Cardano price in euros

Cardano is a public proof-of-stake blockchain, and ADA is its native cryptocurrency. Charles Hoskinson and Jeremy Wood started it in 2015, and the network went live in September 2017.

Its goal is to enable value transfers and applications without a central administrator, with lower energy consumption than mining-based networks. Its protocol, Ouroboros, selects stake pools to produce new blocks based on the ADA delegated to them.

What it’s used for

ADA is used to pay transaction fees and to take part in securing the network through staking. Holders can delegate the stake of their coins to stake pools and earn rewards, which aren’t guaranteed.

It’s also used in network governance, with votes on how the network evolves. Apps running on Cardano cover digital asset issuance, decentralized exchanges, lending and stablecoins, meaning coins that aim to keep a stable reference value.

How many ADA are there

The maximum supply is 45 billion ADA under the protocol’s current rules. ADA isn’t produced through mining: amounts of ADA are gradually released from a finite reserve, mainly for staking rewards and the network’s treasury.

Transaction fees also help fund the rewards and the treasury. So the maximum supply doesn’t mean that all ADA is already in circulation.

What to watch out for

The concentration of power among large holders, pool operators or voting participants can limit decentralization in practice. Cardano also competes with platforms such as Ethereum and Solana for developers, users and liquidity.

There are also technical and regulatory risks: protocol bugs, vulnerabilities in wallets or apps, and rule changes can affect users. The security of the blockchain itself doesn’t guarantee the security of every app connected to it.

We see Cardano as an interesting approach to decentralized infrastructure, with the real test being the secure operation and actual use of its apps.