Cardano (ADA)

decentralized applications
smart contracts
token issuance
proof of stake
platform
#12

Marketcap Ranking

0.046155 (4.23%) arrow_drop_up

Market Price (24h change)

1,196,672,755

Total Market Cap

4.4

3.4

info_outline What is Cardano

4.5

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Short Description

Developers position Cardano as the “third generation blockchain." The main goal of the platform is to implement all the best features of Litecoin, bitcoin and ethereum into one cryptocurrency; complementing the resulting mixture with a number of additional innovative technologies. Security and reliability are higher than Bitcoin, p2p transactions are faster and cheaper than Litecoin, and smart contracts are better implemented than Ethereum. The result is a multi-level, decentralized and flexible system. The Cardano platform is powered by the ADA coin. Security. Cardano's cryptocurrency is created in a highly secure programming language called Haskell, which is considered the most secure software language, reducing the risk of critical errors and DDoS attacks. Robust ecosystem

Cardano uses the innovative Proof of Stake algorithm called Ouroboros, which is the first truly secure method for users, as confirmed by scientific research. Legal support. Unlike many cryptocurrencies that offer anonymity and sacrifice their reputation (money laundering charges), the Cardano team has very well established relations with governments and regulatory authorities (especially in Japan), which until recently had condemned the idea of ​​cryptocurrencies. Official daedalus wallet. It has a Staking mechanism, with the help of which it is possible to earn money on the storage of ADA. Finite supply. Cardano team has limited the maximum number of ADA coins at around 45 billion. Analysts are generally optimistic about the prospects for the Cardano project (ADA). Cryptocurrency growth is forecasted due to the following factors:

- Continuous work to improve the project. - A serious approach to development, attracting the best scientists and businessmen to the project. - Stable flow of investors. - Plans to achieve full decentralization of the system. - The attractiveness of using innovative technological solutions in the project. - Cardano is an ambitious project that tackled many important issues of the crypto industry. - It is nice to see a development team that pays great attention to code verification and security measures.

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Introduction Video

Basics of Cardano | Money Investing University

What is Cardano? In this video I will cover the basics of Cardano/ADA for beginners. I will go over some of the main features as well as the proof-of-stake protocol for Cardano/A ...

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Screenshot from Website

www.cardano.org
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Visit Webpage

Website Informationclose

Organization: WhoisGuard, Inc.
Name: WhoisGuard Protected
Country: PA
City: Panama
Zipcode:
Address: P.O. Box 0823-03411
Mail: abuse@namecheap.com
Creation date: 2014-09-05
Expiration date: 2024-09-05
Nameserver: DAVID.NS.CLOUDFLARE.COM

attach_money Product Analysis

4.7

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Whitepaper

There's no available whitepaper but academic papers.


The whitepaper of Cardano is 54 Pages long.

The most influencial keywords are: Protocol, Stake, Chains, Adversary, Attacks, Secure, Blocks, Slots, Honest, and Follow.

file_downloadOpen Whitepaper
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Close Competitors

  • 1.) Qtum

    Combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Qtum merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.

  • 2.) Stratis

    STRAT is the fuel that powers and secures the Stratis blockchain. It is used to pay fees per transaction and as an instrument for transfer of value among participants in the Stratis marketplace.

  • 3.) Nxt

    Nxt is an advanced blockchain platform which builds on and improves the basic functionality of pioneering cryptocurrencies such as Bitcoin. Nxt revolutionises the financial technology, crowdfunding and governance industries by providing not only the groundbreaking NXT crypto-currency.

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Product analysis

Cardano was founded back in September 2017. Its source code was released publicly on github on October 2016 under the Apache License 2.0 license.
Organization wise, Cardanos Development is Semi-centralized and is being developed under the lead of Aggelos Kiayias.

The consensus on which the Cardano network is run is called POS, while the underlying algorithm is called Ouroboros.
In the current state of Cardano currently is Beta version

group Community Analysis

4.5

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Communities & Events

view_list r/cardano Subreddit
person 75,695 Subscribers
directions_run 686 Active Users
create 15 Daily Posts
speaker_notes 107 Daily Comments
linkOpen Subreddit

Cardano Community and Ecosystem Announcement Channel

view_list Cardano Announcements Channel
person 18,129 Members
directions_run 10 Online
linkOpen in Telegram

Official Twitter account for Cardano

view_list @Cardano Channel
person 141,055 Followers
04.15.2019
18:58
BriterBridges creates #InnovationMaps that is a visual series aimed at showcasing technology ecosystems across emerging markets. It's great to see IOHK leading the way in High Tech in Ethiopia! https://t.co/2uIpttmbNE 15 favorite
04.15.2019
16:09
Charles will be talking about IOHK’s vision for Cardano2020 at the IOHK Summit. This speech will be livestreamed and we want the Cardano Community to join us online for the event! You can even win a prize! Learn more: https://t.co/4lFSfqydVJ #Cardano2020 #CardanoCommunity 112 favorite
04.12.2019
07:00
最新のカルダノコミュニティニュースレターが出ました! https://t.co/WozOUipSLuで購読してください。ニュースレターには、プロジェクト全体からの、およびIOHK、カルダノ財団、Emurgoからの最新情報があります。https://t.co/SyXUgadkdX 52 favorite
04.12.2019
06:59
The latest Cardano Community newsletter is out! Subscribe to it on https://t.co/WozOUipSLu to read about updates from across the project and from IOHK, Cardano Foundation and Emurgo! https://t.co/nynXbfZSVW 107 favorite
04.11.2019
15:27
We have Cardano community meetup group in Saarbrücken, Germany! Join Alkorino's https://t.co/I9O3vRW9kV group for more information: https://t.co/6lDZuVnt5y #CardanoCommunity 104 favorite
04.11.2019
11:35
IOHK has prepared a fun cryptopuzzle competition available exclusively to registered summit attendees! All you need is a ticket to the Summit, a little curiosity and some basic knowledge of computer science and blockchain technology. More details here: https://t.co/xNxD26s02m https://t.co/a2zQrwHBof 100 favorite
04.10.2019
16:54
Have you seen the Cardano Community Code of Conduct? This code applies to all of our official community channels and helps us keep a safe and welcoming space for Cardano community members to come together. Read it here: https://t.co/VVgewm9SG3 #CardanoCommunity 116 favorite
04.10.2019
10:58
Charles Hoskinson, CEO of IOHK, was interviewed on Cheddar at the New York Stock Exchange. Check out the link to the interview here: https://t.co/iV8H1yaKaT https://t.co/ytgkr29LCB 247 favorite
04.10.2019
09:47
The Metaps+ $ADA Crypto Card is accepted at over 30,000 franchise retail locations only throughout South Korea! Watch this quick video of it being used to buy a coffee: https://t.co/hlaPduA0ny 425 favorite
04.09.2019
17:18
ADASaur, a Cardano community member, has created videos titled "debunking Ada FUD". Check out part 1 here: #CardanoCommunity 128 favorite
Name Date Description
Meetup Netherlands (AMS) 11.21.2019 "This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake..."
Greece Meetup 11.23.2019 "On November 23, the Greek #Cryptocurrency Community Meetup will take place in Greece!"
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Google Trends Analysis


The Google Trends chart displays the search interest on google in Cardano relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

4.2

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Github Analysis

Code Updates (Commits)


Every change to the codebase of Cardano is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 3,332 Stars
remove_red_eye 412 Watchers
usb 576 Forks
sync_problem 187 Open Issues
border_color 0.16 % Comment Coverage
lock_open Apache Licen License

attach_money Price Analysis

3.4

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Price Prediction

$ 0.043914 (-1.54%) arrow_drop_down

Predicted USD Market Price in 24h

$ 0.044601 (0%) arrow_drop_down

Predicted USD Market Price in 14d

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Converter ADA - USD

Convert between ADA and USD with the live Cardano prices, aggregated from all big exchanges that trade Cardano.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

4.8

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Team

Lead

Charles Hoskinson - Ceo&founder
Charles Hoskinson is a Colorado-based technology entrepreneur and mathematician. He attended Metropolitan State University of Denver and University of Colorado Boulder to study analytic number theory before moving into cryptography through industry exposure. His professional experience includes founding three cryptocurrency-related start-ups – Invictus Innovations, Ethereum and IOHK – and he has held a variety of posts in both the public and private sectors. He was the founding chairman of the Bitcoin Foundation’s education committee and established the Cryptocurrency Research Group in 2013.


supervisor_accountSocial Network Links

Members (80)

Aggelos Kiayias

Chief scientist

Amanda Rasch

Office manager

launch

Tilmar Goos

Legal counsel

launch

Juliette Adelfang

Delivery assurance lead

launch

Steve Wagendorp

Head of technical operations

Ye Ji Kim

Marketing & community team

launch

Lei Hao

Marketing & community team

launch

Maki Mukai

Content marketing & community manager

launch

Jon Moss

Marketing consultant

Pascal Schmid

Council member

launch

PhD Duncan Coutts

Director, full stack engineer

launch

PhD Lars Brünjes

Director of education

remove_red_eye Product Review by Coinpaper

3.4

How things stand

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The Cardano ICO for ADA ended with $62’200’00 in January 2017. 90% of the buyers are of Japanese origin as it was massively more marketed in these regions. [1]

3.5

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The team is steadily working on tasks to develop the platform, wallets and concepts that might be implemented in the future. The GitHub repository (where the code is stored and updated) has a few thousand commits (updates), but many of them changed only one to 3 lines of code, which should be considered. The whole codebase is written with the programming language Haskell which is considered outdated. [1]

4.0

Product description

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Cardano aims to mix the best functions of other cryptocurrencies. Its goal is to create a platform where developers can work on their decentralized applications (DApps) and to allow interoperability between other cryptocurrencies on their own chain. [1]

4.0

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The underlying technical aspects to form the Cardano platform were peer reviewed and scientifically approved, but there’s no finished product yet that supports the developed versions of the techniques. The current platform is centralized and being controlled by the IOHK company. [1] [2]

1.7

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The Cardano foundation and Charles Hoskinson started developing Cardano in 2015. Charles Hoskinson was a co-founder of Ethereum and jumped ship when he wanted to create an own cryptocurrency with another technical approach. He praises the research-first method. [1]

3.7

Pro-Contra

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Exchange availability The coin is available on the major trusted exchanges.
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Security Relatively low. The coin is relatively new/unproven.
Adoption The coin has a low acceptance rate compared to other cryptocurrencies.
Transactions per second It can handle much less transactions per second compared to other cryptocurrencies.
Transaction speed The transaction speed is much lower compared to other cryptocurrencies.
Transaction cost The transaction fees are much higher compared to other cryptocurrencies.
Enery consumption The energy consumption is high compared to other cryptocurrencies.
Decentralization The coin is centralized.
Product availability There is currently no product available for this coin.
Privacy Transactions with this coin are pseudonymous.

remove_red_eye Market Review by Coinpaper

3.7

Foresight

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It’s currently a gamble to bet on the success of Cardano. Cardano might manage to develop a fully functional platform that solves problems that other Smart Contract platforms have. Cardano would gain momentum if that happens, but it’s likely that other platforms stay ahead as they are still improving too. The success of Cardano is higher in regions where it has already been marketed before, east Asian countries.

3.5

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The Cardano team researches the KMZ Sidechain Protocol for greater scalability and Quantum Resistant Signatures to prevent attacks that could happen when quantum computers are available. [1]

4.5

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Developers are eager to switch to better systems. If Cardano finishes its project in time and implements revolutionary functions it would make other DApp platforms obsolete. In the best case, Cardano would be used as the main platform to develop decentralized applications.

5.0

Business

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Ethereum is the biggest competitor in the Smart Contract sphere. Cardano tries to develop a better scalable technology with additional features, but there are considerable network effects and Ethereum is ahead.

2.5

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Cardano partnered with Metaps and launched a cryptocurrency prepaid card that’s been released in South Korea at the end of December. The card can be bought at 33’000 retail Korean merchants. [1]

3.7

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The Cardano (ADA) community is big. Many people believe in the vision and the capability of the founder Charles Hoskinson, but there are not many community driven projects as the main project, a decentralized platform has not been built yet.

3.4

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Charles Hoskinson claims that there are over 50 developers that are working full time. [1]

3.5

compare_arrows Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance ADA/BTC $ 0.046161 $ 6,206,425 check
# 2 Binance ADA/USDT $ 0.046187 $ 6,148,459 check
# 3 Bittrex ADA/BTC $ 0.046161 $ 398,631 check
# 4 Binance ADA/ETH $ 0.046165 $ 304,501 check
# 5 Kraken ADA/EUR $ 0.045479 $ 227,050 check
# 6 Kraken ADA/USD $ 0.045374 $ 127,086 check
# 7 Binance ADA/BNB $ 0.046119 $ 122,604 check
# 8 Kraken ADA/BTC $ 0.046248 $ 82,428 check
# 9 Binance ADA/USDC $ 0.046184 $ 70,421 check
# 10 Bittrex ADA/USD $ 0.045340 $ 28,525 check

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