ADA is the cryptocurrency on the Cardano blockchain and the most recent addition to the Bittrex exchange. This is a platform with more advanced features than any protocol yet developed. Cardano SL makes use of a proof of stake approach to reach consensus. This encourages honesty and long-term participation. Cardano SL is called “Layer" because it will be expanded with a Control Layer, serving as a trusted computation framework to evaluate a special kind of proofs to ensure that a certain computation was carried out correctly.
This could be used for gaming/gambling to create random number generation and game outcomes.Because there will never be more than 45,000,000,000 ADA ever issued, an additional 14,979,843,678 ADA (approximately 33% of the total amount of Ada to ever exist) will be issued gradually for the operation of the Protocol.
The block rewards will be introduced into the Cardano Protocol in 20 epochs (approximately 3.5 months) after its Launch, and the rate of issuance of Ada will be follow the schedule below:
2,000 ADA per block for the initial 3,744,961 blocks,
1,000 ADA per block for the subsequent 3,744,961 blocks,
500 ADA per block for the subsequent 3,744,961 blocks,
and so on and so forth, in such a way that the ADA per block will be halved every 3,744,961 blocks.
Given that 3 new blocks will be generated every minute, 99.95% of the additional 14,979,843,678 ADA necessary to reach the 45,000,000,000 ADA will be issued in approximately 24 years.
Of the ADA that will be issued per block:
75% of it will be given to the protocol participants as a block reward.
25% of it will be directed to a special address that is earmarked for the Cardano Treasury, from which developers and ecosystem participants could request the funding of their projects, and the stakeholders of the system would vote to approve or reject their proposals. (The mechanism by which the Cardano Treasury will operate will not be available at the launch of Cardano but the mechanism and its implementation are currently under research and development.)
Recources :
https://cardanodocs.com/cardano/monetary-policy/
https://cardanodocs.com/introduction/#what-makes-cardano-sl-special
https://coinmarketcap.com/currencies/cardano/
Address: 1J2R8LbgdyWXvyV9Jcvo1oEbGJgkt9SmG4
Thank you for your great information. I also bought Cardano ADA at Binance
A ton of promising coin here. BNB IOTA, DNT,ADA, TRON, CND, EOS ,PTT, Binance Review: ADA price is going Up . Thanks agian!
#Bitcoinnewbies
Thank you! Only available explanation of the newest addition to Bittrex that I could find. Really appreciate it!
отличный пост!
I tried to follow but can anyone share some light... is it a buy. its pretty cheap
What do you need help with?
Look at how many coins are in circulation and see if the price makes sense to you.
What are your thoughts on it. is it a buy or is it too risky?
I'm not personally holding it or planning to . I can't really advise you go either way. I would be happy to hear an argument why I should from an actually holder or team member.
yeah me too im trying to do research and look it up. but id like actual ppl reaction. thx
i like the fact that is one cent. really good potential to grow. up pretty close to falling apart too. idk. im glad bitcoin is surging thou.
I did say Ada’s coming And coming quick
Thank you
Another source for Cardano https://www.tokens24.com/coin/cardano/