Cardano (ADA) is a blockchain platform and cryptocurrency created by Input Output Hong Kong (IOHK) and led by Charles Hoskinson, one of the co-founders of Ethereum. The Cardano network is designed to be a scalable and secure platform for building decentralized applications (dApps) and smart contracts.
The Cardano platform uses a proof-of-stake (PoS) consensus algorithm called Ouroboros, which is designed to be energy-efficient and secure. It is also divided into two layers: the Cardano Settlement Layer (CSL) for handling transactions and the Cardano Computational Layer (CCL) for executing smart contracts and dApps.
Cardano's development is based on a scientific philosophy, which involves peer-reviewed research and a focus on formal methods and evidence-based techniques to ensure security and reliability. It also incorporates a treasury system that is controlled by the community, which enables the funding of development projects and proposals.
Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.
The ADA cryptocurrency is used for transactions and as a means of exchange on the Cardano network. It can also be staked by users to participate in the network's consensus and earn rewards.
Where to buy ADA Token
You can find ADA Token here at CoinTR Exchange! We are listing ADA/USDT, ADA/TRY on Spot Market and support up to 50X ADAUSDT Perpetual Futures!
What is the Price of ADA
The price of the ADA token is $0.3826 per unit. It has a market cap of $13,313,846,974 and a fully diluted market cap of $17,216,253,249 . It also has a 24-hour trading volume of $263,448,513. You can check the live price of their token right here!
How to buy ADA
Looking for a way to buy ADA. You can purchase ADA on CoinTR following the steps:
1. Log in your CoinTR account and click [Markets]. Click on [Spot].
2. Search “ADA” using the search bar to see the available trading pairs. Take ADA/USDT as an example,click [Trade].
3.Go to the [Spot] box. Enter the amount of ADA you want to buy. You can choose from opening a Limit order or a Market order. Take Market order as an example. Click [Buy ADA] to confirm your order. You will find the purchased ADA in your Spot Wallet.
Disclaimer: The views, thoughts, and opinions expressed in the article shall not be considered as investment advice and do not reflect the position of CoinTR, please use it at your own risk.