Cardano is a third-generation, decentralized proof-of-stake (PoS) blockchain platform designed to be a more efficient alternative to proof-of-work (PoW) networks. Scalability, interoperability, and sustainability on PoW networks like Bitcoin are limited by the infrastructure burden of growing costs, energy use, and slow transaction times.
Cardano (ADA) is ranked as the 8th biggest project in terms of market cap, according to CoinMarketCap, and experienced a 24-hour price drop of 1.42% – taking its price up to $0.375 at press time. The Ethereum-killer’s market cap currently stands at $12.977 billion.
ADA’s 24-hour trading volume currently stands at $416.34 million. Furthermore, the price of ADA is nearer to its 24-hour low at $0.3705. The altcoin’s daily high stands at $0.3836.
Despite ADA’s price dropping ov …
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Source: Cryptocurrency - investing.com
