What is the Cardano (ADA)
Cardano (ADA) is one of the most exciting projects in the cryptocurrency and blockchain space today. It was founded by Charles Hoskinson, one of the co-founders of Ethereum and BitShares. Although Cardano (ADA) has not yet reached its final form, you can use it to send and receive payments, much like Bitcoin (BTC). However, Cardano (ADA) has its own unique features that set it apart from other cryptocurrencies out there right now. These include Ouroboros, sidechains, and smart contracts that are faster than Ethereum’s.
What is Cardano (ADA)
Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved by Ouroboros, a proof-of-stake algorithm. Cardano is developing a smart contract platform that seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Who is the founder of Cardano (ADA)
In 2015, Charles Hoskinson, the co-founder of Ethereum, began the development of Cardano. In 2017, Cardano launched its first major release: the Ouroboros Genesis. The second major release of Cardano in 2018 would create a new cryptocurrency called ADA that would be used for transactions on the platform.
Guide to buy!
You can buy Cardano from anywhere in the world using a broker or cryptocurrency exchange. The first thing you need to buy a Cardano coin, or any other cryptocurrency, is to create an account on a cryptocurrency exchange. This can be a daunting task for anyone who has never dealt with cryptocurrency before, but luckily the process is quite simple and straightforward. We will go over where you can buy Cardano coins easily and safely below.
Where do I store Cardano (ADA)
Yoroi is a secure and self-custody wallet for Cardano ADA. We made it our mission to build something that users can rely on, trust and use. The crypto space has been lacking user-friendly wallets and secure storage solutions that were needed to make a user-friendly cryptocurrency ecosystem. With Yoroi we have added a solution that makes your digital assets safe while you transact with them or store them away in cold storage.
What is the price of Cardano (ADA)
Cardano is currently priced at USD 0.475792 with a 24-hour trading volume of $805,057,512. Cardano has a market cap of USD 3,966,050,580 and a circulating supply of 25,107,483 ADA. ADA was created in September 2017 as an offshoot of blockchain technology pioneer Ethereum’s codebase. Its founder is Charles Hoskinson. Cardano's current price is
How to mine Cardano (ADA)
Since it technically can’t be mined, you can stake your ADA coins on Uphold to earn rewards. Staking means keeping your coins in an Uphold account that automatically pays out rewards based on how much ADA you have in there. Check out our tutorial on how to stake Cardano here!