Cardano is one of the biggest crypto assets founded by Charles Hoskinson, one of the co-founders of the Ethereum network. Cardano successfully implements a Proof-of-Stake consensus mechanism that is more power-efficient than Proof-of-work blockchain networks. Cardano aims to allow "changemakers, innovators, and visionaries" to bring about positive global change — helping to create a more secure, transparent, and fair society.
Why ADA is Unique
- Cardano uses a proof-of-stake consensus mechanism, which uses less energy than Bitcoin's proof-of-work algorithm.
- Cardano takes an academic approach to all the technologies built on the Cardano platform. Making it more stable and durable.
What Affects the Price of ADA?
- Adoption and usage of Cardano's blockchain by dApps, projects, and developers
- Overall market sentiment
- Demand for ADA as a native utility token
How Secure is The ADA Network?
Cardano is secured through an "environmentally sustainable, verifiably secure" PoS protocol known as Ouroboros. It improves security while using substantially less power — twice as energy-efficient as Bitcoin.
What are the advantages of Cardano?
Cardano is a 3rd generation crypto asset, an improved version of Bitcoin and Ethereum. One of Cardano's innovations is high transaction capacities, fast transaction times, and low transaction fees through a proof-of-stake system.
How many Cardano coins are there?
The maximum number of Cardano ADA is 45 billion. Staked wallet users are rewarded new Cardano coin in the proof of stake system and it will take several decades to reach the maximum supply.