Cardano(ADA) is always thought of “ the third generation blockchain”. The first generation is Bitcoin, operating on a proof-of-work model and storing value;The second generation is Ethereum, which developed smart contracts but still experienced significant limitations. On the basis of the above two, Cardano improves the architecture and consensus.
Cardano's unique two-layer architecture separates the ledger of account values from the reason why values are moved from one account to the other. This separation is done to increase smart contract flexibility and improve scalability. The Cardano Settlement Layer (CSL) is used to transfer ADA, the native cryptocurrency of Cardano, while the Cardano Computation Layer (CCL) is used to run smart contracts.
Cardano also introduces a new proof-of-stake algorithm called Ouroboros, which determines how individual nodes reach consensus about the network, is the first provably secure proof-of-stake protocol, and the first blockchain protocol to be based on peer-reviewed research.
In June 2023, the SEC filed lawsuits against Binance and Coinbase, in which the ADA token was defined as a security in both cases. This has caused Cardano's market value to decline significantly in recent months.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Cardano (ADA) and review the project details below.
What is the allocation for Cardano (ADA)?
The distribution of ADA is as follows:
- 1.4% (648,176,761 ADA) was allocated to the Cardano Foundation, Switzerland
- 4.6% (2,074,165,644 ADA) was allocated to EMURGO
- 5.5% (2,463,071,701 ADA) was allocated to IOHK
- 57.6% (25,927,070,538 ADA) was allocated to the public sales
- 30.9% (13,887,515,354 ADA) was allocated to staking rewards
What is the supply schedule for Cardano (ADA)?
Cardano uses a proof-of-stake (PoS) consensus mechanism that allows ADA holders to participate in the block validation process and secure the network. When staking ADA, participants delegate their tokens to a stake pool, which consists of a group of nodes responsible for validating transactions and adding blocks to the blockchain.
For staking, participants are rewarded in the form of additional ADA tokens for their contributions to the network. These rewards are distributed based on the performance of the stake pool and the amount of ADA delegated, which will increase the token amount from the staking rewards part.
You can find the latest information of ADA staking amount and rewards distributed at https://cardanoscan.io/
Cardano(ADA) is always thought of “ the third generation blockchain”. The first generation is Bitcoin, operating on a proof-of-work model and storing value;The second generation is Ethereum, which developed smart contracts but still experienced significant limitations. On the basis of the above two, Cardano improves the architecture and consensus.
Cardano's unique two-layer architecture separates the ledger of account values from the reason why values are moved from one account to the other. This separation is done to increase smart contract flexibility and improve scalability. The Cardano Settlement Layer (CSL) is used to transfer ADA, the native cryptocurrency of Cardano, while the Cardano Computation Layer (CCL) is used to run smart contracts.
Cardano also introduces a new proof-of-stake algorithm called Ouroboros, which determines how individual nodes reach consensus about the network, is the first provably secure proof-of-stake protocol, and the first blockchain protocol to be based on peer-reviewed research.
In June 2023, the SEC filed lawsuits against Binance and Coinbase, in which the ADA token was defined as a security in both cases. This has caused Cardano's market value to decline significantly in recent months.
Above are only for introduction, not intended as investment advice.