The Cardano price is currently $ 0.089165 with a 24-hour trading volume of $ 650.32M across 56 exchanges. The ADA price is down -2.78% in the last 24 hours. The Cardano price prediction sentiment is currently bearish. Cardano reached its highest price on January 4, 2018, when it was trading at its all-time high of $ 1.33. It has a circulating supply of 31.46B ADA with a total supply of 45.00B ADA. The best exchange for trading Cardano is Binance.

Cardano is a cryptocurrency project that’s creating a platform for smart contracts and decentralized applications with a focus on advanced functionality and scalability. The native asset of the Cardano blockchain is called ADA, and it can also be used for simple value transfers just like any other cryptocurrency. The maximum supply of ADA is set at 45 billion coins.

Key Cardano features:

Launched in 2017 after $62.2 million ICO

Blockchain platform for smart contracts and decentralized applications

Based on a proof-of-stake consensus mechanism

IOHK, Cardano Foundation and Emurgo are the main organizations in the Cardano ecosystem

In order to fund development, the Cardano project raised $62.2 million in an initial coin offering (ICO) that was completed in January of 2017.

One of the leading figures behind Cardano is Charles Hoskinson, who was one of the initial founders of the Ethereum project. However, Hoskinson left Ethereum as he did not share the team’s vision for the future direction of the project.

Cardano is known in the cryptocurrency community as an ambitious project with a rigorous approach to development – for example, the protocol’s Ouroboros proof-of-stake consensus protocol has been subject to academic peer review.

The Cardano project has three main arms which serve different functions within the ecosystem – IOHK, Cardano Foundation and Emurgo. IOHK takes care of the technical development of the Cardano protocol, the Cardano Foundation promotes the adoption of Cardano, while Emurgo is primarily focused on commercial applications of Cardano’s technology.

For its smart contracts, Cardano uses a programming language called Plutus. According to the project, Plutus provides significant security advantages over other programming languages used for smart contracts.

Cardano divides its roadmap into 5 major phases, with each focusing on a specific aspect of the Cardano protocol. Here’s the phases listed from first to last:

Byron (Foundation)

Shelley (Decentralization)

Goguen (Smart contracts)

Basho (Scaling)

Voltaire (Governance)

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