-4.31% Bitcoin (BTC) 30410.79 EUR
-0.45% Ethereum (ETH) 2317.77 EUR
-6.83% Litecoin (LTC) 78.97 EUR
-4.63% B-Cash (BCH) 228.01 EUR
+3.91% Ethereum (ETH) 0.0769418 BTC
-2.40% Litecoin (LTC) 0.00262701 BTC
-0.26% B-Cash (BCH) 0.0075851 BTC
-4.55% Bitcoin (BTC) 32060.0361 USDC
-0.01% USD Coin (USDC) 0.95 EUR
-4.26% Bitcoin (BTC) 32058.511 USDT
-0.97% Tether (USDT) 0.94 EUR
-4.09% Chainlink (LINK) 8.67 EUR
+0.49% Chainlink (LINK) 0.00028771 BTC
-3.12% Dogecoin (DOGE) 0.1 EUR
+1.10% Dogecoin (DOGE) 0.00000366 BTC
-4.54% Uniswap (UNI) 6.21 EUR
-0.24% Uniswap (UNI) 0.00020654 BTC
+1.45% Cardano (ADA) 0.65 EUR
+6.02% Cardano (ADA) 0.00002172 BTC
+1.24% Tron (TRX) 0.07 EUR
+6.25% Tron (TRX) 0.00000255 BTC
+2.06% Shiba Inu (SHIB) 0.00001662 EUR
-3.12% Binance Coin (BNB) 312.19 EUR
+1.35% Binance Coin (BNB) 0.01036866 BTC
0.00% Binance USD (BUSD) 0.95 EUR
-4.35% Bitcoin (BTC) 32051.2289 BUSD
-6.39% Zcash (ZEC) 95.89 EUR
-2.17% Zcash (ZEC) 0.0032017 BTC
+2.07% Basic Attention Token (BAT) 0.00001577 BTC

Cardano (ADA)

What is Cardano?

 

Cardano is an open-source blockchain protocol, launched by one of the team members behind Ethereum, Charles Hoskinson. His goal initially was to develop a crypto asset that was fast, and stable with the potential of its price going up due to its scarcity. The initial concept of the Cardano blockchain was to use the Proof-Of-Stake protocol instead of the Proof-Of-Work protocol, which is widely familiar to Bitcoin users.

 

The concept of creation dates back to 2017. As of today, the Cardano blockchain is a blockchain protocol that gathered the world’s best programmers, engineers, mathematicians, and scientists from all around the world. Its main goal is to ensure quick, secure, and stable asset transactions while being decentralized and independent from banking institutions.

 

How does Cardano work?

 

Cardano’s developer had one thing in mind while coming to terms with the platform’s essence – to distinguish it from the other cryptocurrency's shortcomings.

 

Cardano’s first goal is to make the verifying of transactions much faster. The main goal is to speed up the platform with its growing usage instead of slowing it down. Thus the blockchain capability scales in a linear matter with its usage.

 

Cardano is interoperable – its users can easily convert their Cardano assets to any other crypto by using bridges.

Another one of the platform’s main goals is for it to be self-sustainable – the easiest way to guarantee its users the scalability. Cardano collects fees and then pays them to the biggest contributors to the platform.

 

ADA is the token used in the network. It is named after Ada Lovelace, the first computer programmer. The Proof-Of-Stake protocol simply means that instead of solving difficult math problems, the verification of transactions is made according to the amount of ADAs staked.

 

Benefits of Cardano

 

  • Usage of Proof-Of-Stake protocol 
  • Scalability and security
  • Self-sustainability
  • Growing token’s value

 

 

How to buy ADA?

 

  1. Create an account.
  2. Verify your identity.
  3. Fund your account and start trading Cardano’s Ada on X1.

 

What to do after buying Cardano?

 
  • Store/Hold ADA

You can safely store your ADA in your account or your crypto wallet. If you seek to make a major investment in ADA a hardware wallet is the best option for storage.

  • Trade ADA

You can trade ADA for other cryptocurrencies.

  • Send ADA

You can send it to anyone and anywhere.

Risk Warning: Cryptocurrency trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Coinsbay, otherwise seek independent advice if necessary. Crypto, CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.

The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements.