Cardano
Cardano News Today, Latest ADA Price Analysis
Cardano is an open-source, decentralized blockchain platform formed in 2015 by Ethereum co-founder Charles Hoskinson.
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Cardano describes itself as an updated version of Ethereum. One of Cardano’s primary aims is to provide banking to the unbanked population.
Unlike Bitcoin and Ethereum, Cardano uses a proof of stake (PoS) method to achieve consensus, which is claimed to use 75% less energy than Bitcoin.
Cardano is overseen by the Cardano Foundation, EMURGO AND Input-Output Hong Kong. One of the unique features of Cardano is that IOHK works alongside a global team of academics to review proposed platform updates ahead of launch to ensure success.
The Alonzo hard fork in September brought smart-contract functionality to the Cardano network. As a result, Cardano now supports Non-Fungible Tokens (NFT’s) and decentralized exchanges(DEX), making it a genuine rival to Ethereum. Cardano’s native token ADA, named after mathematician Ada Lovelace, surged in popularity following the Alonzo upgrade, climbing above $3.00 to become the third-largest cryptocurrency behind Bitcoin and Ethereum.
ADA’s supply is limited to 45 billion coins. Of which around 16% were awarded to the project’s founders.
You’ll find breaking news stories and actionable content relating to Cardano (ADA) on this page. Not to mention up-to-the-minute technical and fundamental analysis and Cardano price predictions.
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Saber posted in Cardano
Wow. It is good that ADA managed to bounce. A break to the July 2021 low could have opened the door for a drop to 0.5 per coin. What is your take on Cardano today?
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If we trade above 1.17 I think the downtrend would be over and we could reach 1.50. But let’s not get too excited. The Fed is out tonight so it should be chooopppyyy!