Cardano

Cardano (ADA)

$0.03129 +2.82%

What is Cardano?

Cardano (ADA) is a decentralised open source public blockchain functioning as a smart contract platform. It was developed based on scientific studies and peer reviewed academic research. Cardano is what many consider to be the first example of a third generation blockchain. It was created by blockchain development firm Input Output Hong Kong (IOHK) and led by Charles Hoskinson, former co-founder of Ethereum. Daedalus is the wallet for Ada tokens. Coins are mined and decisions are made via a proof-of-stake (POS) algorithm called Ouroboros instead of a proof-of-work (POW) algorithm. The Ada cryptocurrency operates on its own blockchain called the Cardano Settlement Layer (CSL). Read more about Cardano in our cryptocurrency guides. Browse the latest in Cardano news from trusted local and international sources.

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