About Cardano

What is the Cardano price today?

The ADA price is currently $0.24. The price of Cardano is -9.01% over the last 30 days. You can use the live Cardano chart to track the ADA/USD price in real time above, or compare the Cardano value today to its past performance using the Cardano price history tab at the top of this page.

What is the total supply of ADA?

The circulating supply is 35,118,400,042.06 ADA, out of a total maximum supply of 45,000,000,000.00 ADA.

What is the price prediction for Cardano?

The average Cardano price prediction values the coin at $25 by the end of 2025. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all impact its price.

It’s best to take predictions with a grain of salt, but you can use expert estimates to help you understand the weight of opinion about a coin. Read our latest Cardano price prediction for more analysis and guidance.

What is Cardano?

Cardano is one of the biggest cryptocurrencies by market cap and is a poof of stake blockchain. It’s ecosystem allows developers to build decentralised applications using smart contracts on its network. It’s often referred to as an Ethereum killer, because its goal is to improve the functionality that Ethereum is missing.

ADA is the platforms native cryptocurrency and can be used for several purposes. ADA can be used as a store of value – where investors buy and hold for a long period of time. ADA can be used as a means of payment for goods or services, transferring funds, or paying transactions fees on the blockchain.

One of the defining features of Cardano is that all of its updates are peer-reviewed before release. This means that all of the research and development goes through a vigorous academic back-and-forth before it goes live. Although most cryptocurrencies write up how they work in whitepapers, Cardano leans into this extra layer of scientific approval to give its platform a vote of authority.

How does Cardano work?

Cardano works by utilising blockchain technology. In it’s simplest form, a blockchain is a large, decentralised ledger where transactions are recorded. Cardano uses a proof of stake mechanism which means each transaction is verified by other users on the network known as validators.This is similar to how Ethereum works, but the Cardano twist is that it’s developed a code called Ouroboros that operates a bit differently.

On Cardano, there is a series of ‘pools’ and Ouroboros selects one randomly each time it wants to verify a transaction. If you own ADA, you have the option to add some coins to one of these pools. Once the process is complete, the pool earns new ADA as a reward which is then handed out to anyone who contributed to the pool.

How is the Cardanonetwork secured?

The Cardano blockchain and ADA coin secure the network. It’s a proof of stake blockchain which means every transaction on the network is verified by other users known as validators. These validators are rewarded in ADA coins for securing transactions. Anyone who owns ADA coins can be a validator and the network’s algorithm randomly selects coin holders from ‘pools’ to verify a transaction.

What is Cardanoused for?

The platform has multiple uses. Cardano is a layer one cryptocurrency, which means anyone can create decentralised applications on it, through smart contracts which are stored on its blockchain – this is similar to how Ethereum works. ADA is also one of the largest cryptocurrencies by market cap and, as a result, is used by speculators. Traders or investors can buy and sell ADA to profit from its price fluctuations.

Why does ADA have value?

Cardano’s value comes from its transaction speeds, energy efficiency, and its peer reviewed blockchain technology and development. Cardano can process 250 transactions per second; compared with Bitcoin (7) or Ethereum (20), it is much faster. Transaction fees are around $1 with Cardano, significantly cheaper than other cryptocurrencies. Its proof of stake algorithm consumes much less energy than proof of work platforms such as Bitcoin, with some experts suggesting its 1.6 million times more energy efficient than BTC. Finally, Cardano works closely with academics to produce peer reviewed research to develop its blockchain technology.

Who created Cardano?

Cardano was created by the co-founder of Ethereum, Charles Hoskinson. Development of the platform began in 2015 before it was launched in 2017. The platforms cryptocurrency, ADA, was named after Augusta Ada King, Countess of Lovelace, who is regarded as the first computer programmer. Hoskinson developed Cardano as an alternative to Ethereum and both platforms are used for similar purposes.

Where can I buy Cardano?

You can buy Cardano on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

You can deposit money into a broker or exchange account by a bank transfer or card payment. However, if you prefer to use a different payment method, like PayPal, then your options may be more limited, although many brokers do accept a range of payment methods.

Are there any other ways to invest in Cardano?

The simplest way to invest in Cardano is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies more suited to high net worth individuals. As Cardano’s popularity has grown in recent years, there are a number of ETFs focusing specifically on the platform.

Are there any Cardanoalternatives?

Cardano is generally viewed an an alternative to Ethereum and there are many other cryptocurrencies that have attempted to imitate it. Cardano is one of the most popular crypto but there are others that offer similar features. Below is a selection of three Cardano alternatives.

• Ethereum. Ethereum operates in a similar fashion to Cardano.
• Polkadot. Polkadot is a blockchain network being built to enable Web 3.0
• Polygon. Polygon lets you build and connect Ethereum-compatible blockchain networks.

More crypto guides

• Cardano staking calculator