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Unveiling ADA Cardano: What It Does and the Value of 1 Pi in Ringgit

Unveiling ADA Cardano: What It Does and vitalik buterin iqthe Value of 1 Pi in Ringgit

What is ADA Cardano?

ADA Cardano is the native cryptocurrency of the Cardano blockchain platform. Cardano is an open - source and decentralized blockchain platform that aims to provide a more secure, sustainable, and scalable blockchain solution. It was developed by a team of scientists, engineers, and mathematicians. The project was initiated in 2015 and named after the 16th - century Italian mathematician Gerolamo Cardano, while the name ADA comes from the 19th - century British noble Ada Lovelace, known as the world's first programmer.

FAQ: What makes Cardano different from other blockchains? Well, Cardano uses the Ouroboros consensus algorithm, which is a proof - of - stake (PoS) based algorithm. Compared with the traditional proof - of - work (PoW) algorithm, PoS has lower energy consumption and offers certain advantages in terms of security and scalability, enabling the Cardano network to handle a large number of transactions efficiently and stably.

What Does ADA Cardano Do?

ADA serves multiple purposes within the Cardano ecosystem. Firstly, it can be used to send and receive digital funds, just like other cryptocurrencies. But Cardano's capabilities go far beyond simple transactions.

1. Decentralized Finance (DeFi): Cardano enables lending and trading without the need for traditional banks. In the DeFi space, users can engage in various financial activities such as borrowing, lending, and earning interest on their ADA holdings in a decentralized manner.

2. Smart Contracts and Decentralized Applications (DApps): The platform supports the development of DApps in various fields, including gaming and finance. Developers can build customized smart contracts and applications on Cardano, taking advantage of its flexible and programmable nature.

3. Digital Identity: Cardano provides a secure blockchain - based digital identity solution. For example, it has been used in the Ethiopian education system, where a secure digital identity can be used to verify students' information and academic records.

4. Supply Chain: It can be used to track the authenticity and transparency of products in the supply chain. By recording every step of a product's journey on the blockchain, consumers can have more confidence in the origin and quality of the goods they purchase.

5. Sustainable Development Projects: Cardano promotes carbon credit tracking and transparent donations. This helps in ensuring that sustainable development initiatives are more accountable and efficient.

6. Governance: ADA holders have the right to vote on network decisions. This democratic governance model allows the community to have a say in the future direction of the Cardano platform.

FAQ: How can I participate in Cardano's governance? If you hold ADA, you can use your tokens to vote on proposals related to the platform's development, upgrades, and other important matters. This gives you a direct influence on the evolution of the Cardano ecosystem.

The Value of ADA Cardano

The value of ADA is determined by supply and demand and fluctuates according to market conditions. As of 2024, its price has shown significant volatility. For instance, it has seen both sharp increases and decreases over different time periods. In 2025, some bullish scenarios predict that ADA's price could reach between $1.50 and $5.66, or even up to $6, due to factors such as the strong growth of DeFi, the potential widespread adoption of Cardano's upcoming "Hydra" upgrade, and a broader bull market in the cryptocurrency space.

FAQ: Is ADA a good investment? The high volatility of ADA means it offers the potential for high returns but also comes with significant risks. Before investing, you should conduct thorough research (DYOR) and consider your own risk tolerance and investment goals.

Regarding the Value of 1 Pi in Ringgit

Pi is a cryptocurrency project that aims to be mined using mobile devices. However, as of July 2025, Pi has not been listed on major cryptocurrency exchanges, and its value is not yet established in the open market. Therefore, it is currently impossible to determine the value of 1 Pi in Ringgit. Once Pi is listed on exchanges and starts trading, its value will be determined by market forces such as supply, demand, and overall market sentiment.

FAQ: When will Pi be listed on exchanges? There is no official information on when Pi will be listed on exchanges. The Pi Network team has not provided a specific timeline for this event, so investors should stay updated on the official announcements.