Cardano (ADA) is a decentralized third-generation proof-of-stake blockchain platform and home to the ADA cryptocurrency. It has a strong focus on sustainability, scalability, and transparency and is a fully open source project that aims to deliver an inclusive, fair, and resilient infrastructure for financial and social applications on a global scale. It is powered by Ouroboros, the ground-breaking proof-of-stake consensus protocol.

According to Cardano’s website, security is one of its founding principles. As it is written in the functional language Haskell, it uses pure functions to build the system, where components can be tested in isolation. More advanced features of Haskell, such as basing the implementation on formal and executable specifications, extensive property-based testing, and running tests in simulation provides a range of powerful methods for ensuring code correctness.

Cardano was founded by Charles Hoskinson, one of the co-founders of the Ethereum network and CEO of IOHK, the company that built Cardano’s blockchain. The platform was designed from the ground up by a team of top engineers and academic experts.

All of the technology developed goes through a process of peer-reviewed research, meaning that bold ideas can be challenged before being validated. This method helps the blockchain to be durable and stable, increasing the chance to anticipate potential pitfalls.

According to CoinMarketCap, Cardano’s price at the moment of writing this article is US$1,28 with a 24-hour trading volume of US$1.819.873.153. It is currently ranked number 7 in CoinMarketCap’s ranking, with a live market cap of US$42.937.512.625. This token has a circulating supply of 33.526.798.056 ADA coins and a maximum supply of 45.000.000.000 ADA coins.The top cryptocurrency exchanges for trading in Cardano stock are currently Binance, OKEx, Mandala Exchange, CoinTiger, and FTX.