Cardano and Solana Price Analyse on 7th of May
Cardano (-2.92%)
Market Cap 25.95 Billions $
Cardano’s current price is $0.7775 USD, and it has a 24-hour trading volume of $1.22B dollars.
In the previous 24 hours, Cardano’s use has decrease by 2.92 percent.
In the previous 7 days, Cardano’s use has decrease by 4.35 percent.
As of right now putting it at #8 in terms of popularity.
What investors think about Cardano today?
What is Cardano?
A Proof of Stake cryptocurrency developed by IOHK in collaboration with the Universities of Edinburgh, Athens, and Connecticut, Cardano SL (or Cardano Settlement Layer) is based on the Haskell implementation of the white paper “Ouroboros: A Provably Secure Proof of Stake Blockchain Protocol” by Aggelos Kiayias, Alexander Russell, Bernardo David, and Roman Oliynykov.
Solana (-3.61%)
Market Cap 26.97 Billions $
Solana’s current price is $81.38 USD, and it has a 24-hour trading volume of $1.485B dollars.
In the previous 24 hours, Solana’s use has decrease by 3.61 percent.
In the previous 7 days, Solana’s use has decrease by 14.36 percent.
As of right now putting it at #7 in terms of popularity.
What investors think about Solana today?
What is Solana?
Delegated Proof-of-Stake protocol Solana was established in late 2017 by former engineers from Qualcomm, Intel and Dropbox. The goal of Solana is to achieve scale without compromising decentralization or security. In order to overcome the issue of time in distributed networks, Solana has developed a clock called Proof-of-History (PoH), which is a decentralized clock.
With Verifiable Delay Functions, PoH enables each node to produce its own SHA256-based timestamps. This reduces the necessity for broadcasting timestamps throughout the network, hence increasing network efficiency. On the Solana blockchain, SOL serves as the native token.
An autonomous board governs the Swiss Foundation, which holds the community tokens. Tokens in this pool are utilized for bounty programs, rewards, marketing, and grant applications. Solana’s aim is to assist all high-growth and high-frequency blockchain applications, and to democratize the world’s financial institutions.