ADA - Cardano | CoinWIKI

Cardano (ADA) is a blockchain platform designed for positive global change through innovation. Here’s a breakdown of ADA:

Function: Cardano is a blockchain platform, similar to Ethereum, that allows developers to build decentralized applications (dApps) and smart contracts.
Focus on Sustainability: Unlike some blockchains, Cardano uses a proof-of-stake validation system (called Ouroboros) which is significantly less energy-intensive compared to the proof-of-work system used by Bitcoin.
Development: Launched in 2017, Cardano is one of the first blockchains built on peer-reviewed research, aiming for security, scalability, and robustness for global use.
Token (ADA): ADA is the native cryptocurrency of the Cardano blockchain. Users need ADA to pay transaction fees and participate in the network.
Here are some additional points to consider:

Current Price: As of today, June 20, 2024, ADA is priced around $0.37 with a market capitalization of over $14 billion (ranking around #10 on CoinMarketCap).
Recent Performance: The price of ADA has fluctuated recently, down around 5.8% in the last 24 hours.
You can find more information on the official Cardano website: [cardano org]. Remember, cryptocurrency is a volatile market, so do your own research before making any investment decisions.

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