Cardano (ADA Coin) was created by Ethereum co-founder Charles Hoskinson. ADA Coin has remained at the bottom of the cryptocurrency markets for many years. After the news that it will come to Coinbase in the past days, its price broke a record in an average hour. ADA Coin, which has a market supply of $39.6 billion, rose to $1.37 with the increase it experienced on February 27 and became one of the 3 Coins with the highest market value.
What is ADA coin?
Cardano (ADA) is a decentralized platform that allows complex programmable value transfers to occur in a secure and scalable manner. The development of the platform, founded by Charles Hoskinson, began in 2015. It raised nearly $60 million in an ICO in 2017 before it was launched.
Hoskinson is also one of the co-founders of Ethereum. Cardano is allegedly the first blockchain to be developed with a research-first approach inspired by a scientific philosophy. Cardano is also among the first blockchains to be coded in the Haskell programming language. Cardano is developing a smart contract platform aimed at more advanced features than any protocol developed in the past.
The development team is a team of expert engineers and researchers from around the world. The protocol is stated to feature a flexible and scalable layered blockchain software stack developed with the most rigorous academic and commercial software standards in the industry.
ADA coin reviews
Following the rise of ADA Coin, there is the Mary update running on the testnet, which will be available on the mainnet as of March 1st. With the Mary update, developers will be able to start creating tokens on the Cardano network. In this case, the demand for Cardano is expected to increase.
Even the introduction of Mary on the testnet had increased the price at that time. After announcing the news that Mary will be available on the mainnet as of March 1, there has been a general decline in the market. However, ADA has resisted the decline, performing well over the past 24 hours.
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