Cardano (ADA) – Crypto price chart, background, and sentiment |
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Cardano (ADA) is the native cryptocurrency of the Cardano blockchain, which hosts smart contracts.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Launched in 2017, Cardano was founded by American entrepreneur Charles Hoskinson, a co-founder of Ethereum. Cardano aims to be a less energy-intensive alternative to traditional cryptocurrencies. It uses a Proof of Stake consensus mechanism called Ouroboros, which it claims is more energy-efficient than traditional Proof of Work systems.
The coin ADA, named after the 19th-century mathematician Ada Lovelace, is used for transactions, staking, and governance on the Cardano network. The platform aims to provide advanced features for smart contracts, decentralised applications, and decentralised finance solutions. Cardano’s price is influenced by its technological progress, adoption rates, and broader crypto market trends. All cryptocurrencies are extremely volatile, and analysts are divided on their long-term value.
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