ADA icon
ADA
Cardano
$0.00000000AUD
All
1W
1M
1Y

Cardano (ADA)

24h

+0.00%

7d

-0.00%

1m

-0.00%

What is Cardano (ADA)?

Cardano is a proof of stake (PoS) blockchain platform. It’s one of many platforms like Ethereum or Solana that support smart contracts and decentralized application (dApp) development. However, Cardano has a different approach than its competitors. It emphasizes a research-driven, scientific-study-based approach to platform growth.

 

Cardano aims to develop the next generation of blockchain technology and solve Bitcoin’s and Ethereum’s efficiency and scalability problems. To date, Cardano is one of the most prominent blockchains to implement the proof of stake consensus mechanism successfully.

 

What is ADA used for?

 

ADA is the native token on Cardano’s network. Token holders can use ADA to make transactions or stake it to earn rewards. Users can delegate their tokens to staking pools directly from their wallets, without the funds ever leaving. Rewards are distributed every epoch, which occurs every five days.

 

How do I buy ADA?

 

It’s easy to buy Cardano in Australia by joining a trusted trading platform like Coinstash. Simply create your account and verify your personal details. Then, deposit some funds and purchase ADA. It’s as simple as that!

 

Learn how to sell Cardano.

 

Why should I trade Cardano with Coinstash?

 

Coinstash AU is one of the highest-rated crypto platforms in Australia. Since 2017, we’ve been a one-stop crypto solution for thousands of customers.

 

People love our great customer support, easy-to-use interface, industry-leading security, and other innovative features. We’re also an AUSTRAC registered exchange and have an AFSL license so that you can trade with confidence.

 

Ready to start trading Cardano (ADA)? Create your Coinstash account in minutes!


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