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Ada pricing12/11/2023 The Cardano blockchain is named after 16th century Italian polymath Gerolamo Cardano. Hoskinson co-founded Hong Kong-based blockchain research and engineering company Input Output Hong Kong (IOHK), which develops the Cardano project along with the Cardano Foundation and Japanese software firm Emurgo. While the upgrade went ahead, market events meant that the ADA coin has not performed quite as well as either its creators or its investors might have hoped.īut what is cardano (ADA)? What is cardano used for? Let’s take a look at what we can find out, and check out some of the cardano price predictions that were being made as of 17 April 2023, too.įounded in 2015 and launched with a $62.2m initial coin offering ( ICO) in 2017 by Charles Hoskinson, a co-founder of Ethereum ( ETH), Cardano was one of the first blockchains to use a proof-of-stake ( PoS) consensus mechanism.Īccording to its website, it “combines pioneering technologies to provide unparalleled security and sustainability to decentralised applications, systems, and societies”. On 18 September 2022, the coin’s founder Charles Hoskinson released a video saying that the Vasil upgrade had begun, and that it would be completed by 22 September. The price then spiked three times in late July, but has been unable to sustain any lasting gains above the $0.50 level and has suffered, along with the rest of the market, in the wake of the collapse of the FTX ( FTT) exchange in November. The ADA price rose in early June 2022, with the upgrade expected at the end of that month, but fell in mid-July as testing identified bugs that needed to be resolved before the hard fork could go live. The cardano cryptocurrency, ADA, has seen increasing volatility in the past months as investors in the project looked for indications of the launch of its delayed Vasil upgrade, making a cardano price prediction a bit trickier than it might otherwise have been, especially in the light of a market upturn in early 2023. What will happen to a post-Vasil ADA? – Photo: Andreas Prott /
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