Cardano Price

Cardano is a cryptocurrency and blockchain platform that aims to provide a more sustainable, scalable, and interoperable alternative to other blockchain networks. It was founded in 2015 and launched in 2017. Cardano uses a proof-of-stake consensus mechanism called Ouroboros, which is designed to be more energy-efficient than proof-of-work systems. Key features of Cardano include: 1. Layered architecture: It has a settlement layer for ADA transactions and a computational layer for smart contracts. 2. Scientific approach: The platform is developed based on peer-reviewed research. 3. Scalability: Cardano aims to handle a large number of transactions efficiently. 4. Sustainability: Its proof-of-stake mechanism requires less energy than proof-of-work. 5. Interoperability: The platform is designed to work seamlessly with other blockchain networks. As of 2026-02-24, ADA is ranked 12 by market capitalization, with a price of $0.2573 and a 24-hour trading volume of $2.54M. The total supply of ADA is 45B ADA, with 36.81B ADA in circulation. Cardano has gained significant attention in the crypto space due to its scientific approach and potential for scalability.

Cardano was created in September 2017. The project was founded in 2015 by Charles Hoskinson, one of the co-founders of Ethereum, but the ADA cryptocurrency itself was officially launched on September 29, 2017. This launch came after an initial coin offering (ICO) that raised $62 million. Cardano was developed as a third-generation blockchain platform, aiming to address the scalability and sustainability issues faced by earlier blockchain networks. It uses a unique proof-of-stake consensus mechanism called Ouroboros, which was designed to be more energy-efficient than proof-of-work systems used by cryptocurrencies like Bitcoin.

The founders of Cardano are Charles Hoskinson and Jeremy Wood. They established the Cardano project in 2015 after previously being core members of the Ethereum team. Hoskinson, who also co-founded Ethereum, serves as the CEO of IOHK (Input Output Hong Kong), the company developing Cardano. Wood is the Chief Strategy Officer of IOHK. Together, they aimed to create a more scalable, sustainable, and interoperable blockchain platform with Cardano as its native cryptocurrency. The project was named after Gerolamo Cardano, a 16th-century Italian mathematician, while the ADA token was named after Ada Lovelace, considered the world's first computer programmer.

Cardano operates on a layered blockchain architecture consisting of a settlement layer (CSL) and a control layer (CCL). The CSL handles ADA token transfers and transaction records, while the CCL contains smart contract functionality for decentralized applications. Cardano uses the Ouroboros proof-of-stake consensus mechanism to validate transactions and secure the network. Time is divided into epochs and slots, with slot leaders randomly selected to add new blocks. This provides scalability and energy efficiency compared to proof-of-work systems. The ADA token is the native cryptocurrency of the Cardano network, used for transactions, staking, and governance. There is a maximum supply of 45B ADA ADA, with 36.81B ADA currently in circulation as of 2026-02-24. Cardano's layered design and innovative consensus mechanism aim to provide a highly scalable, sustainable blockchain platform for decentralized applications and financial services. The project continues to develop new features and upgrades to enhance its capabilities.

Cardano utilizes a layered architecture consisting of two main components: 1. Settlement Layer (CSL): Handles ADA token transfers and records transaction data. This forms the foundation of the Cardano system. 2. Computation Layer (CCL): Contains smart contract functionality for developers to build decentralized applications. The Cardano blockchain uses the Ouroboros consensus protocol, an innovative proof-of-stake mechanism. Ouroboros divides time into epochs and slots, with slot leaders randomly selected to add new blocks. This ensures security and energy efficiency. Key technical features include: - Separation of accounting and computation layers for scalability - Formal verification of smart contracts - Sidechains for interoperability - Treasury system for sustainable development funding The modular, layered design allows Cardano to evolve through soft forks, enabling upgrades without disrupting the network. This architecture aims to solve scalability, interoperability and sustainability challenges faced by earlier blockchain platforms.

The future and roadmap of Cardano look promising. Key developments include: 1. Scalability improvements: Implementing Hydra layer-2 solution to significantly increase transaction throughput. 2. Governance enhancements: Transitioning to a fully decentralized governance model through Voltaire era. 3. Smart contract optimization: Continuing to refine and expand smart contract capabilities on the Cardano blockchain. 4. Interoperability: Developing cross-chain bridges and protocols to connect with other blockchain networks. 5. Real-world adoption: Focusing on partnerships and use cases in finance, education, healthcare, and government sectors. 6. Sustainability initiatives: Implementing eco-friendly consensus mechanisms and carbon-neutral blockchain operations. The Cardano team aims to position ADA as a leading blockchain platform for decentralized applications and real-world utility by 2031. Price predictions suggest ADA could reach $0.5448 by 2031 and potentially -- by 2036, though these are speculative estimates.