Cardano
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About Cardano
Cardano (ADA) is ranked #18 by market capitalisation, at $7.3B. Circulating supply: 37.57B ADA, out of a maximum supply of 45B. The price is 93.7% below its all-time high of $3.09, set on September 1, 2021. Categories: Smart Contract Platform, Layer 1 (L1), Cardano Ecosystem, Proof of Stake (PoS).
Cardano is a blockchain platform built on academic research that enables smart contracts and decentralized applications while using significantly less energy than traditional cryptocurrencies like Bitcoin. What sets Cardano apart is its methodical, research-driven approach — every major feature is peer-reviewed by scientists and cryptographers before being added to the network.
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This careful process aims to create a more secure and stable foundation compared to platforms that prioritize speed over thorough testing. The platform's native cryptocurrency, ADA, is used to send money, pay transaction fees, and participate in network governance. Cardano uses a proof-of-stake system to process transactions, which works differently from Bitcoin's mining approach.
Instead of competing to solve complex puzzles, users can "stake" their ADA — essentially locking it up temporarily — to become validators who verify transactions. The system selects validators based on how much ADA they've staked and for how long, then rewards them with additional ADA for their participation. This approach uses far less energy than traditional mining while keeping the network secure.
Project description: CoinGecko (in English).