Cardano is a decentralized public blockchain and cryptocurrency project that is developing a smart contract platform. The ADA cryptocurrency is used to send and receive payments on the network. Cardano is unique in that it was created by three organizations: Charles Hoskinson, IOHK (the creator of Ethereum), Emurgo, and the Cardano Foundation.
The Cardano Foundation is a Swiss non-profit that promotes and oversees the development of Cardano. Emurgo is a Japanese venture capital firm that invests in businesses and projects that develop on the Cardano platform. IOHK is a technology company that leads the development of Cardano.
Cardano is one of the most promising cryptocurrencies and is currently in the top 10 on CoinMarketCap. The Cardano network has a market cap of over $7 billion and the ADA cryptocurrency has a market cap of over $1.5 billion.
The ADA ecosystem is growing rapidly with new businesses and projects being developed on the platform every day. Some of the most notable projects include the Shelley Project, a project that is working to decentralize the Cardano network; the Daedalus wallet, a secure desktop wallet for ADA; and the Cardano SL protocol, a protocol that allows businesses to build applications on the Cardano platform.
Why is Cardano so promising?
There are several reasons why Cardano is so promising. First, the team behind Cardano is extremely experienced and has a proven track record in the cryptocurrency space. Second, Cardano is one of the most well-funded cryptocurrencies, with over $100 million in funding. This ensures that the development of Cardano will continue at a rapid pace. Finally, Cardano is one of the most advanced cryptocurrencies and has many features that are not found in other cryptocurrencies. This makes it a strong contender for becoming the dominant smart contract platform.
How to buy ADA?
ADA can be bought on several exchanges, including Binance, Bittrex, and Coinbase. To buy ADA, you first need to purchase Bitcoin or Ethereum on a cryptocurrency exchange. Then, you can use those cryptocurrencies to buy ADA on an exchange that supports ADA. For more information on how to buy ADA, please see our guide on How to Buy ADA.
Where to store ADA?
There are several options for storing ADA. The most popular option is the Daedalus wallet, which is a desktop wallet that is available for Windows, Mac, and Linux. Daedalus is the official wallet for ADA and is very secure. Other options for storing ADA include the Cardano SL wallet, which is a mobile wallet that is available for Android and iOS, and the Yoroi wallet, which is a web wallet that is available on the Cardano website.
Conclusion
Cardano is a promising cryptocurrency with a solid team behind it and a rapidly growing ecosystem. The ADA cryptocurrency is a strong contender for becoming the dominant cryptocurrency.
