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Cardano ADA

Cardano header image

1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$0.53 +1.9%
Market Cap
$17.93B (#5)
Supply
33.82B / 45.00B
Price
52W High price $2.97
52W High date 4th Sep 2021 (8 months ago)
All Time High (ATH) Date 2nd Sep 2021 (8 months ago)
ATH Price $3.09
% From ATH -83.11%
All Time Low (ATL) Date 13th Mar 2020 (2 years ago)
ATL Price $0.02
% From ATL 2607.91%
Supply & Trading Volume
Volume (24h) 528.34M
Total Supply 45.00B
Max Supply 45.00B
Circulating Supply 33.82B
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.

1.1 Insights (beta)

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2. Price

ADA/USD

2.1. Market Performance

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

30 Day Return

-41.1%

ADA

-44.1%

Similar Market Cap

60 Day Return

-52.4%

ADA

-50.8%

Similar Market Cap

1 Year Return

-66.2%

ADA

-21.4%

Similar Market Cap

3. Developer Activity

We're monitoring 495 Cardano GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Cardano Repos)

Commits vs. The Market

  • Past 4 weeks: 1,706 commits vs. an average of 2
  • Past 12 weeks: 5,667 commits vs. an average of 28
  • Past year: 30,716 commits vs. an average of 486

Most Active Repos

Past week 127
Past 12 weeks 472
Past year 2714
Past week 192
Past 12 weeks 691
Past year 2162
Past week 187
Past 12 weeks 685
Past year 2156
Past week 98
Past 12 weeks 575
Past year 2097
Past week 160
Past 12 weeks 514
Past year 1889
Past week 39
Past 12 weeks 172
Past year 1574

Top Developers 2022

In total, 2040 developers have contributed to Cardano over the past year. Who are the most active Cardano developers, by commits, over the past year?

Related Projects

Developers working on Cardano also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 699,441
Active Reddit Users (past 24h) 962
Discord users
Active Discord Users
Telegram Users 40,799
Twitter followers 846,734
5. News
6. Investment

No funding information found.

7. 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 @Cardano
reddit /r/cardano
Forum https://forum.cardano.org/
Whitepaper https://whitepaperdatabase.com/cardano-ada-whitepaper/

Has Cardano been audited for security?

No security audits found for this project.

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