Cardano ADA
Cryptocurrency · Layer 1 · Proof of Stake (PoS) · launched in 2017
№15of 40 004
- $0.2148
- Price −2.63%
- $7.68 billion
- Capitalization
- $263.75 million
- Volume over 24 hours
- 0.28%
- Dominance
About the coin
- Circulating supply
- 36.81 billion ADA
- Total supply
- 44.99 billion ADA
- Maximum supply
- 45 billion ADA
- Fully diluted capitalization
- $9.39 billion
- 24h high
- $0.2231
- 24h low
- $0.2082
Cardano (ADA) is a high-tech decentralized layer-1 blockchain created by Ethereum co-founder Charles Hoskinson in 2017. The project stands out for its unique academic approach: its entire architecture is based on peer-reviewed scientific research and rigorous testing methods. The network operates on an energy-efficient Proof-of-Stake (PoS) consensus algorithm called Ouroboros.
The platform is designed for secure deployment of smart contracts, decentralized applications (dApps), and creation of global financial systems. The native ADA token is used to pay transaction fees, secure the network through staking, and participate in voting within the decentralized governance system (DAO).
Additional information
FAQ
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Cardano is a decentralized public Layer 1 blockchain platform with open source code. It was created to run smart contracts, create decentralized applications (dApps), and conduct secure multitasking transactions. The project is distinguished by a rigorous scientific approach, where each update undergoes expert review by scientists and engineers before implementation.
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The project was founded in 2015 by Charles Hoskinson, one of Ethereum's co-founders, and officially launched in 2017. Cardano's main distinction is its two-layer architecture: one handles calculations and coin transfers (CSL), while the second manages smart contracts and applications (CCL), enhancing security and scalability.
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Cardano uses an innovative and mathematically proven Proof-of-Stake (PoS) consensus algorithm called Ouroboros. It divides time into cycles (epochs and slots) and randomly selects slot leaders to create blocks. Ouroboros provides the highest level of security with minimal power consumption, unlike energy-intensive GPU mining.
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Staking in the Cardano network is maximally convenient and secure: user coins are never locked ("frozen") by a smart contract and can be spent at any time. ADA holders can delegate their votes to reliable stake pools, helping ensure network security and receiving regular rewards (approximately 4-5% annually) in return.
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The native token ADA is named after Ada Lovelace, the first programmer in history. It serves three key roles: it is used to pay fees for sending transactions and executing smart contracts, is applied in the staking mechanism to secure the blockchain, and grants voting rights in Project Catalyst — a decentralized governance system where the community distributes grants for development.
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .