Cardano
Specifications | Details |
|---|---|
Platform (underlying architecture) | Layer 1 |
Consensus Algorithm | Proof-of-Stake (Ouroboros) |
Ecosystem | Cardano |
Token | ADA (₳) |
Native Token Ticker | $ADA |
Smallest Unit | Lovelace (1 ADA = 10^6 lovelace) |
ARR or APY | ~3% |
Max Supply | 45B (capped supply) |
Delegation Requirements (Min-Max) | No minimum and maximum limit Technically it requires 2 ADA as a deposit to register the staking address but it is refundable on deregistering the account address |
Stake Activation Period | ~20 days |
Reward Distribution Period | Every epoch (~5 days) |
Compounding | Automatic |
Compounding Frequency | Automatically redelegated as rewards earned |
Unbonding Period | No unbonding period |
Lockup Period | No lockup period |
Penalties and Slashing | No slashing |
Burn Mechanism | None |
Validator Self-Bond Requirement | No Self-Bond required but recommended to self-bond |
Inflation | ~7% |
Validator Set Diversity | Cardano have ~3000 validators. As of December 2020 , Cardano's k parameter is 500, setting the stake pool's saturation point at 64 million ADA. |
Governance Mechanism | On-chain governance |
Smart Contract Support | Yes |
Smart Contract Programming Language | Plutus |
Cross-chain Compatibility (Interoperability) | Yes |
TPS (Transaction Throughput) | ~250 TPS - 1000 TPS |
Transaction Finality | ~20 seconds with probabilistic finality 12 hours+ with guaranteed finality |
Link to Explorer(s) | https://explorer.cardano.org/ https://beta.explorer.cardano.org/en/ https://cexplorer.io/ |
Testnet Faucet | |
Figment’s Public Validator Address |
|
Figment Staking Guide | |
Figment Supported MEV Relay | N/A |
Recommended Wallet(s) | Ledger, Daedalus, Yoroi |
CoinGecko Profile |
Updated 3 days ago