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Cardano (ADA) price, chart, coin profile and news
Find the latest Cardano (ADA) price, coin profile, news and history to get you started with Cardano trading and investing.
What is Cardano?
ADA is the native cryptocurrency of the Cardano blockchain. The primary use of the coin lies within the network's proof-of-stake mechanism. This involves token holders locking away (staking) ADA coins to validate transactions and secure the blockchain.
A transaction fee must be paid in ADA when using the Cardano blockchain. This allows validators in the network to complete the transfer within Cardano's settlement layer (see below for more details). All applications that are built on the Cardano blockchain will use ADA for transactional fees.
The coin also carries monetary value and, therefore, can be used to transact between friends, pay for goods and services and deposit funds on an exchange or decentralised application.
The supply of tokens is capped at a maximum of 45 billion ADA. Cardano is being built with two layers – the Cardano Settlement Layer and the Cardano Computation Layer. The two layers provide the flexibility businesses need to tailor smart contracts to their requirements.Cardano Settlement Layer. The settlement layer acts as the platform's balance ledger. It uses a proof-of-stake (PoS) algorithm to generate new blocks and confirm transactions.Cardano Computation Layer. The execution layer for smart contracts. The Cardano team will soon be launching a new programming language (Plutus) that will be used to build smart contracts.
Instead of using a proof-of-work consensus algorithm like Bitcoin, Cardano uses a proof-of-stake algorithm called Ouroboros. Under this system, blocks are generated and transactions verified by slot leaders, or validators. Anyone who holds ADA tokens can become a slot leader, with slot leaders randomly chosen using a coin-flipping protocol.
Cardano (ADA) is the 9th largest cryptocurrency in the world by market cap, valued at $10,770,023,495. The current price of Cardano is $0.307509, which is 0.109% higher than yesterday. Prices have ranged between $0.313171 and $0.305586 over the past 24 hours. All prices are listed in US dollars and accurate as of November 29, 2022 06:11 UTC.
Recent Cardano developments
June 1, 2022: Cardano (ADA) has surged 20% in five days as investors bet that this month's Vasil hard fork, which will upgrade the network, could boost it long term. Read full story
What is Bnb?
Binance Coin (BNB) is the token native for Binance and its blockchain-based ventures. The coin can be used to interact with the Binance cryptocurrency exchange as well as the ever-evolving DeFi ecosystem on the Binance Smart Chain network.
On the Binance exchange, BNB provides users with discounts on trading fees, serves as a trading pair for coins and is used on the Binance Decentralized Exchange (DEX). Fees paid in BNB are periodically “burnt”, which means they are permanently removed from circulation, which in turn decreases the supply and theoretically increases the value. Binance will continue to burn coins until the supply is reduced from 200 million to 100 million.
BNB is also used on the exchange to participate in launchpad events, which are similar to Initial Coin Offerings (ICO).
On the Binance Smart Chain (a smart contract platform developed by Binance based on Ethereum’s codebase), BNB is used to pay gas fees and has a central role in many DeFi applications (dapps). In this way, it is very similar to the role of ETH on Ethereum.
For instance, users can deposit BNB to provide liquidity on the PancakeSwap DEX or be traded for BEP-20 tokens (The BSC version of ERC-20 tokens).
Cardano (ADA) priceUse our graph to track the performance of (ADA) over time.
Cardano at a glance
|Total ADA supply||45,000,000,000|
|All time high||US$3.09|
|All time high date||September 02, 2021|
|Notable team members||Charles Hoskinson|
|Partnerships||Dish, Chainlink, Near Protocol|
|Token uses||Utility token, rewards|
Cardano price performance over time
Cardano in the news
Does Cardano (ADA) Have Best Staking on Cryptocurrency Market?
Cardano’s Charles Hoskinson Predicts Crypto Will Play Significant Role in Elon Musk’s Twitter Takeover
Cosmos Surpasses Cardano in GitHub Daily Development Activity
Disclaimer: Cryptocurrencies, including Cardano, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ADA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Cardano or any other cryptocurrency discussed.
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