Cardano (ADA)

Cardano is more than just a cryptocurrency. It is a technological platform that will be able to operate financial applications that are currently used daily by private individuals, organizations, and governments around the world. Similar to Ethereum, Cardano is an intelligent financial and contract platform that unlike many cryptocurrencies, offers scalability and security through a layered architecture. As such, Cardano aims to operate financial applications and decentralized apps (dApps), as well as smart contracts and smart contract systems.

Ouroboros Proof-Of-Stake

Cardano uses the Ada cryptocurrency (ADA), which allows digital funds or assets to be sent and received. One of the benefits of holding Cardano’s ADA coin is that you can stake your portfolio which will receive a return in the form of a percentage of the total value of your investment.

IOHK (Input Output Hongkong) which is one of the teams working on the development side aims to make Cardano the most advanced smart contract platform that can provide comprehensive functionality through the invention of a new proof-of-stake (POS) method called Ouroboros to provide a more secure, efficient, and scalable smart contract system.

Trading & Storing ADA

Even though the Cardano project is not finished, you will find its ADA token available on multiple crypto exchanges such as Binance and Bittrex at attractive prices. For storing or staking ADA we recommend using Cardano’s native cryptocurrency wallet called Daedalus.

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Price Of Cardano (ADA)

References

• Cardano website
• IOHK website