ADA Logo

Cardano ADA

BUY

£0.1799294

-1.64% (24h)

Marketcap

£6,516,693,000

Volume 24h

£327,481,699


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Description

Cardano (ADA) is a third-generation blockchain platform built on a foundation of peer-reviewed academic research and high-assurance coding standards. It utilizes the Ouroboros Proof of Stake consensus mechanism, which is designed to be highly energy-efficient and secure. The project is developed in stages, focusing on themes like decentralization, smart contracts, and scalability to create a sustainable global financial system. The ADA token is used for network transactions, staking to earn rewards, and participating in the platform's community-driven governance system.