Cardano (ADA) - An Overview
Cardano is a digital currency which is designed to offer more scalability and better security than its predecessors in a crypto exchange app. The project was first introduced in September 2017 by Input Output Hong Kong (IOHK), a leading blockchain development company that focuses on emerging applications such as ADA.
Cardano runs on blockchain and is the first open-source cryptocurrency created from a scientific philosophy. Emphasis was given to interoperability between ledgers, delivering both security and scalability. This goal of Cardano is to be created as an environment for decentralized applications to run with smart contracts interfacing with one another via side chains.
Uses of Cardano:
Cardano is a decentralized computing platform that uses the blockchain to offer a range of capabilities in terms of security, scalability, and sustainability. The Cardano platform is home to many Dapps and smart contracts which provide various use cases for a broad spectrum of individuals and organizations.
The decentralized nature ensures that there are no intermediaries involved in the transactions which happen on the platform. This prevents any third parties from tampering with the data because it is cryptographically secured by blockchain technology. The certainty provided by this distributed ledger system also fosters trust among stakeholders in transactions related to financial transactions, voting systems, supply chains etc. The presence of a regulatory-compliant framework also provides an increased sense of security among users and potential investors.
Interesting facts about Cardano:
Cardano was founded by Charles Hoskinson, a former CEO and co-founder of Ethereum.
Cardano is a blockchain tech that provides financial services to people, running on blockchain technology. It is built using peer-to-peer technology, open source software as well as consensus mechanisms.
Cardano focuses on security with the use of Haskell programming language and cryptographic techniques like formal verification and proof of stake.
It uses ADA coin which is one of the leading currencies in the cryptocurrency market with a cap of $2 billion dollars, it has a price value of $0.3092 at the moment
Cardano is ranked third among all cryptocurrencies in the world today
It has grown more than 3000% since this summer
It ranks 8th position for its market capitalization
Tokenomics :
Token Name : Cardano
Short Name : ADA
Total Supply : 34,277,702,082
Circulating Supply: 33.93B
How to buy Cardano (ADA) ?
Follow the below steps to buy Cardano,
1. Create a crypto trading account with KoinBX global cryptocurrency exchange platform
2. Complete your KYC Verification Process
3. Add your Bank Account
4. Start to buy Cardano with Bitcoin (BTC), Ethereum (ETH), Indian Rupee (INR), and Tether (USDT)
ADA/BTC -> https://www.koinbx.com/trade/ADA_BTC
ADA/ETH -> https://www.koinbx.com/trade/ADA_ETH
ADA/INR -> https://www.koinbx.com/trade/ADA_INR
ADA/USDT -> https://www.koinbx.com/trade/ADA_USDT
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Binance, one of the world’s biggest crypto exchanges, has announced on July 5 that it will support the upcoming Ontology 2.0 network upgrade.
Ontology 2.0 will include the integration of a number of community-led upgrades to its MainNet.Binance says that it will end support of Neo Enhancement Protocol 5-based, or NEP5, ONT tokens deposits.
Any future deposits of NEP5 ONT will not be credited to users' Binance account, it indicates.Deposits and withdrawals of ONT will be stopped starting July 6 at 9 a.m. UTC.
Users will be notified when the Ontology upgraded network becomes stable and deposits and withdrawals are reopened, says Binance.Key notes about the Ontology 2.0 upgrades of Binance :1.
NEP5-based ONT tokens will no longer be supported on Binance.
Any future deposits of NEP5 ONT will not be credited to your account3.
