Cardano is a proof-of-stake blockchain platform. It is the first blockchain founded on peer-reviewed research and developed through evidence-based methods.
It is a blockchain platform for changemakers, innovators, and visionaries. Cardano has the tools and technologies required to create possibility for its users to bring about positive global change. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies. With a leading team of engineers, Cardano exists to redistribute power from unaccountable structures to the margins – to individuals – and be an enabling force for positive change and progress. This has started affecting ADA price which is the native token of Cardano.
Proof-Of-Stake And Ouroboros
Ouroboros is the first peer-reviewed, verifiably secure blockchain protocol, and Cardano is the first blockchain to implement it. Ouroboros enables the Cardano network’s decentralization, and allows it to sustainably scale to global requirements without, crucially, compromising security.
The protocol is the culmination of tireless efforts. It is built on foundational research, and is propelled by a vision for more secure and transparent global payment systems. It provides means to redistribute power and control in a fair manner.
Cardano makes it possible for any actors that do not know each other – and have no reason to trust one another – to interact and transact, securely. It’s a platform for building trust where none might naturally exist, opening up whole new markets and opportunities. Through Ouroboros, Cardano is provably secure against bad actors and Sybil attacks. Every transaction, interaction and exchange is immutably and transparently recovered. They are securely validated using multi-signature and a pioneering extended UTXO model.
Let us review ADA price
ADA/USD – Price Prediction
ADA is trading close to the resistance zone of $2.29. If it can successfully break this resistance and flip it to support, we could start seeing a move towards $2.78, $3.59, $4.39 and $4.89. It has two weak support zones at $2.11 and $1.98 which could be idea entry points. Failure to hold the support at 1.98 could lead to a drop towards $1.79, $1.67 and $1.48.
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