Cardano Price (ADA)

ADA is the cryptocurrency native to the Cardano network. It serves multiple functions, such as covering transaction costs, staking to enhance the network's security, voting in governance decisions, engaging with smart contracts and decentralized apps (dApps), and accessing decentralized finance (DeFi) protocols and NFT platforms.

ADA is mainly used for covering transaction fees on the Cardano network, rewarding users and preventing spam activities. It is also integral to the network's proof-of-stake (PoS) consensus model, enabling users to stake their ADA, enhance network security, and earn rewards. ADA gives holders the ability to participate in Cardano’s on-chain governance, voting on proposals that shape the future of the platform. Additionally, ADA is utilized in smart contracts, DeFi projects, NFT platforms, and for accessing various services within the Cardano ecosystem.

Cardano is a blockchain platform focused on security, scalability, and innovation. It enables users to stake ADA, securing the network and earning rewards. With a two-layer architecture, Cardano separates transaction processing and smart contracts for better efficiency. The Ouroboros proof-of-stake protocol ensures secure block production. Cardano also supports smart contracts and dApps, allowing developers to build on its infrastructure. ADA holders participate in governance through voting, making it a highly scalable platform with transformative potential.

Cardano was founded by Charles Hoskinson, a mathematician and entrepreneur. He is also a co-founder of Ethereum. Hoskinson created Cardano with the vision of building a scalable, secure, and sustainable blockchain platform, launching IOHK (Input Output Hong Kong) in 2015 to develop the project.

Cardano has a total maximum supply of 45 billion ADA tokens, with 35.11 billion ADA currently in circulation.

Cardano uses Ouroboros PoS for secure and efficient consensus. Time is split into epochs and slots, where leaders are chosen randomly based on their ADA stake. Users delegate ADA to pools, which are rewarded proportionally. This PoS system ensures energy efficiency, unlike PoW systems like Bitcoin.

You can buy ADA directly from EXMON using a debit or credit card. ADA can also be traded for other cryptocurrencies on the EXMON exchange. The live ADA price is updated in real-time on EXMON. For more details, refer to our How to Buy Cardano (ADA) Guide.

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