Coin of the Week  – Cardano

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  • June 12, 2020
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12 June 2020.

This week Cardano has underperformed Bitcoin by -5.44% and is also down against the US Dollar by -6.88%.

  • Trading volume (last 24hrs): $ 90,709,337.09
  • Transaction Volume (Adjusted 7 day average): $ 288 Million
  • Active Addresses (7 day average): 11 K

Cardano is an open source blockchain for smart contract and dapp development. It utilises a variation of Proof of Stake called Ourboros, which has been optimised for Cardano’s modular configuration. Ourboros enables features like side-chains or network delegation while upholding the networks security.

Cardano’s phase 2 of 5, “Shelley” is set to roll out this year. Currently the network runs on trusted nodes, Shelley will allow the network to transition into a public network.

Check out the Shelley Rollout Plan below:

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