What do you mean by Cardano?

What is Cardano aka ADA?

How does it work?

  • Like other cryptocurrencies, ADA can also be bought & traded on different centralised & decentralised exchanges.
  • It can be used to pay transactions incurred on the Cardano network.
  • ADA token holders can also participate in governance & voting powers within its blockchain.
  • Additionally, ADA holders can delegate their currency to stake pools that vote to select a stake leader for block creation. In return, those who stake their ADA are rewarded.

Can you mine ADA?

Ouroboros Explained

  • The protocol divides transactions into epochs (a specific period of time in the blockchain), which are subdivided into time slots.
  • A slot leader is elected for each time slot and is responsible for adding a block to the chain.
  • Slot leaders along with any other participants who complete their process receive a reward for their services in the form of ADA.

Where to buy ADA?

About DIFX

--

--

--

https://difx.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

NFTs and Cryptocurrencies: How are they different?

Want Bitcoin’s Price to go up? Bet on People, Not Inflation

A simple analysis of token value — Part 3: IOV Token’s utility

Biblepay - a charity project giving back to holders

Bitcoin Surges to Highest Since July 2019 After PayPal Embrace

Memecoins: Assets Or Liabilities? The Case Of $SELINU

$STFI joins UniFarm’s Cohort 25; Staking to go live on BSC

Treon an Ethereum blockchain-based utility token and e-wallet

Hasil gambar untuk Bounty Treon

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
DIFX

DIFX

https://difx.com

More from Medium

Revuto Tech Talks 8: Project Catalyst

ADA — Cardano

Cardano Vasil Hard Fork Roll Out: Explained in Detail

The Cardano Community is Changing the World