A Cryptocurrency Story — ADA coin
Hello! I can’t believe it, but it’s already the beginning of May! I can’t believe this year is already almost half over…
I need to study coins harder, haha.
So!
The coin that we’re going to talk about today is the ADA coin that you might have heard of!
What is ADA?
First of all, to briefly introduce this coin, it is a cryptocurrency that was first issued by Cardano developed by IOHK company in 2018, and it emerged at the end of that year and has been at the forefront so far.
Cardano is a blockchain platform, and ADA is its cryptocurrency name.
Charles Hoskinson, who participated as a former developer of Ethereum and Bitcoin, is the founder, so the coin gained more interest.
If Bitcoin is the first generation blockchain and Ethereum is the second generation, ADA coin blockchain is considered the third generation.
Also, ADA is especially popular in Japan as most Japanese have it!
Ouroboros
Unlike other coins, Cardano uses a new protocol called Ouroboros.
The protocol is much greener and better than coins like Bitcoin and Ethereum in terms of energy use!
I think this could also have a promotional effect.
The smart developers who have created these new protocols can also gain trust.
Current ranking and market capitalization
It is currently ranked 9th in the CoinMarketCap.
Its market capitalization is $26,599,244,259.
I think it appealed to many people that it is irreplaceable because it is an ADA coin that creates a new method and uses it with increased scalability, which is different from most coins.
So, it’s also one of the coins with a good future!
How was it? We learned about ADA coins today!
I hope you have a happy day, and if you have any more questions or want to get coin-related information, please feel free to come and talk to our community below. :)
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Then, see you in the next story!
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