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Cardano (ADA)
5.87%
$ 0.39687
$ 0.023296
⇣ 0.395040
15 Jan
⇡ 0.418444
What is Cardano (ADA)?

Cardano is a platform with the ADA crypto system that can be used to send and receive cryptocurrency. This cryptocurrency represents the future of money and guarantees fast, direct transfers that are secured with cryptography.
Cardano is not just a cryptocurrency, it is a technological platform that can execute financial applications used daily by individuals, organizations, and governments around the world. The platform is built in blocks to facilitate easier updates within the system and upgrades with soft forks. After completing the foundational layer that will manage ADA, a separate computation layer will be created to handle smart contracts, digital legal agreements that will support future trade and business. Cardano will also operate decentralized applications or dapps (systems that directly connect users and suppliers) without a central authority but instead on a blockchain.
The innovation Cardano offers is to balance users needs with regulators demands and integrate privacy with regulation. Cardano's vision is that this new regulated computing style will provide open access to fair financial services, enabling greater financial inclusion for everyone.
Who is the Founder of Cardano (ADA)?
The founder of Cardano is Charles Hoskinson. He is a leading figure in blockchain development and a co-founder of several key projects in the blockchain. Besides Cardano, Charles is also among the founders of Ethereum and Ethereum Classic.
In 2013, Charles Hoskinson, along with Dan Larimer, the co-founder of EOSIO, initiated Invictus Innovations, their first blockchain and cryptocurrency venture.
What Makes Cardano Different from Other Cryptocurrencies?
Many of the positive predictions for Cardano prices are due to technical reasons offered. One such reason is the cryptocurrency's block generation algorithm.
Meanwhile, the "Alternative Proof of Stake" algorithm is gaining importance as a way to reduce the electricity consumption of cryptocurrency mining. Cardano's Ouroboros protocol was one of the first Proof of Stake systems and has been proven secure to date. They started developing the Daedalus Wallet by improving requests for user security. In addition to the usual privacy concerns of a cryptocurrency wallet, Daedalus also allows customization of specific spending passwords and transaction tracking.
How is Cardano (ADA) Mining Done?
Mining Cardano (ADA) does not operate on the system we are accustomed to with other cryptocurrencies. Mining cannot be done with a special device consuming electricity, as in Bitcoin mining.
The Cardano mining system works as follows: you load a certain amount of Cardano balance into your eligible Cardano wallet, and you earn Cardano based on this balance at a certain percentage. This system operates with the Proof of Stake method. You can check our article "What is Staking?" for more about Staking.
There is no need for a special mining device or electricity consumption for Cardano mining. You receive Cardano rewards based on the balance in your Cardano wallet, allowing the system to continue its operations more practically compared to other mining types.
How to Buy Cardano?
In Turkey, buying Cardano with Turkish Lira is much easier and faster than expected. You can buy Cardano without any technical knowledge or official documents.
Cardano (ADA)
5.87%
$ 0.39687
$ 0.023296
⇣ 0.395040
15 Jan
⇡ 0.418444
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