Introduction: What is Cardano?
Cardano’s short name is (ADA) and is a decentralised public blockchain and cryptocurrency project. Cardano Cryptocurrency provides a platform to create applications that are both secure and scalable. Cardano has been on the cutting edge of crypto for quite some time, yet Ada has recently been struggling to reclaim its previous highs.
Some people are questioning whether the bull run is over for Ada. Others are claiming that today is the start of an epic rally.
The foundation of ADA
I’m going to give you a quick recap of Cardano, bring you up to speed on what the project has been up to and explain why Ada may very well be on the brink of a breakout.
Cardano was founded in 2015 by Charles Hoskinson and Jeremy Wood.
Charles Hoskinson is also one of the cofounders of Ethereum, and Jeremy Wood was a founding member of the Kansai Bitcoin Meet-up in 2013.
Cardano was built by two for profit companies Input Output Global, which is based in the United States with subsidiaries around the world and Emirgo,
which is based in Japan with subsidiaries around the world. The Cardano Foundation is a nonprofit that oversees the development of Cardano globally.
Cardano raised over $62 million between various token sales in 2015, 2016, and 2017. Cardano’s main net went live in September 2017,
and its blockchain is still in development. This is because Cardano has taken a research based approach to development with 128 academic research papers and counting.
The future of finance?
Like Ethereum, Cardano is a smart contract cryptocurrency, and its goal is to power the future of finance. By contrast with Ethereum,
Cardano uses a proof of stake blockchain, which can process around 300 transactions per second.
Tokens issued on the Cardano blockchain also do not require interacting with a smart contract to Mint or move.
As such, tokens on Cardano are referred to as native assets rather than tokens.
The absence of a smart contract with native assets keeps transaction fees on Cardano low,
and these transaction fees can be paid in native assets.
Ada is Cardano’s native cryptocurrency Coin. Ada has a maximum supply of 45 billion,
with a current inflation rate of just over 5% per year.
How and where can i Buy Cardano?
Buying Cardano can be done via different exchanges, of which Binance is the most popular one.
The process is quite simple, first download the Binance application and register an account. After that, buy crypto with credit card on the platform or deposit other cryptocurrencies into your Binance account and search for Cardano on the left side of the screen. Click on it and then click “buy” to purchase ADA coins at market price.
If you want to buy or sell crypto anonymously i mostly use a per 2 per site called Localcryptos.com where you can buy and sell crypto from ordinary people like you and me.
How to Store Your ADA Coins Safely?
Here are some wallets where you can store your ADA coins.
1. Ledger Nano S
2. Trezor
3. MyEtherWallet
4. Changelly
5. Trust wallet
6. Exodus
7. Atomic Wallet
Cardano Mining Pools – How to Join One. Which are the Best Ones?
1. The Cardano community has set up a number of mining pools for you to choose from.
2. Join one of them by following instructions on the respective website.
3. Find out which are the best mining pools for your needs and join one or more of them, depending on your calculations and preferences.
Best Cardano Trading Strategies for Investors!
The Cardano crypto-currency is one of the most popular and innovative crypto-currencies in the world.
At present, there are two major Cardano trading strategies that traders use to make money from it. These are:
1) Buying and holding: You buy Cardano for a long period of time with the intention of selling when the price goes up. This strategy is popular among investors who believe that in future, Cardano will be worth more than it is today and they would like to profit from this appreciation in value.
2) Trading CFDs: You buy a contract for difference (CFD) on an asset which you do not own yet, but that you speculate will.
Conclusion – Is it the Right Time to Invest in Cardano?
The best thing about investing in Cardanos is that it has immense potential and is currently at a low and affordable price. The token’s use cases are diverse and the team of developers is committed to making it a high-quality, secure, and scalable cryptocurrency.
Summary
Cardano Cryptocurrency:
Cardano is a peer-to-peer platform, mobile wallet app, and protocol for sending money globally and can process around 300 transactions per second.
