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    $0.386712 $ 0.386712
    +¥5204,24 0% 1D
    1D 1M 1Y ALL
    Updated:
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    Market Cap (USD)
    13.67B
    24H Volume
    278.05M
    Circulating Supply
    35.05B ADA
    Max Supply
    45B ADA
    All Time High
    3.09
    Rank
    8

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    • About Cardano (ADA)

      The Cardano project was founded in 2015 by two former core members of Ethereum, Charles hoskinson and Jeremy wood. The name of the Cardano project derives from the Italian mathematician Gerolamo Cardano in the 16th century, while the name of ADA comes from ADA levea, the first programmer in human history.

      Bitcoin represents the era of blockchain 1.0, Ethereum opens the era of blockchain 2.0, and Cardano is the representative of blockchain 3.0, aiming to solve the problems of scalability and sustainability in blockchain 2.0. Cardano's goal is to build a layered (settlement layer and compute layer) blockchain system, which is used to solve the problems of currency transaction and smart contract simultaneously.


      How does Cardano (ADA) Work?

      Cardano mainly uses layered technology and consensus mechanism to solve scalability problems:

      Cardano blockchain is divided into two layers, one settlement layer (CSL) and one control layer (CCL).

      Settlement layer (CSL): responsible for transferring ADA between accounts and recording trading information. The settlement layer can be considered the foundation of the entire Cardano system.

      Control layer (CCL): contains smart contract logic for developers to develop DAPP on this layer.

      In terms of consensus mechanism, Cardano adopts a consensus mechanism named Ouroboros among the proof of stake mechanisms. The proof of stake mechanism is to elect the next blocker through election. For the PoS consensus mechanism, the real random election of blockers is the key to ensure the security of the blockchain. In order to realize the randomness of the elected blockers, computer scientist Aggelos Kiayias and his team designed the Ouroboros consensus mechanism.

      The Ouroboros consensus mechanism divides time into slots. Each slot randomly selects a "slot leader" to add the blocks generated by this slot to the blockchain. Multiple slots are one epoch, epoch is the overall time frame, and slot is the increment of 20s in epoch. At the end of an epoch, the previous slot leader will select the slot leader of the next epoch, and this cycle will be repeated, just like the Ouroboros.


      What is Cardano (ADA) ?

      ADA is the native token of the Cardano project, with a total circulation of 45 billion, of which 25 billion ADA are used for the Initial Coin Offering (ICO,) 5 billion are used for the company's operation support, and the remaining 15 billion ADA will continue to be issued. The block awards of Cardano Network are issued every 3.5 minutes. 75% of the ADA generated by each block is used to reward the holders, and 25% is used for project technology development and reward the ecosystem builders.


      Cardano (ADA) Crypto Wallet

      In addition to placing ADA in the Gate.io exchange to facilitate trading, ADA can also be placed in the crypto wallet.

      Daedalus full node desktop wallet and Yoroi light wallet are officially recommended wallets of ADA. Daedalus full node desktop wallet downloads a complete copy of Cardano blockchain and independently validates every transaction in its history; Yoroi light wallet can be used as a web-based extension or mobile application without downloading a copy of the blockchain history.
      Expand
    • Cardano Market

      Currency Price 24h Change Action
      Cardano
      ADA /USDT
      3X Margin
      $0.386712 +0% Trade
      Cardano
      ADA /USDT
      Perpetual
      $0.39034 +1.22% Trade
      Cardano
      ADA /USDT
      Spot
      $0.386712 +0% Trade

    Cardano FAQs

    • 1. What determines the price of Cardano?
      There are two schools of thought in determining the price of Cardano.

      By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Cardano, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Cardano from a long term perspective.

      By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Cardano on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Cardano as well.

      HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Cardano and the cryptocurrency market as a whole.
    • 2. What is the highest price of Cardano in history?
      Cardano achieved the all-time high of $13975.17 in 2021-09-02, and is currently trading at $1748.99.
    • 3. What is the lowest price of Cardano in history?
      In 2020-03-13, Cardano reached the all-time low of $87.07.
    • 4. Should I buy Cardano now?
      It is important to remember that Cardano, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

    Cardano News

    News
    Announcements
    Market Trend|ADA Eyes $1 As Djed Stablecoin Scores Listing;Coinbase Fined $3.6 Million By The Dutch Central Bank

    Market Trend|ADA Eyes $1 As Djed Stablecoin Scores Listing;Coinbase Fined $3.6 Million By The Dutch Central Bank

    [//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/article/1674200553%E4%B8%80%E5%91%A8%E8%A1%8C%E6%83%85.jpeg) This past week has presented a mixed bag for the cryptocurrency market, having opened on a relatively bearish note aned couinciding with the continued degradation...
    Source: Gate.blog Posted: 2023-01-27
    Gate.io to Attend Block World Tour in Granada, Spain

    Gate.io to Attend Block World Tour in Granada, Spain

    [//]:content-type-MARKDOWN-DONOT-DELETE The global cryptocurrency exchange [Gate.io](https://www.gate.io?ch=GM_blog_granada_20230125&utm_campaign=TR_5nUXw6tU&utm_content=&utm_medium=CPM&utm_source=CH_sApqy83F&utm_term= "Gate.io") will attend Block World Tour (BWT) in Granda, Spain, from January 26 t...
    Source: Gate.blog Posted: 2023-01-25
    Cardano Network Quickly Recovers After Brief Node Outage

    Cardano Network Quickly Recovers After Brief Node Outage

    A short-lived outrage that affected over 50% of the network was automatically solved within minutes on Sunday.
    Source: coindesk Posted: 2023-01-23
    Cardano recovers from an outage on 50% relay and block-producing nodes

    Cardano recovers from an outage on 50% relay and block-producing nodes

    An anomaly apparently caused around half of Cardano’s nodes to disconnect and restart over the weekend, with the root cause still under investigation.
    Source: cointelegraph Posted: 2023-01-23
    Cardano ecosystem set to expand with custom-built sidechains

    Cardano ecosystem set to expand with custom-built sidechains

    The toolkit will allow for creators of sidechains to choose their own consensus mechanism and other application-specific features, whilst inheriting the security of the main chain.
    Source: cointelegraph Posted: 2023-01-13
    Solana, Cardano Both Up 21% Late Sunday, Setting Monthly Highs

    Solana, Cardano Both Up 21% Late Sunday, Setting Monthly Highs

    Solana got a boost from BONK, jumping over 60% for the week.
    Source: decrypt Posted: 2023-01-09
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