ADA Real-Time Price Data (Cardano)
ADA Shows Weekly Growth
Cardano's current price is ETH 0.00023167 with a 24-hour trading volume of ETH 281,484. The cryptocurrency has shown positive momentum over the past day with a +1.71% increase. However, in the last hour, ADA experienced a slight -0.04% decrease.
Key metrics:
- Total supply: $45,000,000,000
- Current market cap: ETH 8,364,067.00
- Circulating supply: $36,133,190,031.53
- Coingecko ranking: 11
Understanding Cardano (ADA)
Cardano is a decentralized, open-source blockchain platform secured by a Proof-of-Stake (PoS) consensus mechanism. Founded in 2017 by Charles Hoskinson (one of Ethereum's co-founders), ADA distinguishes itself through its research-driven approach to blockchain development.
Technical Architecture
The Cardano blockchain features a two-layer structure:
- Cardano Settlement Layer (CSL): Handles peer-to-peer ADA transactions
- Cardano Computation Layer (CCL): Executes smart contracts
The platform uses a unique PoS protocol called Ouroboros, which provides security comparable to Proof-of-Work systems but with significantly lower energy consumption.
👉 Learn more about Cardano's staking process
ADA/ETH Price Calculation
As of today's data:
- 1 ADA = ETH 0.00023167
- 1 ETH = [calculated ADA equivalent]
Staking ADA
Being a PoS blockchain, Cardano allows users to participate in network validation through staking. The most common methods include:
- Delegating ADA to staking pools
- Using Web 3.0 wallets like Daedalus or Yoroi
👉 Explore cryptocurrency conversion tools
FAQ
What makes Cardano different from other cryptocurrencies?
Cardano emphasizes academic research and scientific methodology in its development approach, focusing on solving scalability, interoperability, and sustainability issues.
How does Ouroboros work?
Ouroboros is Cardano's PoS protocol that divides time into epochs and slots to efficiently validate transactions while maintaining security with minimal energy use.
Where can I stake my ADA?
You can stake ADA through official wallets like Daedalus or Yoroi by delegating to staking pools.
Why did ADA's price drop slightly in the last hour?
Cryptocurrency prices fluctuate constantly due to market dynamics. The -0.04% change represents normal market volatility.
What determines ADA's value?
Factors include market demand, adoption rates, network upgrades, and overall cryptocurrency market trends.