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Cardano
Cardano vs USD
0.94316 -0.00693 (-0.74%)
31 Jan 2025 23:05
Buy
0.94316
Sell
0.94166
83.48%
Traders' feedback
16.52%
Closing
0.9389
Maximum price
0.9487
One week high
1.0083
52-week high
1.3255
Opening
0.9388
Minimum price
0.9408
One week low
0.8563
52-week low
0.2752
About
Overview
Technical
Instrument specification (Cardano)
Insta.Standard
Insta.Eurica
Buy
Sell
Commission
0.1%
Leverage
1:5
Lot
1000 Cardano
Spread
150
Buy swap
-0.05% (0%*)
Sell swap
-0.05% (0%*)
Minimum trade size
0.01 Lot
Short position
Available
Trading time
Around the clock Mo - Su
Cardano(Cardano vs USD). Forex quotes and online charts.

General informationCardano is a blockchain platform based on the Proof-Of-Stake mechanism. This protocol relies on consensus voting. The platform is one of the first blockchains designed with the use of the Haskell programming language, which is known for its high security level. Read more...

General information

Cardano is a blockchain platform based on the Proof-Of-Stake mechanism. This protocol relies on consensus voting. The platform is one of the first blockchains designed with the use of the Haskell programming language, which is known for its high security level.

The platform is named after Italian engineer and mathematician Gerolamo Cardano. Its main purpose is to create decentralized applications built on smart contracts.

Cardano was designed by a group of professionals, including Charles Hoskinson, a mathematician, entrepreneur, and Ethereum co-founder, Jeremy Wood, a cryptocurrency consultant, and Aggelos Kiayias, a cryptographer. The platform they created is based on scientific philosophy and research approach.

Cardano was first launched in 2017.

The blockchain platform has its own native cryptocurrency with the same name and the ADA ticker (named after Augusta Ada Lovelace, a 19th-century countess and English mathematician).

Features

The Cardano cryptocurrency is primarily used for transactions within its own CSL blockchain network. Transaction fees are less than $0.2 as of October 2022.

The ability to earn additional profit through staking is one of ADA’s features. The yield is about 4% per annum in this case.

The digital asset trades at a reasonable price, with an all-time high of $3.09 posted in September 2021 and a record low of $0.02 set in March 2020.

Prospects

Some experts see great potential in Cardano, believing it will compete with Bitcoin and Ethereum in the future.

The market capitalization of ADA exceeds $14 billion, making it one of the top 10 cryptocurrencies by market capitalization.

In addition, Cardano is eco-friendly and more energy efficient than Bitcoin, Ethereum, and other counterparts, which makes the coin more attractive among investors.

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