Cardano (ADA) price for today $2.42
Market capitalization $77,386,528,349
Price movement in the last 24 hours
POS return of investment yearly 5.00 %
24-hour trading volume $2,716,783,227.38.
POS return of investment montly 0.42 %
ADA to stake : 0.00 ADA ($0.00)
Yearly Earning : 0.00 ADA ($0.00)
Montly Earning : 0.00 ADA ($0.00)
Weekly Earning : 0.00 ADA ($0.00)
Daily Earning : 0.00 ADA ($0.00)
Cardano works on a proof-of-stake algorithm, instead of the often used PoW (Proof-of-Work). The Ouroboros protocol was designed by a talented cryptographic team of five academic institutions led by Professor Aggelos Kiayiasom of the University of Edinburgh. The main innovation is a modular and flexible design, enabling the composition of multiple protocols to increase overall functionality and security. At the same time, it eliminates the need for energy-intensive calculations that may be typical of Proof-of-Work. The level of security demonstrated by Ouroboros is comparable to the security level of the technology on which Bitcoin works.