What is Cardano?

ABOUT THE BLOCKCHAIN

Cardano Blockchain Summary

cardano logo

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.

STAKING

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.

NATIVE CRYPTOCURRENCY

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.

SMART CONTRACTS

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.

WALLETS

Cardano Wallet Options

Hodlezz app showcase

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.

BUY CRYPTO

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.

TRACK ALL YOUR ASSETS

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.

Hodlezz app portfolio data and features

7 easy steps to track and capitalize all your Cardano assets

Open your crypto wallet app or web extension

Cardano Wallet instructions for Hodlezz app
Cardano Wallet instructions for Hodlezz app

Select your Cardano public wallet address and copy it

Open the Hodlezz mobile app and create a portfolio

Hodlezz app portfolio instructions
Hodlezz app coin display

Select the settings icon in your portfolio

Select [Add connector] from the menu

Hodlezz app Portfolio menu
Cardano integration in Hodlezz app

Select [Cardano] for any Cardano compatible address

Choose a name for your connector and insert your public wallet address

Hodlezz app portfolio connector setup

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.