ADA Coin, also known as Cardano, is a decentralized blockchain platform developed by the Cardano Foundation. Here's what you need to know¹ ²:
- *Key Features*: Cardano uses a proof-of-stake algorithm called Ouroboros, which is more energy-efficient and secure than traditional proof-of-work systems. It also employs a layered architecture, separating the settlement layer from the computation layer, allowing for greater scalability and flexibility.
- *Current Price*: The current price of ADA is around $0.63-$0.68, with a 24-hour trading volume of approximately $8.069 million.
- *Market Capitalization*: The market cap of ADA is around $22.48 billion-$22.76 billion, with a circulating supply of 25.9 billion-36.1 billion ADA tokens.
- *Use Cases*: Cardano has various use cases, including cross-border payments, supply chains, asset tokenization, DeFi, and education.
- *Staking Rewards*: ADA holders can earn rewards by staking their tokens, contributing to the network's security and stability.
Some key statistics about ADA include³ ⁴:
- *Maximum Supply*: 45 billion ADA tokens
- *Circulating Supply*: 35.17 billion-36.1 billion ADA tokens
- *Rank*: 11th in market capitalization
Overall, Cardano (ADA) offers a promising opportunity in the blockchain space, focusing on long-term scalability, interoperability, and sustainability.$ADA