Many analysts and experts in the crypto world think highly of Cardano. This is because the source code of the network has been fully verified using the scientific method.
Cardano is called the “Ethereum killer” as it also is a smart contract and DApps platform. On this page you can read what Cardano is and you get tips for buying Cardano.
Like Ethereum, Cardano is a blockchain platform on which smart contracts and DApps (decentralized applications) can be developed. On top of that, one of the founders of the project is a former CEO of Ethereum. A comparison between the two platforms is therefore easily made.
Cardano uses the proof-of-stake (POS) protocol and is a so-called third generation blockchain. This means that the platform's focus is efficiency and scalability. Ethereum, on the other hand, is a second-generation blockchain because it still uses the proof-of-work (POW) protocol and requires a lot more energy.
Cardano's source code, the computer language that forms the foundation of the protocol, has been fully tested according to the scientific method. This is unique in the blockchain world. A network of researchers and scientists scans the code for errors or bugs, so the entire code is screened by this network of experts.
Cardano will keep on developing based on a democratic voting system. Users can vote for new updates and other modifications. In other words, the majority of the network decides on the future of Cardano.
Buy Cardano (ADA) safely and easily via Knaken+
Cardano (ADA) is one of those projects that is quite popular in the crypto world. The platform's cryptocurrency, ADA, can therefore be purchased on most major exchanges. You can buy ADA via cryptocurrency exchanges such as Binance, Kraken and Coinbase.
When you buy ADA through an exchange, your ADA will be deposited in your exchange account. If you rather have the ADA in your own wallet, you can decide to buy ADA via an "over-the-counter" (OTC) platform. These are often local companies that deposit the ADA directly into your personal cryptocurrency wallet of which you do have access to the private key. Later on you can read some useful tips for when you decide to buy ADA.
Sell Cardano (ADA) safely and easily via Knaken+
Selling cardano (ADA) can often be done in the place where you bought your ADA. If you have your ADA in your exchange account, such as on Binance, you can sell it with just a couple of clicks for the current price via the same trading platform.
You can also choose to sell ADA via an OTC platform. In that case, you indicate how much ADA you want to sell, after which you will see which wallet address you have to send the ADA to. After that, the money will be refunded almost immediately.
Knaken helps you buy or sell Cardano (ADA) safely and easily. It doesn't matter if you are a beginner or veteran. These three simple steps apply to everyone.
< br />
• Select your cryptocurrency.
• Pay via the payment methods such as IDEAL.
• Receive and manage your crypto in your Knaken dashboard or your own wallet.
Why do people buy or sell Cardano (ADA)?+
As mentioned earlier on this page, Cardano is a project that seems to have a lot of potential. This is because it is a third generation blockchain project and thus better prepared for mass adoption. You can see buying ADA as a long-term investment. Before you do this you should do your own research into the project.
You can also use ADA to actively trade with. This means that you buy the cryptocurrency when the price is low and sell it again when the ADA price is peaking. You need technical analysis for this. There are many risks involved in active trading with cryptocurrencies because also the ADA price can be quite volatile.
Why choose Knaken?+
• Safe & Easy.
• No extra costs.
• Manage crypto via your Knaken Dashboard or your wallet.
• Knaken has its own exchange.
Important tips when buying/selling Cardano (ADA)+
As with all other cryptocurrencies, it is important that you take good precautions when you decide to buy Cardano (ADA). For example, it is important that you have a good, reliable ADA wallet. This can be either a software wallet or a hardware wallet.
In many cases, hardware wallets are the safest option since they are not connected to the internet. Hardware wallets are a type of USB stick on which you can store your ADA. You can then store this hardware wallet in a physical safe for extra security.
Read as much as you can about Cardano and don't blindly follow the advice of others. Browse the Internet, read official documentation from and about Cardano, and decide based on your own research.
Also research the parties that sell ADA. Unfortunately scams are common so it is important to look for reviews from other people, such as on Trustpilot. This will give you a better idea of a company.