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- SLE
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- MRU
- CNH
What is Cardano?
ADA is a crypto coin running on Cardano Settlement Layer (CSL) blockchain, the first and most secure blockchain based on Proof of stake mechanism validating the transactions. Cardano team calls their proof of stake mechanism Ouroboros. Unlike Proof of Work, where miners invest energy intensive computing power to mine each block, proof of stake chooses a random miner based on the size of the stake (value). In order to generate or mint a new block, a slot leader is chosen with a probability proportional to the amount of coins this node is carrying. So one of ADA's advantages over Bitcoin, Ethereum and other similar cryptocurrencies is its energy-efficient proof of stake transaction validation system. ADA is flexible like Ethereum due to a second layer Cardano Computational Layer (CCL) which supports decentralized applications and smart contracts.
ADA was initially created by Input Output Hong Kong (IOHK), a blockchain development firm. The project was led by Charles Hoskinson who was a former co-founder of Ethereum, Etereum classic and Bitshares. Presently the ADA team consist of three organizations i.e. Cardano foundation, IOHK, and Emurgo.
The major use of Cardano is the transfer of value. Future development of applications on CCL layer can provide the easy and economical payment solution to service providers such as Uber, Upwork, and alike.
Latest Cardano News
- Justice for Bitcoin Supporter Julian Assange – PACE Confirms He Was a Political PrisonerBTCNEWS - 3 days agoSummary A resolution was passed in favor of Julian Assange in Strasbourg. The WikiLeaks founder spoke for the first time since his release from prison.…
- Bitcoin, Ethereum Potential for Positive Start to October: What are the Chances?BTCNEWS - 4 days agoKey Points Bitcoin and Ethereum experienced declines in September, with a surge in long liquidation volume. Despite the drops, there was no significant sell-off, indicating…
- Ethereum and TRON Dominate Stablecoin Market, According to CoinGeckoBTCNEWS - 4 days agoKey Points Ethereum and TRON hold a combined $144.4 billion, or 83.9% of the stablecoin market. Stablecoins are becoming increasingly important in global finance, with…
- Valour Launches New Ethereum Staking ETP on London Stock ExchangeBTCNEWS - 5 days agoKey Points Valour has launched a fully backed Ethereum staking ETP on the London Stock Exchange. The ETP offers institutional investors passive, non-leveraged exposure to…
- Bitcoin ETFs Record 7th Consecutive Inflow Day at $494MBTCNEWS - 1 week agoSummary Bitcoin ETFs recorded over $494 million in inflows on September 27, the biggest influx day since June. BTC price holds above $65,000. Yesterday, September…
- Coinbase to Delist Unauthorized Stablecoins in Europe by Year-End Amid MiCA Regulationcrypto.ro - 1 day agoCoinbase Global Inc. announced that it will delist all unauthorized stablecoins from its crypto exchange in the European Economic Area (EEA) by the end of…
- HBO’s New Documentary Claims to Unmask Bitcoin Creator Satoshi Nakamotocrypto.ro - 1 day agoAn upcoming HBO documentary, titled “Money Electric: The Bitcoin Mystery,” aims to reveal the true identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin. Directed…
- Franklin Templeton Expands OnChain U.S. Government Money Fund to Aptos Blockchaincrypto.ro - 1 day agoGlobal asset management leader Franklin Templeton has broadened the reach of its OnChain U.S. Government Money Fund (FOBXX) by launching it on the Aptos blockchain.…
- Is Uptober Over?crypto.ro - 1 day agoThe optimism surrounding October, commonly referred to as “Uptober” by the crypto community, has started to wane as cryptocurrency markets face continued downturns. The bullish…
- 25,000X ROI Projection Post-Platform Launch Takes ETFSwap (ETFS) Community By Stormcrypto.ro - 1 day agoETFSwap (ETFS) is sparking curiosity with a bold 25,000X ROI projection set to follow its platform post-launch. Investors are taking notice, especially with the incoming…
- HBO Special Fuels Polymarket’s Wager on Len Sassaman as Bitcoin’s MastermindBlockInsider - 1 day agoKey Points A new HBO documentary fuels speculation that Len Sassaman, a software engineer and privacy advocate, could be the creator of Bitcoin. Despite this,…
- Bitcoin Options Worth $1 Billion Expire, BTC Price Remains Over $60,000BlockInsider - 1 day agoKey Points Bitcoin options worth $1 billion are set to expire as Bitcoin’s price remains above $60,000. Bitcoin’s Taker Buy/Sell Ratio on the OKX exchange…
- ‘No-Brainer’ Bitcoin Price Rebounds, Says Expert AnalystBlockInsider - 1 day agoKey Points Bitcoin’s price has dropped 6% since September 30, 2024, to $61,000, which some analysts see as a buying opportunity. Geopolitical tensions and economic…
- Unveiling the Truth: Did Satoshi Nakamoto Manipulate Bitcoin in Its Early Days?BlockInsider - 2 days agoKey Points New research suggests that Satoshi Nakamoto might have initiated a 51% mining attack on Bitcoin’s network in 2009. These alleged attacks were likely…
- Ethereum Price Predicts Bullish Surge: Vitalik Buterin Discusses Roadmap to Widespread AdoptionBlockInsider - 2 days agoKey Points Ethereum’s price indicates a potential bullish rebound amidst a bearish crypto outlook. Vitalik Buterin, Ethereum’s co-founder, proposes a pathway to reduce the minimum…
- Understanding Bitcoin Holder Behavior: Is short-term focus a factor?CoinEagle - 9 hours agoKey Points Bitcoin’s market sentiment has changed, with holders shifting towards short-term profit-taking. This shift could significantly impact Bitcoin’s price, particularly in light of the…
- Can Growing Demand Drive Bitcoin Beyond $62K?CoinEagle - 16 hours agoKey Points Bitcoin is steadily moving towards $62k, with rising buying pressure potentially aiding a bull rally. If a correction occurs, the cryptocurrency’s price could…
- Swiss Crypto Bank Forecasts Solana as Ethereum’s SuccessorCoinEagle - 23 hours agoKey Points Sygnum, a Swiss crypto bank, has identified Solana as a serious competitor to Ethereum in the finance sector. Solana has been gaining traction…
- Bitcoin Undervalued: Is it Prime Time to Invest in BTC Now?CoinEagle - 1 day agoKey Points Bitcoin [BTC] sentiment has shifted back to fear due to geopolitical disturbances, signaling a potential buying opportunity. Despite the fear, Bitcoin and the…
- Bitcoin May Plunge Under $60K, Analyst Warns – All Depends on This TrendCoinEagle - 1 day agoKey Points Bitcoin (BTC) experienced a 6.31% decline over the past week, with analysts predicting further downtrends. Despite the bearish market sentiment, BTC has shown…