MEXICO CITY.- The little known cryptocurrency ADA, from the cardano platform, could become the most valuable in the digital world, it would even surpass bitcoin or Ethereum, but why?
ADA could become the largest digital currency in the cyber world due to its 1000 percent increase in value during 2021.
In the last week of August, the price of cardano rose more than 36 percent, outperforming binance coin and placed third on the charts. most valuable cryptocurrencies From the market. This Monday, September 6, cardano reached a price of 2.8 million dollars, according to Investing.
The cryptocurrency ADA has risen in price as blockchain enthusiasts seek more environmentally friendly and environmentally friendly options and, according to Charles Hoskinson, founder of Cardano, its network uses less power than 0.01 percent of the world’s network. bitcoin.
Furthermore, the underlying cardano technology does not rely on super computers to process transactions and generate new ADA units.
What is cardano?
Cardano is a blockchain platform and owns its own cryptocurrency, which is known as ADA.
The cryptocurrency is called Augusta “Ada King” or Ada Lovalace, as it lives up to the name of a 19th century British countess, who was known for her work on a theoretical computing engine.
In 2015 it was created by Ethereum co-founder Charles Hoskinson and was launched on the cryptocurrency market in 2017.