What is Cardano (ADA) and how to buy it? Guide 2022

The cryptocurrency market has been a rollercoaster for the last 12 months. The prices of the main currencies, such as Bitcoin or Ethereum have experienced significant fluctuations. Although this may sound daunting, keep in mind that the cryptocurrency space is still in its infancy.

One cryptocurrency that has shown tremendous growth is the coin Cardan (ADA) . ADA is a decentralized computing platform that claims to offer more advanced features than any previous protocol. If you want to learn about ADA or just want to know the potential of this currency, continue reading.

What is Cardano (ADA)?

Cardano is a platform blockchain open source based on a particular idea called “currency as a service”. This means that everything is outsourced to the core team and there is no third party influence. It is very similar to Bitcoin, where everything is centralized and the only independent entity is the blockchain. ADA was launched at the end of 2015 and is still very new and is already accepted by more than 60 organizations . In October 2022, Cardano launched its open source wallet, known as Cardano Core Wallet which is free to use and open source.

How does Cardano work?

Cardano is a protocol that is based on the system proof-of-stake . It works by issuing tokens in order to start mining. These tokens can be used to facilitate different actions within the world of cryptocurrencies. For example: They can be exchanged for anything from Ethereum to Monero. As the team behind the coin is also creating an ecosystem of smart contracts. It also has the very powerful universal accounting system and a verifiable digital accounting book that will allow you to control and follow each and every one of the transactions. These and some innovations more will allow Cardano to be one of the most innovative and advanced protocols in the industry.

How to buy Cardano

Users in the market ADA You will find several options on the market, but the easiest way to buy Cardano cryptocurrency is by using a broker like NAGA, which has an account DEMO with $10,000 for you to test strategies before investing real money, in addition to having a wide variety of cryptocurrencies and stocks. We recommend that you make your transactions only through websites that are insured and provide guaranteed support and service. The platform that we have mentioned, has a technical service 24 hours and an active community that shares their posts and ratings, so you can copy their successful trades.

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