1943
Total Cryptocurrencies
14,116
Markets
227,074,663,466
Total Market Cap
25,258,304,930
Volume 24H
51.3 %
Bitcoin Dominance

Cardano
ADA

0.08723
USD
0.08
% 1h
16.81
% 24h
27.52
% 7d
Ranking
9
Market Cap
2,262,947,136
Volume 24h
232,516,461
Available Supply
25,927,070,538
Max Supply
45,000,000,000
Algorithm
Ouroboros
Proof Type
PoS
Cardano is a platform for maintaining the operations of Ada cryptocurrency. The platform is multilayered and gives the system the elasticity to be easily maintained and upgraded with a soft fork. Cardano uses a Proof-of-Stake system, reducing the amount of electricity requirements and improving its scalability. The second feature of Cardano is its Recursive InterNetwork Architecture that allows for the existence of a subnetwork within a main network, which also makes it easier for a network to grow. Cardano aims to become an “Internet of Blockchain,” making it possible for all cryptocurrencies to exist side by side and be converted from one to another without intermediaries. Cardano will also allow users to attach metadata to their transactions if they want to, making the network friendlier to banks and governments.