ADA is a crypto coin running on Cardano (
$0.55 ) Settlement Layer (CSL) blockchain, the first and most secure blockchain based on Proof of stake mechanism validating the transactions. Cardano ( $0.55 ) 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 (
$101,737.00 ) , Ethereum (
$3,412.95 ) and other similar cryptocurrencies is its energy-efficient proof of stake transaction validation system. ADA is flexible like Ethereum ( $3,412.95 ) due to a second layer Cardano ( $0.55 ) 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 ( $3,412.95 ) , Etereum classic and Bitshares. Presently the ADA team consist of three organizations i.e. Cardano ( $0.55 ) foundation, IOHK, and Emurgo.
The major use of Cardano ( $0.55 ) 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$0.743.10%
| Name | Price | 24H (%) |
|---|---|---|
Relevant
(REL)
| $0.73
| -3.55% |
YAM v2
(YAMV2)
| $4.70
| -1.41% |
PolkaBridge
(PBR)
| $0.439876
| -7.02% |
Cornichon
(CORN)
| $0.073096
| -0.86% |
Stacy
(STACY)
| $0.000710
| 0.00% |
DSLA Protocol
(DSLA)
| $0.003681
| -6.85% |
Lympo
(LYM)
| $0.004392
| -4.43% |
Calamari Network
(KMA)
| $0.002316
| 6.98% |
Stride Staked Injective
(STINJ)
| $16.52
| -4.28% |
Vested XOR
(VXOR)
| $3,404.23
| 1,000.00% |