Cardano – Ada Cryptocurrency Review

Cardano - Ada Cryptocurrency Review

What is Cardano?

Cardano is an open source blockchain technology project. Like similar projects, Cardano consists of a platform and a cryptocurrency. Cardano’s cryptocurrency, Ada (ADA), currently ranks no 9 on coinmarketcap.

Cardano is a decentralized public blockchain and cryptocurrency project and it’s fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers including Ethereum co-founder Charles Hoskinson.

Hoskinson left the Ethereum project before the network launched and eventually went on to found IOHK. The project which began in 2015 was finally launched on September 29, 2017, after two years of development.

Cardano(Ada coin) Exchanges

Cardano’s ADA token is currently trading in three exchanges(Bittrex, Binance and Mr.ripple), with 95% of its volume being on Bittrex’s ADA/BTC pair.
ADA/BTC and ADA/ETH trading pairs are now available on and bittrex.

Cardano(Ada) Cryptocurrency Wallet

Daedalus is an open source cryptocurrency wallet for Ada coin, built to grow with the community. It’s a secure, multi-platform, hierarchical deterministic (HD) wallet for the Ada cryptocurrency.
Daedalus currently supports only Ada coin and intend to add support for bitcoin and ethereum in coming future.

Daedalus  wallet features:
Backup: Easy backup of funds using  hierarchical deterministic(HD) feature
Private Keys: Encrypted private keys and spending passwords to protect against security threats like malware
Cold Storage: Easily export Wallet to a paper certificate.

Dalaus wallet is currently available for download on Windows and Mac Os.

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