Cardano (ADA) What is?
Cardano (ADA) was founded in 2017 and originated with the idea of Charles Hoskinson, one of the co-founders of Ethereum (ETH), who is currently the CEO of Cardano and IOHK (Input Output Hong Kong). Ken ADA to Raise $62,000,000 ICO (Initial Coin Offering) The Cardano blockchain platform is open-source that can be programmed on the blockchain using Smart Contracts. Transactions on the Cardano blockchain use Proof of Stake (PoS), which is different from the Ethereum (ETH) blockchain that uses Proof of Work (PoW).
What is the highlight of this project??
The strength of the Cardano blockchain is its layered architecture, or division of functions that work together to solve major problems. that happened in the previous blockchain which includes the ability to expand (Scalability), the ability to work together. (Interoperability) and Sustainability (Sustainability) with 3 major organizations involved in the development and maintenance of the system, namely IOHK, Emurgo, Cardano Foundation. It “standards, protects and promotes Cardano Protocol technology” and is regarded as the world’s first blockchain-based platform based on research approaches and scientific philosophy, with a series of whitepapers and academic papers available to investors. That gives people the opportunity to do more research to innovate.
And back in April 2021, Hoskinson said that the Alonzo upgrade will be rolled out in August that will allow the blockchain-based Cardano to use its smart contracts to build a standardized DeFi-enabled ecosystem. equivalent to the market leader With the launch of the Deadalus Wallet, a wallet designed specifically for ADA, the Deadalus is primarily intended as a storage wallet. Cryptocurrency There are several currencies that allow users to trade. Cryptocurrency The system supports freely or even view specific information related to the state of the Cardano blockchain. In addition, the transaction code is a private key that can stake ADA coins on Deadalus.
The current market value of ADA is $17,132,629,363, or approximately 626,789,653,416 baht, is ranked 8th on Coingecko, and has a circulating supply at 33,820,262,543 ADA out of 45,000,000,000 ADA
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