Cardano is a public, open-source, decentralised blockchain platform, whose primary crypto ‘ada’ was launched in 2015. Founded by the co-founder of the blockchain network Ethereum, Charles Hoskinson, Cardano works on a proof of stake (PoS) consensus protocol model as opposed to the proof of work (PoW) on which Ethereum is based. The Cardano platform is lauded for its academic research-based protocol, informed by peer-reviewed insights at different stages of its development. Called the ‘Ouroboros’ protocol, a PoS consensus protocol developed by Cardano at its foundation stage, it has since proven to be secure, transparent and efficient.
Cardano’s business plan is similar to that of Ethereum and positions itself in the market as a worthy competitor to Ethereum. Its five-stage developmental plan envisages itself as a platform with many applications and services, including smart contracts and eliminating counterfeits through traceability. Cardano is a sustainability, transparency and scalability driven model, and it hopes to expand its infrastructure for financial and social applications on a global scale.
Security is one of the key features that Cardano prides itself on. It is written in the functional language Haskell, which uses pure functions to build systems, each of which can be tested in isolation.
Characteristics of The Token ADA (Cardano)
Ada, named after Ada Lovelace, a 19th-century mathematician also known as the first computer programmer, is the native digital currency of Cardano, which any user can use as a secure exchange of value without the interference of any third party.
Moreover, every transaction is recorded on the Cardano blockchain and is secure and transparent. As an ada holder, you will also hold a stake in the Cardano network, with options of holding or pledging ada in a stake pool to further earn rewards (rather than holding it in the wallet).
How to Buy ADA?
You can get started with just a few easy steps:
- Register on ZebPay crypto exchange, and create an account.
- As standard verification, upload your documents and complete the KYC process.
- Choose the amount of money you want to invest and load your virtual wallet.
- Buy Cardano (ADA) with the deposited funds.
Why Buy ADA With Zebpay?
- Very reliable and secure to buy crypto assets such as Bitcoin, Ethereum, Ada and many more
- User -friendly interface
- Simple transactional experiences
- Keen focus on providing foolproof and robust security measures for your wallet.
