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Cardano (ADA) is public based decentralized block chain and its main goal is innovation in the field of Cryptocurrency. It was founded on 2017 and named on an Italian Polyymath Cardano. The crypto main feature is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism, which is less energy intensive than the proof-of-work algorithm relied upon by Bitcoin.
Image from google images.
Below is the major highlights of the coin as taken from coinmarketcap.com.
Major Projects of ADA:
- ERGODEX a decentralized exchange
- OCCAMFI Cardano's smart DeFi layer.
- CARDSTARTER First insured project accelerator.
- SINGULARITYNET a decentralized market place
- SUNDAESWAP the Cardano equivalent of Uniswap
Below is the current price chart as taken from coinmarketcap.com
The coin seems to be on its accumulation stage before it can jump to a $4 mark hopefully by the end of 2021.
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