What is Cardano?
Cardano Blockchain Summary
Launch Year
2017
Type
Public Public Blockchain
Consensus
Ouroboros (Proof-of-Stake)
Cardano stands out for its emphasis on academic rigor, peer-reviewed research, and a methodical approach to development. Its Ouroboros Proof-of-Stake consensus mechanism aims to be highly scalable, secure, and energy-efficient. Cardano’s development focuses on sustainability, interoperability, and solving real-world problems, particularly in areas like finance and identity management. With a large and dedicated community, Cardano aims to create a blockchain platform built on evidence-based practices.
Cardano staking mechanism and details
Cardano’s Ouroboros Proof-of-Stake system enables ADA holders to participate in network security and earn rewards in two ways:
Details about Cardano staking
Delegation-Based System
Easily participate by staking ADA with stake pools and earning rewards without running a node.
Network Participation
Actively contribute to decentralization and governance within the Cardano ecosystem.
Rewards are distributed based on the amount staked, stake pool performance, and network participation. Cardano’s staking mechanism encourages decentralization and active engagement.
Blockchain's native cryptocurrency: ADA
Coin Utility
Used for paying transaction fees, participating in staking, and playing a role in Cardano’s governance mechanisms.
ADA has a fixed maximum supply of 45 billion tokens.
Value
ADA’s value is influenced by market demand, adoption of the Cardano blockchain, and overall project development.
Cardano Smart Contracts
Cardano supports smart contracts using a specially designed language called Plutus, focusing on security and verifiability. Cardano’s approach to smart contracts emphasizes correctness and reliability, aligning with the network’s overall methodical development philosophy.
Details about Cardano smart contracts
Plutus Platform
Develop smart contracts on a platform prioritizing security and verifiability.
Formal Methods
Benefit from Cardano’s rigorous development and testing approach for enhanced reliability.
Cardano Wallet Options
Daedalus (official)
Full-node desktop wallet offering maximum security and control.
Yoroi (official)
Lightweight browser-extension and mobile wallet with a user-friendly interface.
Ledger and Trezor
Hardware wallets provide superior security for storing ADA.
How to Buy Cardano (ADA): Exploring Your Exchange Options
Interested in adding Cardano (ADA) to your cryptocurrency holdings? Both centralized and decentralized exchanges offer paths to buying ADA. Here’s an overview of some of the top options to find where to buy Cardano for your investment strategy.
Best CEXs to Buy ADA
Binance
Global exchange featuring high liquidity and ADA trading pairs.
Coinbase
Popular and user-friendly exchange with ADA trading.
Kraken
Well-respected exchange offering a good selection of cryptocurrencies, including ADA.
KuCoin
Global exchange featuring several trading pairs for ADA.
Crypto.com
Provides various crypto services, including ADA trading.
Best DEXs to Buy ADA
Minswap
Leading decentralized exchange on the Cardano network.
Sundaeswap
Well-established DEX offering swapping and liquidity pools within the Cardano ecosystem.
Wingriders
A rising DEX on Cardano with a focus on order book-style trading features.
Important Note: Always research and consider factors such as fees, security, supported fiat currencies, and regional availability before choosing an exchange. It’s recommended to compare multiple options to find the best way to buy ADA that suits your specific needs.
How to track Cardano assets?
Monitor and capitalize all your Cardano assets from multiple sources with auto-synced data about coin prices, NFT floor prices, advanced analytics and custom asset based opportunities.
7 easy steps to track and capitalize all your Cardano assets
Open your crypto wallet app or web extension
Select your Cardano public wallet address and copy it
Open the Hodlezz mobile app and create a portfolio
Select the settings icon in your portfolio
Select [Add connector] from the menu
Select [Cardano] for any Cardano compatible address
Choose a name for your connector and insert your public wallet address
Start tracking all your crypto assets now
Experience seamless management of your digital assets with Hodlezz: the premier app for real-time tracking and analytics of your cryptocurrencies and NFTs.