Cardano (ADA) is the brainchild of Ethereum co-founder Charles Hoskinson. On paper, it seems to share a lot of similarities with Ether. For example, it allows users to construct novel dApps and smart contracts. However, upon closer inspection, one can see that Cardano and the ADA token are designed to help resolve many of the interoperability and scalability-related problems that are plaguing the crypto world today.
To be a bit more specific, the development team behind Cardano is especially focused on maximizing the efficiency of the international payments market by cutting down many of the time and fee-related issues currently facing this burgeoning domain.
- All-time High (ATH) Value: $1.26
- Market Debut: October 2017
- 2019 High:$1.01
- 2019 Low: $0.03