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As of 09:30 AM (UTC) today, BTC is trading at $27,542, down by -0.08%.Most major cryptocurrencies by market cap are trading mixed. The global cryptocurrency market cap now stands at $1.09T, down by -2.53% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $27,161 and $27,636 over the past 24 hours. The current price of ADA is updated and available in real time on Binance. The current price of ADA can be accessed in real-time on Binance. In addition, Cardano has plans to launch two stablecoins and continue developing oracles, which are essential for connecting on-chain and off-chain data. This protocol will allow developers to introduce specialized and complex protocols to the platform by building on top of Cardano. The network is further exploring this area with the preparation for Hydra, which provides a layer 2 scaling solution. The token is named after Ada Lovelace, a 19th century mathematician recognized as the world’s first computer programmer.Ĭardano reportedly made significant progress in improving network scalability in 2022 through the Vasil hard fork. The native Cardano cryptocurrency token is ADA, which enables users to participate in network operations. Function on the Cardano blockchain is facilitated by the capabilities granted by smart contract protocol, a technology initially popularized by Ethereum. To date, the Cardano blockchain network is one of the largest to have successfully implemented a PoS consensus mechanism that’s more power-efficient than alternative proof-of-work (PoW) blockchain networks. Cardano price is updated in real-time on Binance.

In fact, Cardano is seen as a more scalable alternative to Ethereum. It was first conceptualized in 2015 by Charles Hoskinson, one of the co-founders of the Ethereum blockchain network.Ĭardano was developed to address the blockchain scaling and infrastructural limitations of first-generation decentralized blockchain network Bitcoin, and second-generation networks like Ethereum. Cardano (ADA) is a decentralized proof-of-stake (PoS) blockchain platform that launched in 2017.