ADA

Cardano price

ADA
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$0.55616

+$0.06177 (+12.49%)

24H
  • 1H
  • 24H
  • 1W
  • 1M
  • 1Y
  • ALL
ALL
1Y
1M
1W
24H
1H
Market cap
$18.84B
Volume (24h)
$842.32M
Circulating supply
33,820,262,544

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Spot
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PairPriceChangeAction
ADA/USDT
₮0.55$0.56
+12.63%
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About Cardano (ADA)

Cardano, founded in September 2017 by Ethereum co-founder Charles Hoskinson, is an open-source, decentralized blockchain network and smart contract platform. Ada (ADA) is its native cryptocurrency. Cardano is described as a third-generation blockchain, with Bitcoin and Ethereum being examples of first- and second-generation networks, respectively. The team behind the project comprises leading scientists and engineers from three independent blockchain companies, and the project's development is extensively reviewed. Cardano’s current proof-of-stake consensus algorithm is called Ouroboros Genesis, which is in its third iteration. This protocol is less energy-intensive than Bitcoin’s proof-of-work and can process more data per second than Ethereum. Rather than relying on expensive mining hardware, Cardano’s stakers hold ADA and stake it via a Cardano full node. The protocol elects a group of staking nodes at random to become "slot leaders" for periods of about five days, called "epochs." Each epoch is subdivided into slots and assigned a slot leader. Only slot leaders can add blocks of transactions to the chain and must do so during their assigned slots. A slot leader receives newly minted ADA only if their block is valid. By allowing multiple epochs to run in parallel, Cardano transactions and computations remain cheap and fast, irrespective of network demand. Moreover, the Cardano blockchain features a multi-layered design. The layer on which ADA transacts is called the Cardano Settlement Layer. A second layer, the Cardano Computation Layer, allows the deployment of smart contract-based decentralized applications. Unlike Ethereum and other smart contract networks, ADA transactions are not competing with DApp computations for block space.

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About the founders

Charles HoskinsonCEO

Charles Hoskinson is a Colorado-based technology entrepreneur and mathematician. He attended Metropolitan State University of Denver and University of Colorado Boulder to study analytic number theory before moving into cryptography through industry exposure. His professional experience includes founding three cryptocurrency-related start-ups – Invictus Innovations, Ethereum and IOHK – and he has held a variety of posts in both the public and private sectors. He was the founding chairman of the Bitcoin Foundation’s education committee and established the Cryptocurrency Research Group in 2013.

Aggelos Kiayiaschief scientist

Aggelos Kiayias is the Chair of Cyber Security and Privacy at the University of Edinburgh. His research interests include computer security, information security, applied cryptography and cryptography foundations, with particular emphasis on blockchain technology and distributed systems, electronic voting and secure multi-party protocols, and privacy and identity management.

Cardano FAQ
What is Cardano?

Cardano is a multi-layered blockchain implementation. The Cardano Settlement Layer allows transactions with robust security assurances between participants. Using the Cardano Computation Layer, developers can deploy unstoppable, smart contract-based DApps written in a flexible, Turing-complete programming language.

As well as its layered approach, Cardano attempts to improve on previous blockchains by using the less resource-intensive proof-of-stake consensus algorithm. The mechanism’s potential to generate passive income through staking and DApp usage creates demand for Cardano’s native currency, Ada. When buying pressure is greater than selling pressure, ADA price increases.

How to buy Cardano?

You can buy Cardano right here on OKEx, via our user-friendly, secure cryptocurrency exchange platform. Signing up and getting started only takes a couple of minutes, and new users can also avail sign up bonuses.

OKEx offers a couple of options for buying and selling ADA, suitable for all experience levels.

Quick Buy/Sell — Our beginner-friendly option supports a range of widely used payment methods.

OKEx Exchange — The exchange area gives traders and more advanced users an array of order types and tools to finetune their Cardano trading strategy.

OKEx OTC — Our OTC desk is the place for high net worth and institutional traders to buy larger quantities of ADA.

What makes Cardano different?

Cardano is an ambitious blockchain project from a team of experts in their fields. Most of the protocol’s workings have been through a rigorous academic peer-review process and this is why development has been relatively slow. However, this is also one of the biggest differences between Cardano and most other blockchain protocols.

Since its 2017 launch, the cryptocurrency ADA has risen into the top 10 digital assets by market capitalization. Its finite supply gives it hard monetary properties, like Bitcoin, and its computation layer allows for the creation of autonomous decentralized applications.

What is the Cardano (ADA) coin?

ADA is the currency native to the Cardano blockchain. It transacts on the Cardano Settlement Layer, one of the network’s two layers. Additional Cardano comes into circulation via block rewards, and users staking ADA to validate transactions receive a percentage of these rewards.

Although the process of working out the precise issuance per block is complicated, Cardano block rewards decrease until all 45 billion ADA are in circulation. This finite supply means Cardano price behavior is similar to BTC, only with additional demand created by those wanting to stake and pledge ADA — or implement and use DApps.

How to stake Cardano?

Setting up a Cardano staking node yourself will require a reasonable understanding of networking and computers. Yet, to encourage more users to stake Cardano, the protocol itself allows the creation of Staking Pools.

Advanced users can create their own staking nodes, and Cardano holders choose to pledge their ADA to them. The staking node stakes on their behalf, with pool members receiving a share of block rewards. Additional demand created by those buying ADA in order to stake has a positive impact on Cardano price.

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Cardano price statistic

Price today
Cardano price
$0.55616
Price change (24h)
+$0.06177
+12.49%
Low and high (24h)
$0.48824Low
$0.56661High
Volume (24h)
$842.32M
Circulating supply
33,820,262,544
Market cap
$18.84B

Found any mistakes?

Cardano FAQ
What is Cardano?

Cardano is a multi-layered blockchain implementation. The Cardano Settlement Layer allows transactions with robust security assurances between participants. Using the Cardano Computation Layer, developers can deploy unstoppable, smart contract-based DApps written in a flexible, Turing-complete programming language.

As well as its layered approach, Cardano attempts to improve on previous blockchains by using the less resource-intensive proof-of-stake consensus algorithm. The mechanism’s potential to generate passive income through staking and DApp usage creates demand for Cardano’s native currency, Ada. When buying pressure is greater than selling pressure, ADA price increases.

How to buy Cardano?

You can buy Cardano right here on OKEx, via our user-friendly, secure cryptocurrency exchange platform. Signing up and getting started only takes a couple of minutes, and new users can also avail sign up bonuses.

OKEx offers a couple of options for buying and selling ADA, suitable for all experience levels.

Quick Buy/Sell — Our beginner-friendly option supports a range of widely used payment methods.

OKEx Exchange — The exchange area gives traders and more advanced users an array of order types and tools to finetune their Cardano trading strategy.

OKEx OTC — Our OTC desk is the place for high net worth and institutional traders to buy larger quantities of ADA.

What makes Cardano different?

Cardano is an ambitious blockchain project from a team of experts in their fields. Most of the protocol’s workings have been through a rigorous academic peer-review process and this is why development has been relatively slow. However, this is also one of the biggest differences between Cardano and most other blockchain protocols.

Since its 2017 launch, the cryptocurrency ADA has risen into the top 10 digital assets by market capitalization. Its finite supply gives it hard monetary properties, like Bitcoin, and its computation layer allows for the creation of autonomous decentralized applications.

What is the Cardano (ADA) coin?

ADA is the currency native to the Cardano blockchain. It transacts on the Cardano Settlement Layer, one of the network’s two layers. Additional Cardano comes into circulation via block rewards, and users staking ADA to validate transactions receive a percentage of these rewards.

Although the process of working out the precise issuance per block is complicated, Cardano block rewards decrease until all 45 billion ADA are in circulation. This finite supply means Cardano price behavior is similar to BTC, only with additional demand created by those wanting to stake and pledge ADA — or implement and use DApps.

How to stake Cardano?

Setting up a Cardano staking node yourself will require a reasonable understanding of networking and computers. Yet, to encourage more users to stake Cardano, the protocol itself allows the creation of Staking Pools.

Advanced users can create their own staking nodes, and Cardano holders choose to pledge their ADA to them. The staking node stakes on their behalf, with pool members receiving a share of block rewards. Additional demand created by those buying ADA in order to stake has a positive impact on Cardano price.