What is Cardano?
Cardano takes a research-first approach to blockchain development. Founded by Ethereum co-founder Charles Hoskinson, it uses peer-reviewed academic research to guide its development.
Key Features
- Technology: Ouroboros PoS protocol
- Use Case: Smart contracts, identity
- Consensus: Proof of Stake
- Launch Year: 2017
How Does Cardano Work?
Cardano operates on a peer-reviewed proof-of-stake blockchain. The network is designed to provide a more secure and sustainable smart contract platform. ADA tokens are used for staking, governance, and transactions.
How to Buy ADA
You can purchase ADA on major cryptocurrency exchanges including:
Storing ADA Safely
For long-term storage, consider using a hardware wallet like Ledger Nano X or a software wallet that supports Cardano. Always keep your private keys secure and never share them.
Cardano Price Analysis
Cardano has shown steady development over the past year. As with all cryptocurrencies, ADA is subject to market volatility. Always do your own research before investing.