The blockchain technology is the future and different new generation blockchains are trying to stay at the vanguard of this future. One of the projects that is doing remarkably well is Cardano. The 10th largest cryptocurrency per market capitalization has a market capitalization that is over a billion dollars. Since its inception in 2015, Cardano (ADA) has made a lot of progress and Charles Hoskinson is taking the lead in the development and promotion of the blockchain platform. Cardano has surpassed other similar projects such as IOTA and TRON but Charles Hoskinson doesn’t intend to stop there.

cardano ada price

SEE ALSO: Bitcoin Cash (BCH) Trades Below A Significant Moving Average In Today's Price Analysis

Charles Hoskinson To Change The Industry With Cardano

From one project to the other, Charles Hoskinson has made his intention towards revolutionizing the blockchain industry through Cardano clear. By manipulating the Proof of Stake consensus with the Ouroboros protocol, Charles Hoskinson has solved many problems that can’t be solved using the Proof of Work Consensus. Ouroboros will create a highly scalable environment while reducing the need for energy wastage.

Cardano (ADA) Price Today – ADA / USD

Name Price 24H (%)
$0.068486 -1.51%

Cardano is also working on a wallet known as the Daedalus wallet. This wallet, is among the most functional wallets in the industry. It’s unique designs allows users to store their cryptocurrencies in safer environments while giving them the chance to activate and access DApps on the Cardano blockchain through the wallet.

Apart from the innovations by the platform, Cardano is also one of the leading new generation blockchain projects because it has a strong community behind it. The Cardano community has been ranked as one of the most faithful in the world after the Dogecoin and Tronic community. Hoskinson believes that the blockchain is truly a decentralized environment that should never depend on a single person or group of people.

Cardano Price Analysis Now

Charles Hoskinson believes that price and market capitalization should not make a coin. At the time of writing, Cardano (ADA) was trading in red against the USD at $0.067973. This means it was down by 1.60%. Against Bitcoin, ADA is down by 1.02%.


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