The ADA is the token for the Cardano project. Cardano is a completely open source blockchain project, a blockchain platform oriented to scientific philosophy and technology research. The project aims to create a smarter and more advanced smart contract platform than Ethereum, while providing peer-to-peer payment. All transactions on the network are guaranteed to be secure, fast and low-cost, and the ADA is the cryptocurrency of its platform. This project is benchmarked against EOS and is known as the strongest competitor of EOS.
The total number of ADAs issued was 45 billion, and crowdfunding took place from September 2015 to January 2017. Of the total issuance, 25 billion is for platform subscriptions, 5 billion for development of company-operated companies, and 15 billion for block grants.
2. Basic Information
- Name: Cardano
- Abbreviation: ADA
- Founder: Charles Hoskinson, Jeremy Wood
- Core Algorithm: Ouroboros
- Issue Date: 2017-10-02
- Total Supply: 45,000,000,000
- Consensus Mechanism: PoS
- Currency Unit: ADA
3. Related Links
Official website: https://www.cardano.org/zh/home-3/
White paper: https://www.cardano.org/zh/academic-papers-3/
Block explorer: https://cardanoexplorer.com/