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Park: Cardano (ADA)


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Cardano (ADA / USD)
Cardano is a technology platform that runs crypto currency ADA. Launched by the Hong Kong Input Output (IOHK) blockchain development company and headed by Charles Hoskinson, former founder of Ethereum and BitShares, the platform is capable of running smart financial applications, smart contracts and applications.

At time of writing, the price of Cardano is worth $ 0.27400. It is currently the fifth largest crypto in circulation, with a market share of about $ 7 billion. Nicknamed "Ethereum of Japan" because 95% of participants in the initial ADA coin offer (ICO) are Japanese, Cardano prices rose to a peak of $ 1.37879 on Jan. 4, the highest in its three-year history.

Graph ADAUSDGraphic ADAUSD

Cardano has a goal to be a sophisticated smart contract platform - its developers have discovered a new Proof-of-Stake (POS) method called Ouroboros-offering features that are stronger than Ethereum, while also functioning quickly, efficiently and inexpensively by providing the same features as the 'value store' we see in Bitcoin. Cryptocurrency fans praised it as an improved version of Bitcoin and Ethereum all in one coin.

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