Cardano is a modern blockchain aiming to solve Ethereum and Bitcoin scaling challenges. It borrows crucial elements from Bitcoin and expands on what Ethereum is building for an efficient, decentralized, and high-performance platform.
Cardano aims to be a Better Version of Ethereum
As a third-generation blockchain, Cardano introduces a new way of smart contracting.
By integrating Bitcoin’s accounting style and overlaying them with smart contracts, Cardano is more dynamic, adaptable, and, most importantly, unique. It is also the most decentralized Proof-of-Stake ledger.
Cardano was built from the ground up by a team of developers led by Charles Hoskinson, the co-founder of Ethereum. It has already achieved more than Ethereum’s developers plan to implement with Eth2.
Considering Cardano developers’ leaning on quality, its native currency, ADA, is now one of the most liquid and valuable digital assets. Cardano stands out though it is still being built, activating smart contracting in late September 2021 and concluding its third development phase dubbed Goguen.Cardano is a popular smart contracting platform in the same breath as Bitcoin and Ethereum. ADA is also one of the most liquid. Learn how to get started with Cardano here: Click To Tweet
How to Get Started in Cardano
Cardano aims to be a secure, decentralized, and efficient blockchain, explaining why it is relatively lightweight guided by science. For what Cardano promises, users are interested in getting started and holding its native currency, ADA.
This is how to get started with Cardano:
First, download and install Daedalus or the Yoroi lightweight wallet if you want to take charge of Cardano (ADA).
Second, create an account and purchase ADA from a centralized exchange like Coinbase or Binance.
Third, you can choose to store your ADA on the cryptocurrency exchange or transfer it to Daedalus or Yoroi. The best option is to move your assets to a non-custodial approved wallet like Yoroi—or any other supporting wallet of your choice where you have direct control of private keys.
With ADA on your hands, you can trade, stake, or even participate in the rapidly expanding Cardano DeFi ecosystem. However, while holders are free to do as they please, care should be taken to avoid losing assets.
To learn even more about Cardano and other cryptocurrencies check out our podcast.
Dalmas is a very active cryptocurrency content creator and highly regarded technical analyst. He’s passionate about blockchain technology and the futuristic potential of cryptocurrencies.