[Cardano (ADA) Coin Overview]
Classification: Platform, Smart Contracts, Staking, Layer 1, Made in USA
1. What is Cardano?
Cardano (ADA) is a blockchain platform and cryptocurrency founded in 2017. The project focuses on utilizing blockchain technology to build secure and scalable decentralized applications and smart contracts. Cardano adopts a scientific approach, continuously evolving through rigorous research and development.
2. Key Features
- Modular Architecture: Cardano is based on a modular architecture consisting of Layer 1 and Layer 2, providing segmented functionality that maximizes scalability and efficiency.
- Ouroboros: Cardano's proprietary consensus algorithm, Ouroboros, is a Proof of Stake (PoS) mechanism designed to enhance energy efficiency and security.
[Total Supply & Circulating Supply]
- Total Supply: The total supply of Cardano is set at approximately 45 billion ADA, predetermined from the early stages of development.
- Circulating Supply: Currently, around 34.1 billion ADA are in circulation, accounting for approximately 75% of the total supply. The remaining tokens are either stored or used for staking to enhance network security.
[All-Time High & All-Time Low]
- All-Time High: $3.10 on September 2, 2021
- All-Time Low: $0.01735 on October 2, 2017
[Future Development Projects]
1. Expansion of Smart Contracts & DeFi Ecosystem
Cardano continues to update its smart contract capabilities and is focused on expanding its decentralized finance (DeFi) ecosystem. This includes forming various partnerships and collaborations to diversify its ecosystem.
2. Asset Management Functionality
Cardano aims to enhance asset management features, allowing users to securely manage and trade assets on its platform. This will provide a more direct and user-friendly experience.
3. Sustainable Development
Cardano is committed to sustainable development by minimizing environmental impact while advancing blockchain technology. This demonstrates its dedication to increasing utility and fulfilling social responsibility.
