When was the ADA coin issued? Learn about the origin of Cardano in one article

Adacoin was issued on September 29, 2017. It is a blockchain platform designed to solve the problems of scalability, interoperability and security, and is used to develop and execute smart contracts.

Issuance time of ADA Coin

Issue date of ADA Coin was on September 29, 2017.

Origin of ADA Coin

Ida Coin is a blockchain platform specifically used to develop and execute smart contracts. It was created by a non-profit organization called IOHK and Charles Hoskinson, one of the co-founders of Ethereum.

Adacoin aims to solve several key issues in the blockchain industry, including:

• Scalability: Adacoin uses a layered architecture , where one main chain handles settlement and governance, while multiple side chains handle transactions. This improves the throughput of the platform.
• Interoperability: Cardano is compatible with multiple programming languages, allowing developers to easily create and deploy smart contracts. It also interacts with other blockchains through converters.
• Security and Privacy: Cardano uses a unique proof-of-stake consensus mechanism called Ouroboros, which is considered secure and energy-efficient. It also offers privacy features such as the ability to block transactions.

Cardano aims to be a universal platform for a wide range of decentralized applications, including finance, supply chain management and healthcare. It has been adopted by many large companies and organizations, including Mitsubishi UFJ Financial Group, the Ethiopian Ministry of Education, and Accenture.

Cardano (ADA) Price Analysis

As of August 30, 2024, Cardano (ADA) is trading at $0.3569 with a 24-hour trading volume of $268.95 million .

Trends and Factors

ADA price increased by 1.45% in the past 24 hours. Factors driving this growth include:

• Recovering investor sentiment: Overall sentiment in the cryptocurrency market has improved.
• Network Upgrade: Cardano recently launched a network upgrade that increases transaction speed and scalability.

Future Forecast

Analysis shows that ADA may continue to trend upward in the short term. Technical indicators are pointing to upward momentum, and investor sentiment is generally bullish.

Recommendations

• Buy on dips: If there is a correction in prices, investors can consider buying on dips.
• HOLD: Investors with existing ADA positions can continue to hold as the long-term outlook remains positive.

Short-term trend forecast

ADA is expected to maintain its upward trend in the short term and may break through the $0.4 mark in the coming days.

Indicators

• Price: $0.3569
• 24-hour trading volume: $268.95 million
• Market cap: 12.835 billion USD
• Circulation: 35960643044 ADA
• Maximum supply: 45 billion ADA
• Total supply: 35960643044 ADA

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