1630
Total Cryptocurrencies
11,958
Markets
290,611,448,899
Total Market Cap
18,376,596,497
Volume 24H
44.1 %
Bitcoin Dominance

Cardano
ADA

0.1841
USD
1.52
% 1h
0.55
% 24h
46.95
% 7d
Ranking
8
Market Cap
4,786,785,398
Volume 24h
298,827,000
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.