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CoinWind Academy Series: 3 Minutes to Know $ADA

Stake $ADA on CoinWind! Make your $ADA work harder for you with our astronomical APY!

With the everchanging nature of the crypto world, we have evolved at an astronomical rate since blockchain technology appeared back in 2008. The rules of the game are changing every single day, with new cryptocurrencies emerging that are often accompanied by innovations and technological advances.

We’ve come a long way since Gen 1.0 when Bitcoin introduced decentralization and the benefits that come with it. Ethereum then emerged as Gen 2.0 where improvements were made with the use of smart contracts. Today, with Gen 3.0, Cardano has an innovative proposal that seeks to further improve on the success of our predecessors, while keeping up with developments seen in the crypto space.

WHAT IS CARDANO?

Cardano is a Gen 3.0 proof-of-stake (PoS) blockchain platform, which runs on the Ouroboros protocol making it the first peer-reviewed, verifiably secure blockchain protocol. Cardano’s CEO and co-creator of Ethereum, Charles Hoskinson, seeks to solve three main problems that cryptocurrencies face: Scalability, Interoperability, and Sustainability.

WHAT DOES CARDANO SOLVE?

Scalability: Cardano ensures that the network will speed up as more users are using the system with the use of epochs.
Interoperability: Actively works on interoperability solutions, to act as a bridge for Cardano and other cryptocurrencies on other blockchains.
Sustainability: Ensures consistent development by having a treasury that distributes collected fees to contributors on the network.

WHAT IS $ADA TOKEN

ADA is the native token of Cardano that was launched in 2017, with a fixed supply of 45 billion. Similar to BTC, it is deflationary in nature and has a halving cycle, which could potentially cause ADA to appreciate in the long run.

$ADA TOKEN USE CASES

Cardano is a fully open-source project that solves issues across multiple industries, giving rise to a wide range of use cases.

  • The $ADA token can be used as a voting tool where token holders have a say within the ecosystem, with matters regarding changes and developments.
  • While Cardano aims to develop Defi use cases, token holders can stake their $ADA to earn rewards.

WHERE TO BUY $ADA

  1. Kraken: https://www.kraken.com/prices/ada-cardano-price-chart/usd-us-dollar?interval=1m
  2. Gemini: https://www.gemini.com/prices/cardano
  3. Binance: https://www.binance.com/en/trade/ADA_USDT?type=spot
  4. Huobi: https://www.huobi.com/en-us/exchange/ada_usdt
  5. OKY: https://www.okx.com/markets/spot-info/ada-usdt

SOCIAL MEDIA LINKS

Stake $ADA on CoinWind! Make your $ADA work harder for you with our astronomical APY https://www.coinwind.pro/staking

· CoinWind Website (Start Mining)

· CoinWind Twitter and Telegram Channel (For the latest news)

· CoinWind Telegram Community

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