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





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