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    Cardano
    0.614
    +0.01+1.66%)

    Cardano

    ADA/USD
    0.614
    +0.01+1.66%)
    Today
    1.66%
    This Week
    -0.32%
    1 Month
    35.24%
    6 Months
    147.58%
    Year to Date
    1.99%
    1 Year
    76.44%
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    Info of Cardano

    Cardano (ADA) is a cryptocurrency and blockchain platform that aims to create a more secure, scalable, and sustainable environment for decentralized applications, smart contracts, and digital finance. Cardano is one of the most innovative and ambitious projects in the cryptocurrency space, as it aims to solve some of the challenges that face other blockchain platforms, such as scalability, security, and sustainability.

    Cardano uses a proof-of-stake consensus algorithm called Ouroboros, which is claimed to be the first to be mathematically proven to be secure and energy-efficient. Cardano also uses a modular design that allows for easy upgrades and enhancements, such as the addition of smart contracts and decentralized applications, which are expected to be implemented shortly.

    Cardano and Ethereum both emerged in 2015, but Ethereum has a faster growth rate in terms of Dapps than Cardano. However, Cardano has a 10 times faster transaction speed than Ethereum, thanks to the use of the Ouroboros consensus algorithm.

    ADA is the native token of the Cardano network, which is divided into two layers: the Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL). The CSL is responsible for the basic functions of the network, such as transactions, balances, and consensus, while the CCL is responsible for the advanced functions, such as smart contracts, governance, and interoperability. ADA is used for staking, governance, and fees on the CSL, and can also be transferred to the CCL to interact with other applications and platforms.

    Cardano was founded in 2015 by Charles Hoskinson, a co-founder of Ethereum, who envisioned a more advanced and flexible blockchain architecture based on scientific research and peer review. Cardano is developed by three independent entities: IOHK, a research and engineering company; Cardano Foundation, a non-profit organization that oversees the protocol; and Emurgo, a venture capital firm that supports the ecosystem.
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