| Date Comparison | Amount Change | % Change |
|---|---|---|
| Today | A$ -0.020224 | -1.07% |
| 30 Days | A$ 1.35354 | +263.35% |
| 60 Days | A$ 1.322663 | +242.76% |
| 90 Days | A$ 1.362403 | +269.73% |
Cardano (ADA) is a decentralized Proof-of-Stake (PoS) blockchain platform that was founded in 2017. It is one of the biggest blockchain networks to successfully implement a PoS consensus mechanism that is more power-efficient than Proof-of-work blockchain networks.
Cardano supports smart contracts and its native cryptocurrency token, ADA, allows users to participate in the network’s operation.
Cardano’s primary purpose is to facilitate transactions with its native cryptocurrency,ADA, and empower developers to build applications on its’ scalable and sustainable network.
The Cardano blockchain is split into two layers:
Cardano uses what is known as Ouroboros, a PoS algorithm that creates blocks and validates transactions on the blockchain.This network is divided into epochs and slots, where epochs represent the overarching timeframes and slots represent 20-second intervals.
In every slot, a leader is randomly picked to add the next block onto the blockchain, and after that, the next slot leader is picked.
There are three types of nodes that operate Cardano:
There are currently 32.04 billion ADA tokens in circulation, with a maximum supply of 45 billion.
Cardano’s founder, Charles Hoskinson, is believed to hold the highest amount of Cardano (ADA) tokens.
If you want to stake Cardano, you can follow our step-by-step guide below:
Step 1: Create a Binance account.
Step 2: Purchase or transfer ADA tokens to your Binance wallet.
Step 3: Go to Binance Staking and select ‘Cardano’.
Step 4: Select a staking duration, typically 30-90 days.
Step 5: Enter the amount of ADA tokens you want to stake.
Step 6: Click on 'Stake now' and you’re all set.
ADA tokens can be purchased directly on Binance with a credit or debit card. You can also trade other cryptocurrencies for ADA tokens on the Binance Exchange. Read our How to Buy Cardano guide for more instructions.
| Fiat | Price | Operation |
|---|---|---|
| 1 ADA to USD | $ 1.212663 | |
| 1 ADA to TRY | $ 1.212663 | |
| 1 ADA to RUB | $ 1.212663 | |
| 1 ADA to EUR | $ 1.212663 | |
| 1 ADA to AED | $ 1.212663 | |
| 1 ADA to BRL | $ 1.212663 | |
| 1 ADA to VND | $ 1.212663 | |
| 1 ADA to IDR | $ 1.212663 |
