In the past 24 hours, the price of Cardano has increased by 5.1%. It's price has risen by 14.8% in the last 7 days. The current price per ADA is $0.94 AUD. There is a current circulating supply of 35,045,020,830 ADA.
Cardano (ADA) is a blockchain platform that validates high-speed transactions with low computing costs, using the proof-of-stake (PoS) consensus protocol. Cardano is one of the biggest cryptocurrencies by market cap, being hailed as the evolution of Ethereum (ETH). The Cardano blockchain is used to host decentralised applications (dApps) and execute smart contracts.
Cardano’s proof-of-stake protocol, named the Ouroboros protocol, aims to offer a greater level of security than existing proof-of-work protocols while keeping computing costs low. ADA is the native token on the Cardano blockchain, ADA tokens can be used for staking on the Cardano platform to aid in verifying transactions. Anyone who stakes ADA is rewarded with more ADA tokens. The Cardano roadmap plans to use ADA to help facilitate smart contracts and run applications on the Cardano network.
Learn more about Cardano in our In-depth guide to ADA, available on Swyftx Learn.
The Cardano price charts display the price of ADA in Australian dollars (AUD). Swyftx users can use these charts to conduct crypto technical analysis, develop trading see the live live Cardano price today.
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Cardano was founded in 2017 by Charles Hoskinson, a digital currencies entrepreneur and co-founder of the Ethereum network. Hoskinson aimed to provide a more balanced and sustainable ecosystem for cryptocurrency.