23.07.2018 04:59

Cardano

ADA

$0.174913

arrow_upward 4.04%

0.000023 BTC

Market Cap:

$4 534 981 689

Circulating Supply:

25 927 070 538 ADA

Max Supply:

45 000 000 000 ADA

About Cardano

Cardano is a decentralized platform, launched in September 2017 by Blockchain Development Output Hong Kong (IOHK), that provides a reliable, scalable and programmable transfer of value. Cardano is one of the first blocks to be built in the highly secure Haskell programming language. Cardano was developed by a team led by Charles Hoskinson, a former co-founder of BitShares and Ethereum, and aims to launch smart contracts, decentralized applications, side chains and metadata. The platform runs on the Proof-of-Stake algorithm called Ouroboros, which determines how individual nodes achieve consensus across the entire network. The algorithm is an important part of the infrastructure that supports the ADA cryptocurrency. According to the developers, the security level of Ouroboros is comparable with the level of Bitcoin's blockade. This is the first algorithm that has been reviewed at the respected cryptographic conference Crypto 2017. The platform consists of layers, which makes the system extremely flexible and convenient to use, and provides all the chances for growth for the Cardano currency ADA. On the first layer, which the team is working on now, operations with the internal token of the ADA system will be carried out. The second level is intended for the functioning of "smart contracts". Also, decentralized applications and services will be on the platform. Currently, a voting system and the economic model of the platform are being developed. Next year the project team plans to issue a beta version of its product. Community members who bought system tokens, after 2020 will be able to influence the further development of the platform, and also the Cardano rate. If you want to know the latest information and current Cardano exchange rate, visit its telegram account @cardano.

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