The cryptocurrency market has been a rollercoaster ride for the past 12 months. The prices of major coins such as Bitcoin or Ethereum have experienced significant fluctuations. While this may seem discouraging, it should be noted that the cryptocurrency space is still in its infancy.
One cryptocurrency that has shown tremendous growth is the Cardano (ADA) coin. ADA is a decentralised computing platform that claims to offer more advanced features than any previous protocol. If you want to learn about ADA or simply want to learn about the potential of this currency, read on.
What is Cardano (ADA)?
Cardano is an open source blockchain platform based on a particular idea called “currency as a service”. This means that everything is outsourced to the core team and there is no third party influence. It is very similar to Bitcoin, where everything is centralised and the only independent entity is the blockchain.
ADA was launched at the end of 2015 and is still very new and is already accepted by more than 60 organisations. In October 2017, Cardano launched its open source wallet, known as Cardano Core Wallet, which is free to use and open source.
How does Cardano work?
Cardano is a protocol that is based on the proof-of-stake system. It works by issuing tokens in order to start mining. These tokens can be used to facilitate different actions within the world of cryptocurrencies.
For example: they can be exchanged for anything from Ethereum to Monero. As the team behind the coin is also creating an ecosystem of smart contracts.
It also has the very powerful universal accounting system and a verifiable digital ledger that will allow each and every transaction to be tracked and monitored.
These and a few more innovations will make Cardano one of the most innovative and advanced protocols in the industry.
How to buy Cardano
Users in the ADA market will find several options in the market, but the easiest way to buy the Cardano cryptocurrency is by using a broker like NAGA, which has a DEMO account with $10,000 for you to test strategies before investing real money, as well as a wide variety of cryptocurrencies and stocks.
We recommend that you only trade through websites that are secured and provide guaranteed support and service.
The platform we mentioned above has 24 hour technical support, and an active community that shares their posts and reviews, so you can copy their successful trades.
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If you can understand the fundamentals of blockchain technology and cryptocurrency, you can understand Cardano.
Cardano has the potential to disrupt the entire cryptocurrency market and create a multi trillion dollar market in the long run. Are you going to sign up for this new trend?
Canal Trader
