Cardano

Reason To Buy Cardano (ADA)

• It has a market capitalization of more than $80 billion.
• It provides higher transaction speed.
• It has a maximum supply of 45 billion ADA.
• In the past 2 years, it has provided a return of more than 2300%.

Charles Hoskinson launched Cardano. He started devising this currency in 2015, finally launching in 2017, raising a total of $62.2 million as ICO (Initial Coin Offering).

Cardano is a Gen 3 platform that implements the PoS (Proof of Stake) as an alternative to outcast the rival cryptocurrencies that work on the PoW (Proof of Work) principles. It provides a better rate of transaction than the competitor Bitcoin and Ethereum. It has a massive return of investment(ROI) from the initial investments in recent years.

Things to consider before Buying Cardano (ADA)

• Cardano aims to be a DApp(Decentralized Application) that makes transactions smarter, more trusted, and user-friendly.

• Anyone can see through its code since it is an open-source platform.
• It runs on the Ouroboros consensus platform.

Tags

FAQ's

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.