Cardano (ADA) is a project that has been in constant development and evolution since its birth in 2017. It was created by Charles Hoskinson, one of the co-creators of Ethereum. Cardano is a cryptocurrency with a Blockchain network and is one of the few cryptocurrencies that work under the proof of stake system.
ADA was created with the aim of providing participants in the network the opportunity to help it evolve positively by adding improvements. Thanks to the participation system, ADA users are able to have a voice within the consensus. Despite being relatively new, Cardano has carved out a place for itself as one of the most important cryptocurrencies in recent years.
Can I buy Cardano on Coins?
No, at the moment Cardano (ADA) has not been included in our cryptocurrency portfolio, but it will be available very soon, along with other cryptocurrencies.
Is Cardano a stablecoin?
No. Cardano is a cryptocurrency created through a system called proof of stake or PoS. It is not tied to a physical asset or any digital asset through smart contracts; therefore, its price fluctuates, and it cannot be considered a stablecoin.
Does Cardano allow the creation of smart contracts?
Yes, the Cardano network allows the creation of complex smart contracts; therefore, it also allows the creation of decentralized applications.
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Of course! Today, cryptocurrencies are a very popular means of payment, especially on online stores. Not only can you buy things with cryptocurrencies through online purchases, but there are also more and more physical stores that accept crypto as a payment method.
This is because the creators of the project have promised interesting changes within the cryptocurrency paradigm, and little by little they have fulfilled these expectations. This has generated confidence in the community that supports this cryptocurrency.
Cardano (ADA) itself is a cryptocurrency since it has its blockchain network and works under issuance through a mining process called PoS, or proof of stake.
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