Cardano is one of the top crypto projects that made it to the list of the best crypto assets on Coinmarketcap. It is a decentralized blockchain that runs on the Proof-of-Stake (PoS) consensus protocol. This mechanism is an excellent alternative to the Proof-of-Work protocol, which implies receiving coins through mining. On the contrary, PoS involves staking coins, which means no mining equipment and extra expenses for electricity, no technical maintenance of miners and no harm to the environment. The PoS mechanism is available for everyone, for it does not demand expensive mining equipment.
The Cardano project was launched in 2017. ADA is a native currency of Cardano; the current ADA price crypto is $0,4964 (as of early September 2022).
Key Features of the Cardano Project
Here are the main features of Cardano:
- Staking is available. It is an option to receive passive income from holding your crypto assets locked in a staking pool. Users gather in staking pools and receive rewards for staking ADA.
- The platform’s users can build smart contracts, decentralized applications, and NFTs on the Cardano blockchain.
- This is a scalable network.
Cardano Crypto Price Prediction
The ADA crypto price forecast is pretty optimistic – experts believe the ADA rate will grow by 16,7% by the end of 2022. The project brings scaling and optimisation to the crypto industry. At the final stage of development, Cardano aims to implement system improvements to the platform’s functionality and the process of management and voting on the blockchain.
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