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what is Cardano(ADA)?

Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.

To learn more about this project, check out our deep dive of Cardano.

The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.

Cardano was founded back in 2017, and named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. The ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.

The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.

In August 2021, Charles Hoskinson announced the launch of the Alonzo hard fork, causing Cardano price to surge, gaining 116% in the following month. On Sept. 12, 2021, the Cardano ‘Alonzo’ hard fork officially launched, bringing smart contract functionality to the blockchain. Over 100 smart contracts were deployed in the following 24 hours after the launch.

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.

What are the different types of cryptocurrency exchanges?

Binance、Coinbase Pro、OKEx、Kraken、Huobi Global、Bitfinex、MEXC

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Latest Cardano (ADA) news, we cover Cardano (ADA) news and blockchain news.
Follow the continued development of Cardano and the rise of a borderless, permissionless financial system. The evolution of the Cardano industry, the best ways to invest in Cardano, and how Cardano futures impact blockchain adoption. How industry stakeholders will work to make Cardano a mainstay in people's lives.

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Cardano ($ADA) TVL Up Over 82% Since Start of 2023 As Cardano DeFi Grows in Popularity


On Thursday (March 16), a popular pseudonymous $ADA whale commented on the growing importance and popularity of Cardano's DeFi ecosystem.

$ADA: Cardano's DeFi Total Value Locked Hits New All-Time High · Cardano Feed


A new record high of 336.8 million $ADA tokens, or more than $110 million at the time of writing, has recently been reached for the total value locked in...

$ADA: Cardano's DeFi Total Value Locked Hits New All-Time High – Crypto News BTC


The overall worth locked on Cardano's decentralized finance (DeFi) ecosystem has just lately hit a brand new all-time excessive of 336.8 million $ADA tokens...

Crypto Analytics Firm Predicts Major Swings for Cardano, Maker and One AI Altcoin That’s Up Over 500% in 2023


Crypto analytics firm Santiment is predicting price volatility for Cardano (ADA), Maker (MKR), and Fetch.ai (FET) after they have all soared this year.

AI Altcoin Based on Cardano (ADA) Rallies After Elon Musk ChatGPT Rumors Swirl


An altcoin project focused on artificial general intelligence (AGI) technology has spiked following rumors that tech mogul Elon Musk had plans in the works for a new version of ChatGPT.

Cardano Network's Upcoming Upgrade to Improve Interoperability By CoinEdition


Cardano Network is set to deploy a new cryptographic primitive that will improve the interoperability of the blockchain. The upcoming upgrade will make it...

Can Ethereum reach $10000? Here's how this could be possible · Cardano Feed


Ethereum (ETH), the second-ranked crypto by market capitalization, has recorded enormous gains in recent years both from a price level and development...

Cardano Sees Huge Spike in Whale Activity As ADA Consolidates: Analytics Firm Santiment


Analytics platform Santiment says whale activity is soaring on the Cardano (ADA) blockchain as the token continues to consolidate.

Cardano's Charles Hoskinson isn't big on Ethereum staking; here's why


. Charles Hoskinson is not a big fan of Ethereum staking. Hoskinson is usually an outspoken crypto founder who is known to provide insight into...

Cardano (ADA) Launches New Ethereum-Compatible Sidechain Proof of Concept


Smart contract platform Cardano (ADA) is launching a new sidechain proof of concept that is compatible with Ethereum (ETH).

Revolut To Roll Out Crypto Staking Service for Ethereum (ETH), Cardano (ADA) and Two More Altcoins: Report


UK-based banking app Revolut is soft-launching customer crypto staking for four prominent altcoins.

Cardano or Polygon: Which Blockchain is BETTER?


Blockchains and decentralized platforms have emerged as a revolutionary technology that is transforming the way we store, process, and verify transactions.