What is Cardano?

Cardano is a smart-contract platform that strives to render numerous features through layered design. It uses a version of Proof-of-Stake (PoS) called Ouroboros to secure the network and manage the block production process. Its modularization will eventually allow for network delegation, sidechains, and light client data structures. The network features a native token called Ada that gives crypto holders a claim on new issuance in proportion to their holdings and allows users to pay for transactions.

Ada is a smart contract network that can bring security and scalability to the crypto market. Cardano has the determined objective of offering more improved features attributes than any other similar projects. Though the network development is still not complete, however, Cardano’s Ada token has become one of the largest cryptocurrencies by market capitalization.

Popular Markets for Ada coins

Ada coins are available on almost every popular crypto exchange. Moreover, the Ada coins are currently actively trading on various exchanges such as Binance, Huobi Global, OKEx, Upbit, and ZG.com. 

How Cardano is unique

Cardano is a prominent and popular blockchain that successfully uses a proof-of-stake consensus mechanism, which is less energy concentrated than the proof-of-work algorithm of Bitcoin. It is safe via an environmentally sustainable, verifiably secure PoS protocol that is popular as Ouroboros. Although a significantly larger Ethereum is going to be upgrading to PoS, however, the transformation will be a gradual process.

The project is fully dependent on transparency and stability. Cardano takes pride in ensuring that all of the technology developed goes through peer-reviewed research, meaning that people can challenge ideas before they are validated. According to the Cardano team, this academic rigor helps the blockchain to be durable and stable. This increases the chance of potential pitfalls that can be foreseen in advance. Ada coins are highly stable and a profit earning source in today’s time.