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Cardano ADA

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1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$2.27 -2.8%
Market Cap
$72.41B (#3)
Supply
32.07B / 45.00B
Description

Cardano (ADA) is a proof-of-stake blockchain with a smart contract platform that uses a cryptocurrency native to it known as ADA. It has the goal of being a network that avoids the pitfalls of cryptocurrencies such as Bitcoin and Ethereum, in the form of scalability, energy usage, and being able to interact with regular money. This is an open-sourc...

Cardano (ADA) is a proof-of-stake blockchain with a smart contract platform that uses a cryptocurrency native to it known as ADA. It has the goal of being a network that avoids the pitfalls of cryptocurrencies such as Bitcoin and Ethereum, in the form of scalability, energy usage, and being able to interact with regular money. This is an open-source project founded in 2017. Cardano is one of the biggest blockchains out there to successfully implement and use proof-of-stake as a consensus mechanism. This is a lot less energy-intensive when compared to proof-of-work, which is used in Bitcoin.

The ADA Token Explained

The ADA Token has a design that can ensure each owner of it has the ability to participate in the operation of the network. Those who have the cryptocurrency can vote on any proposed changes to the core software. Unlike miners, as you would find in Bitcoin, in Cardano, there are validators that are chosen by the network depending on how much ADA currency they own. When selected, they can validate the transactions on the block, and they place a bet on how confident they are in being able to verify all of the transactions. If the blockchain verifies the validator block, they get rewarded with ADA.

Features of Cardano

Cardano uses the Ouroboros, which is a proof-of-stake (PoS) algorithm that can create blocks and validate transactions occurring on the blockchain. The time is divided into epochs and slots, where epochs represent the overarching timeframes, and slots represent 20-second intervals. Throughout each slot, a leader is randomly picked to add the next block onto the blockchain, and after that, the next slot leader is picked.

There are three types of nodes on the Cardano blockchain. First, you have Edge, which is used for creating cryptocurrency transactions. Then you have mCore, where you can stake ADA and participate in the distributed governance. Finally, you have Relay, where you can send data between mCore and the public internet.

Founders of Cardano (ADA)

Cardano (AVA) was founded by Charles Hoskinson, who is also one of the co-founders of the Ethereum network. He also fills the role of the CEO at IOHK, which is the company behind the Cardano blockchain. He has been involved in cryptocurrencies ever since 2011, with his first professional involvement occurring in 2013 where he created a course about Bitcoin.

2. Price

$ADA / USD

2.1. Market Performance

How does Cardano's (ADA) performance compare to assets of a similar market capitalization?

30 Day Return

-11.9%

ADA

-16.9%

Similar Market Cap

60 Day Return

78.6%

ADA

36.9%

Similar Market Cap

1 Year Return

2,248.6%

ADA

1,408.7%

Similar Market Cap

3. Developer Activity

We're monitoring 400 Cardano Github repos for commits, code additions and deletions. This data is factored into the Developer Rank.

Weekly Commits (All Cardano Repos)

Commits vs. The Market

  • Past 4 weeks: 1,705 commits vs. an average of 40
  • Past 12 weeks: 5,072 commits vs. an average of 144
  • Past year: 24,671 commits vs. an average of 980

Most Active Repos

Past week 127
Past 12 weeks 472
Past year 2714
Past week 160
Past 12 weeks 514
Past year 1889
Past week 39
Past 12 weeks 172
Past year 1574
Past week 46
Past 12 weeks 188
Past year 1464
Past week 81
Past 12 weeks 362
Past year 1307
Past week 54
Past 12 weeks 160
Past year 1089
4. Social Activity
Reddit Subscribers 617,002
Active Reddit Users (past 24h) 2,326
Telegram Users 38,809
Twitter followers 625,598
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.cardano.org/en/home/
Explorer https://cardanoexplorer.com/
Twitter @CardanoStiftung
reddit /r/cardano
Whitepaper https://whitepaperdatabase.com/cardano-ada-whitepaper/
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