Cardano (ADA)

Cardano is a blockchain platform built on academic research that enables smart contracts and decentralized applications while using significantly less energy than traditional cryptocurrencies like Bitcoin. What sets Cardano apart is its methodical, research-driven approach — every major feature is peer-reviewed by scientists and cryptographers before being added to the network. This careful process aims to create a more secure and stable foundation compared to platforms that prioritize speed over thorough testing. The platform's native cryptocurrency, ADA, is used to send money, pay transaction fees, and participate in network governance. Cardano uses a proof-of-stake system to process transactions, which works differently from Bitcoin's mining approach. Instead of competing to solve complex puzzles, users can "stake" their ADA — essentially locking it up temporarily — to become validators who verify transactions.

Description from CoinGecko.

Coin details

Name

Cardano

Symbol

ADA

Market cap rank

#18

Category

Smart Contract Platform, Layer 1 (L1), Cardano Ecosystem

Runs on

Its own blockchain

Circulating supply

37,566,937,361 ADA

Max supply

45,000,000,000 ADA

Price in INR

₹15.85

Tax in India

30% on gains + 1% TDS on sale

Website

cardano.org

Whitepaper

docs.cardano.org/introduction

Explorer

cardanoscan.io

X (Twitter)

x.com/Cardano_CF

Reddit

reddit.com/r/cardano

GitHub

github.com/input-output-hk/cardano-sl