

  • cardanoCardano$0.467188-0.88%

Name Price24H (%)
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%