What is Cardano ADA? ADA Cardano Explained

#cardanowallet #cardano #adacardano

Cardano 2021 update: https://www.youtube.com/watch?v=RTrdfIpdOt0

Cardano 101: What is Cardano? What is ADA Cardano? What is the difference between Cardano and the ADA cryptocurrency? Cardano Explained. Stake Cardano ADA in the Exodus Cardano Wallet and earn staking rewards as passive income.

We answer these questions in an easy-to-understand ADA Cardano overview.

How much will the ADA cryptocurrency be worth in 2020? Leave your Cardano price prediction in the comments!

Our friend’s at DeCrypt have an easy-read article on ADA Cardano here: https://decrypt.co/resources/cardano

Cardano 101: What is Cardano? ADA Cardano Explained, chapters:

0:00 Introduction: Cardano (ADA), launched in 2015, gained a lot of attention for its ambitious plans to become the “internet of blockchains.”

0:52 What is Cardano? What is ADA?: The difference between Cardano and ADA can be best described as Cardano being the home where ADA coins live. Cardano is a blockchain and ADA cryptocurrency live on the Cardano Blockchain.

1:17 Cardano Blockchain Use Cases: Apart from being able to send and receive ADA, the Cardano Blockchain also is used for hosting Smart Contracts and applications.

1:24 Similarities between Cardano vs. Ethereum: Cardano’s Co-Founders, Charles Hoskinson & Jeremy Wood, were instrumental in the early days of Ethereum.

1:47 Staking Cardano ADA: ADA is a Proof-of-Stake (POS) coin that fuels the Cardano Blockchain. By staking Cardano, users can assist in validating block transactions allowing users to mine Cardano as a reward for validating Cardano blockchain transactions.

2:00 ADA Coin Supply: The maximum supply of ADA coins is capped at 45 billion. The current circulating supply of ADA is 31 billion.

2:13 Validating Cardano Transactions: Cardano miners perform functions much like Bitcoin miners do through a consensus algorithm called Ouroboros Proof-of-Stake.

2:27 How to stake Cardano: Anyone holding ADA can become a Cardano Stakeholder and can become a Slot Leader to mint new blocks on the Cardano Blockchain. The more ADA you hold, the greater the opportunity is at becoming a Slot Leader. You can stake Cardano, on desktop or mobile, in one tap with your Exodus Cardano Wallet.

3:25 Diving into the Cardano Blockchain: Cardano blockchain is made up of 2 layers enabling greater flexibility for Cardano Smart Contracts.

4:49 The Internet of Blockchains: Through side chains, Cardano hopes to build an interoperable blockchain or an “internet of blockchains.”

🔔★Subscribe for more videos about Exodus wallet and crypto★🔔
https://youtube.com/c/exodus?sub_confirmation=1

★☆★Download your Cardano wallet for Mobile and Desktop★☆★
https://www.exodus.com/ada-cardano-wallet

★☆★Cardano Resources★☆★
Cardano Staking: https://www.exodus.com/blog/cardano-staking/
Where to store Cardano for maximum security: https://www.exodus.com/blog/where-to-store-cardano/
Cardano vs. Ethereum: https://www.exodus.com/blog/cardano-vs-ethereum/

★Follow Exodus on Social Media★
🐥 https://twitter.com/exodus_io
🎭 https://www.facebook.com/exodus.io
📸 https://www.instagram.com/exodus_io/

Information provided is for informational purposes only and should not be considered financial advice. Investing in crypto assets is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Past performance is not indicative of future results.

What is Cardano? ADA Cardano Explained with Kris Merkel

source