Cardano (ADA) Explained
What is Cardano?
Cardano is a Proof-of-Stake (PoS) blockchain and a smart contracting platform alternative to Ethereum. It is developed by Input Output Global (IOG), whose technical lead, Charles Hoskinson was the co-founder of Ethereum. Cardano is built from the ground up and is guided by peer research, emphasizing quality over speed. The development team introduced a lighter PoS consensus algorithm in Ouroboros for quicker scaling while keeping transaction fees predictable. Cardano is still in development after activating smart contracting during the Goguen Phase.
Why Trade Cardano (ADA)?
ADA is the native currency of Cardano. Cardano's development team has been relentless and firm, ensuring that their product launches and surpass expectations. With smart contracts in a network that's already the most decentralized and energy-efficient, the price of ADA could rally to record levels above 2021 highs as DeFi picks up in its ecosystem. CryptoAltum supports ADA trading with high leverage of up to 50X through its easy-to-use MT5 trading platform. ADA is paired against BTC, USDT, ETH, and other liquid digital assets.
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