Cardano ADA #16

$0.2357

+0.15%1h -0.12%24h -2.72%7d -5.00%30d

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24H Range$0.2320 — $0.2382

$0.2320$0.2382

All-Time Range$0.0193 — $3.09

ATL $0.0193
Mar 13, 2020ATH $3.09
Sep 02, 2021

Market Cap

$8.75B

Rank #16

24H Volume

$315.62M

Circulating Supply

37,145,702,256

ADA

Max Supply

45,000,000,000

All-Time High

$3.09

Sep 02, 2021

All-Time Low

$0.0193

Mar 13, 2020

From ATH

-92.37%

vs ATH

Vol / Mkt Cap

3.61%

Liquidity

Price Performance

+0.15%

24H

-0.12%

-2.72%

30D

-5.00%

-65.73%

ATH

-92.37%

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About Cardano (ADA)

Cardano (ADA) is a third-generation blockchain platform founded by Charles Hoskinson, co-founder of Ethereum, and developed by IOHK (Input Output Hong Kong). Launched in 2017, Cardano distinguishes itself through its peer-reviewed, research-driven development approach — every protocol upgrade is backed by academic papers published by scientists and cryptographers. Cardano uses the Ouroboros Proof of Stake protocol — the first peer-reviewed, formally verified PoS consensus algorithm. ADA is the native token used for staking, governance, and transaction fees.

How Cardano Works

Cardano's architecture is divided into two layers: the Cardano Settlement Layer (CSL) for ADA transactions and the Cardano Computation Layer (CCL) for smart contracts. This separation enables flexibility and easier upgrades. Cardano uses extended UTXO (eUTXO) model for smart contracts, which offers advantages in predictability and security. Stake pools allow ADA holders to delegate their stake and earn rewards without locking up funds.

What Makes Cardano Unique

Peer-reviewed, research-first development methodology
Ouroboros — first formally verified Proof of Stake protocol
No minimum ADA required to stake — fully liquid staking
Strong presence in Africa with government blockchain partnerships
Native token standard without smart contracts (more secure)

Cardano today: Current price is $0.2357 (-0.12% in 24H) with a market cap of $8.75B — ranked #16 globally.

✅ Cardano Pros

Scientific, peer-reviewed development approach
No lockup period for staking — fully liquid
Very low transaction fees
Strong focus on developing world use cases
Active governance with Project Catalyst

❌ Cardano Cons

Slower development pace compared to competitors
DeFi ecosystem smaller than Ethereum or Solana
Smart contract adoption still growing
eUTXO model has a learning curve for developers

How to Buy Cardano (ADA)

ADA is available on Binance, Coinbase, Kraken, Bittrex, and most major exchanges. In India, WazirX and CoinDCX offer ADA trading pairs. The best wallet for Cardano is Eternl, Lace (official by IOHK), or Yoroi. Cardano staking is unique — you can stake directly from your wallet with no lockup period and earn approximately 3-4% APY.

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Frequently Asked Questions — Cardano

What makes Cardano different from other blockchains? +

Cardano's primary differentiator is its peer-reviewed, evidence-based approach to development. Every major protocol change is backed by academic research. This makes development slower but more rigorous. Cardano also pioneered liquid staking with no lockup period.

How do I stake ADA? +

Staking ADA is simple and risk-free. Download Eternl or Lace wallet, transfer your ADA, go to the staking section, and delegate to a stake pool of your choice. Your ADA remains in your wallet (never locked or sent away), and you earn rewards every 5 days (each epoch). Current yield is approximately 3-4% APY.

What is Project Catalyst? +

Project Catalyst is Cardano's on-chain governance and funding system. ADA holders vote on community proposals to fund projects building on Cardano. It is one of the world's largest decentralized innovation funds, having distributed tens of millions of ADA to developers and projects.

Does Cardano have smart contracts? +

Yes. Cardano introduced smart contracts with the Alonzo upgrade in September 2021. Cardano uses Plutus (based on Haskell) as its primary smart contract language and also supports Marlowe for financial contracts. The DeFi ecosystem is growing with DEXs like Minswap and SundaeSwap.

What is Cardano's role in Africa? +

IOHK has signed partnerships with several African governments. The most notable is a partnership with the Ethiopian government to use Cardano's Atala PRISM digital identity solution for 5 million students. Cardano aims to provide blockchain infrastructure for underbanked populations across Africa.