Cardano

Cardano is a decentralized blockchain network built on "proof-of-stake" consensus, which validates transactions at low energy costs

What makes Cardano Valuable?

  1. Cardano is the fifth biggest crytocurrency by "market cap"

  2. Cardano's native ADA is supply-capped (there will only ever be 45,000,000,000 ADA)

  3. The Cardano network is capable of running "Smart Contracts" and uses a "proof-of-stake" system called Ouroboros which is less energy intensive and more environmentally sustainable than proof-of-work.

  4. In proof-of-stake "validators" are selected based on the amount of ADA they have "staked". The winner adds the block to the blockchain an other validators must then attest to its accuracy to receive ADA rewards.

Other facts about Cardano

  1. Charles Hoskinson, the creator of Cardano, was a co-founder of Ethereum.

  2. Cardano's Ouroboros concensus mechanism is heavily backed by peer- reviewed research. They are aiming for precision over speed.

  3. ADA was named after Ada Lovelace.

  4. If you do not wish to become a validator in the network, you may "delegate" your stake to a staking pool run by someone else to earn ADA rewards.

  5. 70% of all ADA is being staked.

Heading to the exchange for some ADA?