Cardano Information

Cardano is a blockchain platform renowned for its unique approach to scalability and sustainability in the world of cryptocurrencies. It distinguishes itself by utilizing a research-driven, peer-reviewed methodology, ensuring a high level of security and robustness. With its emphasis on smart contracts and decentralized applications, Cardano seeks to create a more inclusive and equitable financial ecosystem.

Cardano

$1.00

Title : Cardano
Symbol : ada
Current Price $ : 1.004 $
High 24h : 1.027 $
Low 24h : 0.955375 $
Price Change 24h : -0.0029270148379714 $
Price Change % 24h : -0.29072 %
Market Cap : 35985192669
Whitepaper : https://docs.cardano.org/introduction
Website : https://cardano.org/
Community : https://forum.cardano.org/
Total Volume : 1696046095
Market Cap Change 24h : -175528323.71894
Market Cap Change % 24h : -0.48541 %
Circulating Supply : 35878549011.064
Total Supply : 45000000000
Max Supply : 45000000000
Last Updated : 2025-01-21 23:53
All Time High (ATH) : 3.09
ATH Change % : -67.58502 %
ATH Date : 2021-09-02 06:00
All Time Low (ATL) : 0.01925275
ATL Change % : 5097.292 %
ATL Date : 2020-03-13 02:22

more information

Understanding Cardano: A Comprehensive Overview

Cardano, symbolized as ADA, is a well-regarded cryptocurrency that has created waves since its inception. Developed by IOHK and led by Charles Hoskinson, one of Ethereum's co-founders, Cardano seeks to revolutionize the crypto landscape through a research-driven approach to development.

The Technological Edge: Cardano's Unique Features

Cardano differentiates itself with a unique layered architecture designed for optimal scalability and flexibility. It is divided into two layers: the Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL). This unique bifurcation allows enhanced security, better transaction processing, and the execution of complex smart contracts.

Cardano uses the Ouroboros consensus mechanism, a proof-of-stake (PoS) protocol that aims to be more energy-efficient than traditional proof-of-work (PoW) systems used by other cryptocurrencies like Bitcoin.

Benefits of Investing in Cardano

A significant advantage of Cardano is its commitment to sustainability and scalability. The project emphasizes security and has engaged global academic experts to peer-review its protocols—a move that lends a layer of credibility not often seen in the crypto sphere.

Cardano's commitment to research-driven development ensures that updates are thoroughly vetted before implementation. This has resulted in a robust, adaptable platform that can keep pace with evolving technological needs and user expectations.

Potential Downsides to Consider

Despite its innovative approach, Cardano has faced criticism for its relatively slow pace of development and adoption. Some argue that Cardano's meticulous methodology, while offering security benefits, has led to lost opportunities in the fast-moving cryptocurrency market.

Additionally, as of now, Cardano's smart contract capabilities are still developing, and it remains to be seen how they will compare to those offered by more established competitors like Ethereum.

A Look at Cardano's Historical Performance

Cardano has seen significant price fluctuations since its launch. The coin reached its all-time high of $3.09 in September 2021 before experiencing a substantial decline. As of the last update, Cardano is trading at $0.348399, which represents an approximate 88.68% decrease from its ATH.

Conversely, Cardano achieved an all-time low of $0.01925275 in March 2020, and despite recent setbacks, it has increased over 1714% from that low value, showcasing its growth potential over the long term.

Future Prospects for Cardano

Looking forward, Cardano's future hinges on its ongoing development cycle and the success of its roadmaps, such as the Alonzo upgrade that introduced smart contracts. The widespread adoption of these features could bolster Cardano's standing as a leading blockchain platform.

Expanding partnerships and real-world applications will be crucial for Cardano's sustained growth. As global interest in blockchain solutions increases, Cardano's focus on building a secure and scalable ecosystem may prove advantageous.

Conclusion

While Cardano offers numerous innovations and potential benefits, it also presents some challenges and risks. Its methodical approach may seem slow to some investors, but its dedication to research-based development can yield a strong, resilient blockchain platform in the long run.

For those looking to invest, staying informed about Cardano's technological developments and market trends will be critical in making educated investment decisions in this volatile yet promising market.

General Information
from price $1
Title Cardano
Symbol ada
Whitepaper https://docs.cardano.org/introduction
Website https://cardano.org/
Community https://forum.cardano.org/
Last Updated 2025-01-21 23:53

Price Data
Current Price $ 1.004 $
High 24h 1.027 $
Low 24h 0.955375 $
Price Change 24h -0.0029270148379714 $
Price Change % 24h -0.29072 %

Market Data
Market Cap 35985192669
Total Volume 1696046095
Market Cap Change 24h -175528323.71894
Market Cap Change % 24h -0.48541 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 35878549011.064
Total Supply 45000000000
Max Supply 45000000000

Historical Data
All Time High (ATH) 3.09
ATH Change % -67.58502 %
ATH Date 2021-09-02 06:00
All Time Low (ATL) 0.01925275
ATL Change % 5097.292 %
ATL Date 2020-03-13 02:22