Cardano News Today, Latest ADA Price Analysis
Cardano is an open-source, decentralized blockchain platform formed in 2015 by Ethereum co-founder Charles Hoskinson.
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.