Cardano (ADA) price, market capitalization and tokenomics


Ouroboros Algorithm
Mining method
Maximum offer 45,000,000,000 ADA.

The project was launched in the fall of 2017 (official site cardano-org). One of the founders was Charles Hoskinson, a previous member of the Ethereum creation team.

Cardano is a decentralized system with open-source access for programmable transfer and provision of value. The project allows users to work with decentralized applications based on smart contracts. It is a blockchain that works both as a platform for smart contracts and a cryptocurrency.

Cardano technology makes it possible to implement and create a new decentralized economy, the democratization of money in the foreign exchange market. The Cardano blockchain has a minimum number of nodes in the network. For this purpose, leader nodes, which are responsible for verifying and validating transactions, are assigned. The Ouroboros algorithm that is considered unique, provides reliable blockchain protection and helps the network maintain the security and confidentiality of its users and money transactions.

The advantages also include the ability to update and improve the platform, which is extremely rare. The platform developers control the blacklist, which includes scammers and intruders.

However, they have almost no influence on their system, but only control the technical side, which does not affect the anonymity and the course of the ADA.

ADA is a cryptocurrency that works for Cardano-based transactions.

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