What is ADA?
Developed by IOHK, ADA is basically a fuel used to run Cardano Blockchain. It is a decentralized Cryptocurrency which aims to solve security issues in Crypto Trading. ADA offers seamless support to organizations for efficient use of smart contracts and dApps based on Cardano.
What are the advantages of ADA?
Being the first decentralized platform, it aims to mix the transactional properties of Bitcoin, with ETH Smart Contracts and Delegated Apps of Ethereum.
In near future, we will observe the new language of smart contracts which will probably be powered by Cardano. The primary attributes will include more security so that no party can modify the contract without the agreement of another.
All the information stored in Cardano cannot be modified or changed in any way possible.
Where to buy and store ADA?
Since ADA is currently not as popular as other cryptocurrencies, its availability on all the major platforms is not possible at this time. However, few of the major platforms that have recognized ADA are CoinSwitch, KuCoin, ChangeNow, Cryptopia , Binance and Bittrex.
Moreover, if you are looking to store ADA, the only option available as of now is the official ADA Wallet called Daedalus. More wallets are expected to be added for storing of ADA.
How ADA is different from other cryptocurrencies?
Being in the development phase, ADA is still recognized as the third generation of cryptocoin, while Bitcoin and Ethereum being the first and second respectively. More than that, the smart contracts based on Cardano is expected to be more faster and easier by offering various language support for app development.
Should you should invest in ADA?
- Even though it is a fresh Cryptocurrency, it is still able to capture the market. The supply of ADA Coins is currently capped at 45 million ADA coins.
- Since ADA is in its initial phase, it might not be the best idea to go after investment opportunities in ADA coins. A little more wait could produce much better results.
- Currently, the price of ADA is cheap which is quite good since in the future it is expected to skyrocket.
Started off in ICO, Cardano is yet to be developed but the current hype tells us that it could be as successful as other major cryptocurrencies.
Read complete Article here : ADA – Everything You Need To Know
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