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Cardano ADA |
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$0.6061437 |
-5.17% (24h) |
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Marketcap |
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$21,389,060,531 |
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Volume 24h |
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$716,121,979 |
Description
Cardano (ADA) is a blockchain platform that aims to create a more secure and scalable infrastructure for the development of decentralized applications (dApps) and smart contracts. Launched in 2017 by Charles Hoskinson, one of the co-founders of Ethereum, Cardano is built on a research-driven approach and uses a unique proof-of-stake consensus mechanism called Ouroboros. ADA, the platform's native cryptocurrency, is used for transactions, governance, and staking on the network. Cardano's development is divided into several phases, with a focus on security, scalability, and interoperability.