We present a complete guide to understanding Cardano Crypto and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market
Last Updated: 2/8/2022
Cardano (ADA) Cryptocurrency
Cardano is a blockchain network built for smart contracts and decentralized applications. Made to be an alternative to Ethereum, it has maintained its position as one of the top ten Cryptocurrencies by market cap since its launch in 2017.
The Cardano network protocol, called Ouroboros, is a Proof-of-Stake consensus unique to Cardano. Using mathematical proofing, this consensus mechanism secures the network.
The Cardano Blockchain is divided by 2 categories, The Cardano Settlement Layer and the Cardano Computation Layer. The CSL facilitates transactions and records while the CCL uses programmatic smart contract logic.
The ADA cryptocurrency has a maximum supply of 45 Billion tokens, with roughly 31 Billion circulating as of 2022.
Key Points of Cardano
- Uses Proof-of-Stake with consensus protocol “Ouroboros” increases security
- Direct competitor to Ethereum for using smart contracts
- Top Ten Cryptocurrency by Market Cap since launch
- Constantly upgrading Network protocol
Cardano Price Chart
Cardano Historical Price Chart
History of Cardano
The first developments of the Cardano network were drafted as early as 2015. Cardano was officially created in 2017 by Jeremy Wood and Ethereum co-founder Charles Hoskinson. Upon launch in October 2017, ADA quickly gained popularity during the 2017-2018 Crypto Bubble.
Cardano FAQ
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Learn About ADA Crypto
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How To Buy ADA Crypto
Image Source: Cardano Price Explained
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