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Cardano Price(ADA)

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1 ADA =
USD $0.3784838
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Last updated 2023/01/24 08:57 (UTC)
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$ 0.3784838
+0.87%
(1D)

ADA Price Live Data

The live price of Cardano is $ 0.3784838 per (ADA / USD) today with a current market cap of $ 13.09B USD. 24-hour trading volume is $ 324.59M USD. ADA to USD price is updated in real-time. Cardano is +0.87% in the last 24 hours. It has a circulating supply of 34.57B USD.
ADA Price Performance USD
ChangeAmount%
Today$ 0.0032917+0.87%
30 Days$ 0.1801169+47.59%
60 Days$ 0.075141+19.85%
90 Days$ -0.0235281-6.22%

ADA Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 0.3735252
High: $ 0.3825035
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 3.0991862
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
+0.00%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+0.87%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+7.43%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+7.43%
The percent change in trading volume for this asset compared to 7 days ago.

ADA Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#8
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 13.09B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 324.59M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
34.57B
Circulating supply shows the number of coins or tokens that have been issued so far.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
34.57B
Circulating supply shows the number of coins or tokens that have been issued so far.

About Cardano (ADA)

Cardano (ADA) is a decentralized proof-of-stake (PoS) blockchain platform that launched in 2017. It was first conceptualized in 2015 by Charles Hoskinson, one of the co-founders of the Ethereum blockchain network. 

Cardano was developed to address the blockchain scaling and infrastructural limitations of first-generation decentralized blockchain network Bitcoin, and second-generation networks like Ethereum. In fact, Cardano is seen as a more scalable alternative to Ethereum. Cardano price is updated in real-time on Binance. 

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. Function on the Cardano blockchain is facilitated by the capabilities granted by smart contract protocol, a technology initially popularized by Ethereum.

The native Cardano cryptocurrency token is ADA, which enables users to participate in network operations. The token is named after Ada Lovelace, a 19th century mathematician recognized as the world’s first computer programmer.

People Also Ask: Other Questions About Cardano (ADA)

  1. What Does ADA Stand For?

    ADA was named after the world’s first recognized computer programmer, 19th century English mathematician Ada Lovelace. a. She is known for her work on the English description of The Analytical Engine, which was 18th century English mathematician and computer pioneer Charles Babbage’s mechanical general-purpose computer.

  2. What is Cardano (ADA) Used For?

    The primary purpose of the Cardano blockchain is as a global payment network facilitated by its native cryptocurrency, ADA. Additionally, Cardano serves to empower developers to build applications on its scalable, sustainable network. The network also has a mission to provide unbanked individuals everywhere with financial services and capabilities.

  3. How Many ADA Tokens Are in Circulation and is There A Max Supply?

    Cardano has a maximum supply of 45 billion ADA tokens. Of the current total of 34,277,702,081.605 ADA tokens, 33,752,565,071.288 are in circulation.

  4. Where Was Cardano (ADA) Founded?

    While Cardano’s founder, Charles Hoskinson, is from Hawaii, the Cardano foundation was founded and is currently based in Zug, Switzerland.

  5. Who Owns the Most Cardano (ADA)?

    Cardano’s founder, Charles Hoskinson, is believed to hold the highest amount of Cardano (ADA) tokens.

  6. How Does the Cardano Network Function?

    The Cardano blockchain is split into two layers:

    • The Cardano Settlement Layer (CSL) facilitates and records all ADA transactions. 

    • The Cardano Computation Layer (CCL) contains the smart contract logic, which determines the rules and conditions of each transaction. 

    Cardano uses what is known as Ouroboros, a PoS algorithm that creates blocks and validates transactions on the blockchain. As part of the consensus mechanism scheme, the network is divided into epochs and slots, with epochs representing the overarching timeframes and slots representing 20-second intervals. In every slot, a leader is randomly picked to add the next block onto the blockchain, after which the next slot leader is picked.

    There are three types of nodes that operate on Cardano:

    • Edge: Used to create cryptocurrency transactions.

    • mCore: Allows holders to stake ADA and participate in distributed governance.

    • Relay: Facilitates data transfers between mCore and the public internet.

  7. What is Different About Cardano (ADA)?

    Cardano is referred to as a third-generation cryptocurrency and is designed to build upon earlier generations, with BTC being first-generation and Ethereum second-generation. As a third-generation digital ecosystem built in 2017, Cardano seeks to provide faster, more scalable, and more energy-efficient solutions to the blockchain industry. 

    Here are some handy comparison guides by Binance:

    1. Ethereum vs Cardano 

    2. Bitcoin vs Cardano

    3. Cardano vs Ripple

    4. Cardano vs Ethereum 2.0

  8. How to Buy Cardano (ADA)? 

    ADA can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live ADA price is updated in real-time on Binance. For additional instructions and information read our How to Buy Cardano (ADA) Guide.

  9. How to Stake Cardano (ADA)?

    Cardano’s founder, Charles Hoskinson, is believed to hold the highest amount of Cardano (ADA) tokens.

  10. How Much Will Cardano (ADA) Be Worth in Future?

    Check out our Cardano (ADA) Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

Top News
Binance Market Update (2023-01-24)
The global cryptocurrency market cap now stands at $1.05T, up by 0.05% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $22,505 and $23,178 over the past 24 hours. As of 12:00 PM (UTC) today, BTC is trading at $22,925, up by 0.09%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include T, ADX, and ICX, up by 149%, 75%, and 31%, respectively.Top stories of the day:Definitely Nifty: NFTs Sold Topped 67% YoY Growth in 2022Crypto Wallets on Crosshair of Major Banks As They Take on PayPal, Apple PayBitcoin Jumps to $23K, Looks Bullish As Miner Sales Hit Three-Year LowSwiss Bank Cité Gestion Becomes First Private Bank to Tokenize Its Own SharesFirst Bitcoin Mining Powered By Nuclear Energy to Open in the U.S. in Q1 This YearMarket movers:ETH: $1625.96 (-0.65%)BNB: $314.3 (+2.54%)XRP: $0.4221 (-0.24%)ADA: $0.3779 (+0.03%)DOGE: $0.08886 (-1.12%)SOL: $24.46 (-0.69%)MATIC: $1.0138 (+0.56%)DOT: $6.518 (+1.57%)SHIB: $0.00001201 (-0.99%)LTC: $90.07 (-2.41%)Top gainers on Binance:T/BUSD (+149%)ADX/BUSD (+75%)ICX/BUSD (+31%)
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Cardano Developer IOG Explains Why 60% of All Nodes Went Offline
The Cardano blockchain experienced an anomaly on Saturday evening (07:00 pm EST, between block 8300569 and 8300570) that caused close to 60% of all active nodes to go offline for a short period of time. While the blockchain did not come to a standstill, there were delays in transactions. But what happened and what was the cause?One of the first to report the anomaly was Tom Stokes, co-founder and COO of Node Shark and operator of an ADA stake pool. He wrote: “A few hours ago over half of all Cardano nodes went offline. This is why decentralization matters,” and shared the chart below.As the above chart shows, the network recovered to around 87% within a short period of time. However, the cause of the incident remained unknown for a rather long time. At press time, the inventor of Cardano, Charles Hoskinson, had also not yet commented.Cardano Developer IOG RespondsA statement from the development company behind Cardano, Input Output Global (IOG), gave an explanation for the phenomenon. The company explained that a bug caused more than 50% of nodes to disconnect and restart.“This affected relay nodes and block-producing nodes – edge nodes do not appear to have been affected,” said IOG, which went on to explain that this appears to have been triggered by a temporary anomaly that triggered one of two reactions in the node; some disconnected from a peer, others threw an exception and restarted.According to the Cardano developer, this is a non-concerning event: Such transient issues (even if they were to affect all nodes) were considered in the design of the cardano-node and consensus. The systems behaved exactly as expected. Block production was only briefly impacted with a portion of the network falling out of sync for approximately https://cardanoscan.io/block/8300569 before nodes restarted. As the company emphasizes, the impact was therefore rather minor – “akin to the delays that occur during normal operations and often seen at epoch boundaries.”Most nodes recovered automatically without human intervention and performed a restart, depending on the choice of staking pool. Nevertheless, the company promises to further investigate the cause of the anomaly and to implement additional monitoring logging measures in addition to “regular” monitoring procedures.Within the community, the incident sparked discussions about the network’s decentralization and whether the anomaly is worrisome. One user wrote that such an incident is not common and that it has never happened before on Cardano.“There was one time where inefficient reward calculation over an epoch boundary slowed down nodes, that’s about it” the user explained. In general, however, the community agreed that the impact was minimal, as block creation only slowed down for a few minutes while nodes were rebooting.Regarding the decentralization of the network, though, some users expressed concern. Some said the event revealed that Cardano’s node diversity is not good enough. The only reason not all nodes went down was because not all nodes accepted incoming connections. “The survivability here was not due to node diversity, but node robustness,” another user added.Cardano (ADA) Price TodayThe 1-day chart of ADA shows a breakout from a downtrend that has lasted more than eight months. The next major price target is the zone between $0.42 and $0.43, where former strong support which has turned into resistance meets the 200-day EMA. At press time, ADA traded at $0.374.
Jake Simmons - Bitcoinist
2023-01-23
Jake Simmons - Bitcoinist
2023-01-23
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