What is the Current Cardano (ADA) Price?

June 18, 2022
Knowledge Center » Blog » What is the Current Cardano (ADA) Price?

Understanding Cardano

Cardano, abbreviated ADA, was first launched in 2017. Like many other cryptocurrencies, ADA is generated through the process of crypto mining. The Cardano blockchain platform's goal is to be a decentralized application (DApp) development platform for smart contracts and multi-asset ledgers. As a cryptocurrency, ADA runs on the Cardano blockchain, which is a separate blockchain than others like the Ethereum blockchain or the Bitcoin blockchain.

Cardano operates as a proof-of-stake protocol and the development of the protocol, blockchain, and cryptocurrency is overseen by The Cardano Foundation, IOHK, and EMURGO.

Currently, ADA trades on roughly 413 active markets.

About Trevor English

Trevor is a technology journalist & engineer who has made a career out of engineering and technical communication. His work has appeared on Curiosity, BBC, Interesting Engineering and other sites across the web. Originally the Chief editor for Interesting Engineering back in 2016, he now works with software & tech companies, aiding them in content marketing and technical communication. Currently living in Texas, he’s also a published children’s book author and producer for the YouTube channel Concerning Reality.

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