ADA - Everything You Need To Know - iTechCrypto
What is ADA?
Developed by IOHK, ADA is basically a fuel used to run Cardano Blockchain. It is a decentralized Cryptocurrency which aims to solve security issues in Crypto Trading. ADA offers seamless support to organizations for efficient use of smart contracts and dApps based on Cardano.
What are the advantages of ADA?
Being the first decentralized platform, it aims to mix the transactional properties of Bitcoin, with ETH Smart Contracts and Delegated Apps of Ethereum.
In near future, we will observe the new language of smart contracts which will probably be powered by Cardano. The primary attributes will include more security so that no party can modify the contract without the agreement of another.
All the information stored in Cardano cannot be modified or changed in any way possible.
Where to buy and store ADA?
Since ADA is currently not as popular as other cryptocurrencies, its availability on all the major platforms is not possible at this time. However, few of the major platforms that have recognized ADA are CoinSwitch, KuCoin, ChangeNow, Cryptopia , Binance and Bittrex.
Moreover, if you are looking to store ADA, the only option available as of now is the official ADA Wallet called Daedalus. More wallets are expected to be added for storing of ADA.
How ADA is different from other cryptocurrencies?
Being in the development phase, ADA is still recognized as the third generation of cryptocoin, while Bitcoin and Ethereum being the first and second respectively. More than that, the smart contracts based on Cardano is expected to be more faster and easier by offering various language support for app development.
Should you should invest in ADA?
- Even though it is a fresh Cryptocurrency, it is still able to capture the market. The supply of ADA Coins is currently capped at 45 million ADA coins.
- Since ADA is in its initial phase, it might not be the best idea to go after investment opportunities in ADA coins. A little more wait could produce much better results.
- Currently, the price of ADA is cheap which is quite good since in the future it is expected to skyrocket.
Started off in ICO, Cardano is yet to be developed but the current hype tells us that it could be as successful as other major cryptocurrencies.
Read complete Article here : ADA – Everything You Need To Know
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Actually, you can store ADA safely on a ledger Nano S as well so you may want to change your info AND it looks you've spelt Cardano wrong every time. You have put "Cardono" instead.
A word of warning as well, if you're going to promote your post, please make sure that what you write is accurate and professional looking as the trending page is the "face of Steem".
With all the changes going on here, you may get hit with "rewards redistribution" as something that is over botted is under the spotlight. Just letting you know.
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@nickyhavey First of all thank you for your kind feedback. It really helped me to improve current content. I don't know how it happened but I will take care that it never happened again and I will check spellings before posting it.
I understand and I will try my best to make it better and professional.
No worries man, I know you mean well. We're entering a new era on steem and the trending feed is the first place people will go to make sure posts aren't over rewarded, especially with the 2.5 free downvotes we get.
It's to deter the use of bid bots and to make the trending feed a bit more organic - we'll see how successful it is - but trust yourself more and try not to use bid bots as much. See how you get on 🙂
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Hi @flash07
Friend, definitely the basic way as you explain it is easy to understand, especially for the new ones that are beginning in this world.
I will follow your advice and be aware of that crypto. The good thing is that despite everything is in very good wallets.
Greetings friend.
Hello @flash07
Great post bro. Short and concise. Well done.
I personally love Cardano, mostly due to their initial business strategy of allowing only peer-reviewed research and proposals to go through. I recently found this mind map about Cardano that I think will immensely help everyone to understand it better
Here it is: https://cardanowiki.info/wiki/Cardano_Mind_Map
I've heard a lot of good things about ADA and Cardano. For those with limited finances and more time than me, I hear there are opportunities to earn.
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
Interesante el tema, de esta criptomoneda hay que seguir su evolución
Your level lowered and you are now a Red Fish!
This post has received a 38.1 % upvote from @boomerang.
Dear @flash07
Sorry for such a late comment.
ADA and Cardano used to interest me a lot until I discovered STEEM. Somehow I absolutely forgot about them. Thx for refreshing my memory.
ps.
I didn't have a chance to comment on your post earlier on (simply because of the fact that STEEM blockchain was down so I took few days off and allowed my eyes to rest a bit :)
What's your impression so far? One week after hf21 and hf21 has been introduced?
ps.
Check out my latest publication..
It brought some real emotions. I've been downvoted by over half million SP (attack of few accounts), however I also received solid support and few strong upvotes and now I will be enjoying the biggest genuine payout in my lifetime ;)
Strong upvote on the way!
Yours
Piotr
Congratulations @flash07!
You raised your level and are now a Minnow!