Skip to main content

[Buy Cryptocurrency] IS CARDANO COIN LEGIT?[Cardano ada Coin]

cardano ada coin

                                 [CARDANO COIN]

As the name suggests, Cardano is a technology platform that runs a cryptocurrency named ADA.Cardano platform is developed by Input-Output Hong Kong (IOHK) blockchain development firm.Mr. Charles Hoskinson, former co-founder of Bitshares and Ethereum is the CEO of the firm.Can you guess the official cryptocurrency wallet for ADA? I hope quite a few will have the answer.Yes ! you are right it's Daedalus.

Let's Begin...

                                          [What is CARDANO COIN?]

A project started in 2015 named Cardano and the motive behind this project was to give a completely new makeover to the cryptocurrency world i,e to change the way cryptocurrency is designed and developed.The Cardano ADA coin was initially based the three principles.
  1. Avenue for exploration.
  2. Engineering best practices.
  3. Design principles.
The above principles can be further sub-divided as follows.

  • Accounting and Computation separation into different layers.
  • For future use, developing a decentralized funding mechanism.
  • A practical learning scope from nearly 1000 altcoins.
  • Understanding the need for multiple assets in the same ledger.
  • A long-term strategic move to improve the design of cryptocurrency and make it more secured, user-friendly and mobile responsive.
To make the above discussion simpler we can say that Cardano ADA coin is to some extent similar to Ethereum and the focus is to achieve high-level security through a layered architecture.

Mr. Charles Hoskinson has asked his team to develop the ADA coin, keeping in mind the interest of end-users, stakeholders, and regulators.
The platform uses a programming language named Haskell which has a high degree of fault tolerance.Keeping in mind the uncertain future of cryptocurrency and high complexity of blockchain,
ADA coin developers are trying to bring some flexibility to make it more receptive to the changing environment.It's really very difficult to predict how the system will shape in the future and to minimize the error, Haskell, a programming language is being used.

cardano coin

 We all are aware that the implementation of banking system especially in the developing world is too expensive.Cardano ada coin is working with a motive to bring in place the banking system using blockchain technology.

The best part is Cardano ada coin has its own block explorer tool which helps in keeping track of the transaction that has taken place on cardano blockchain.
All the ada coin transactions are publicly recorded on the blockchain.Anyone can find the amount of ada coin transaction, sender's public address, date and time of the transaction.

                                                              [What is Cardano testnet?]

As the name suggests Cardano testnet is a test network where developers are doing testing using various possible cases before the launch of Cardano network.

                                                        [What is Cardano block explorer?]

The Cardano block explorer is used to check the transaction on the testnet as well as the Cardano network,
Check the video to understand Cardano block explorer.

Before moving further, I would recommend you to read articles in case you want to earn without investing a single dollar in cryptocurrency.

According to my understanding of cryptocurrency affiliate program, I will definitely recommend Binance Affiliate Program.There is no limit to earning.

cardano ada coin blockchain explorer

I have placed a screenshot of ADA coin transaction for your better understanding.

                                  [How does Cardano Coin work?]

To understand how Cardano works we will have to first understand the layers involved.

[Cardano Settlement Layer(CSL)]

CSL is the first layer of the Cardano coin aka ADA coin platform and acts as a balance layer.The work of this layer is to generate new blocks and confirm transaction using proof-of-stake consensus algorithm.
CSL consists of two sets of scripting languages.The first set is used to move value and the next to enhance security support.The sidechains are used to link to other ledgers.This layer also uses multiple signatures including quantum resistant signatures.The layer is also responsible for the scalability as more number of users join the network.

[Cardano Computation Layer (CCL)] 

This layer consists of the information regarding the reason for the transaction.This layer is the second layer and consists of the answer to the query "why the transaction happened?".The CCL support
Solidarity.CCL gives its user to create a different set of rules while evaluating the transaction and it is possible only because the CCL is detached from the CSL.

                                                        [What is Plutus?]

Plutus is a new programming language being developed by the Cardano team.This language will be used to develop smart contracts on CCL.Cardano will help its developer by providing a Plutus code library.The team of Cardano ADA coin is also developing some unique tools to do the testing of these codes.

                                                      [What is KMZ?]

KMZ is abbreviated as Kiayias, Miller, and Zindros.Actually, KMZ is a protocol developed to support the blockchain of Cardano coin.It involves proof-of-work.It allows the fund to move from CSL to any CCL which also uses the protocol.

                                        [cardano coin wallet]

Before we discuss Daedalus, Please go through the detailed article on cryptocurrency wallet.
So coming back to Daedalus, It is an open source wallet created for Cardano ADA coin aka Cardano coin wallet and the Cardano team is working hard to expand its functionality.

I am assuming that the Daedalus wallet will be converted to multi-currency wallet over a period of time.
cardano coin wallet

Download Daedalus App
Download Daedalus Wallet
Frequently asked question on Cardano coin wallet

Currently, this wallet is only available on the web.I hope over a period of time you can find android and ios app.Normally, the first-time installation will few hours.Soon, you can find Ledger Nano S integration with ADA.

                                              [Ouroboros Proof of Stake]

Cardano coin prefers proof-of-stake over proof-of-work.The process is very simple.The slot leaders are responsible for generating new blocks for the blockchain and verify the transaction.Anyone who holds ada coin can become slot leaders.

                                               [Insight from CoinMarketCap]

cardano coin ada price

In the above graph, the orange line is for Bitcoin and the green one for Cardano coin.The variation over a period of time is almost overlapped.We can for a while conclude that the price variation of Cardano ada coin is directly proportional to Bitcoin.

One of the important learning from the graph is the slope of variation.The ada coin doesn't have a pump and dumps attributes.To some extent the rate of variation is constant and it's a sign of stable cryptocurrency.You can buy cryptocurrency which has a stable rate of variation.

                                          [Where to buy CARDANO coin?]

#Step 1:-Signup for Coinbase and buy Bitcoin.

Simply go to CoinBase and Login.In case you haven't registered then register for CoinBase and verify your account.

Register using this link on CoinBase and Earn $10 for each referral 

After verifying your account, you need to provide your account details via which you want to buy Bitcoin.

Now, Go to
Choose your payment method carefully and mention how much Bitcoin you want to buy and then Click buy Bitcoin.
buy cardano coin using bitcoin

#Step 2-Sign up for Binance

Log in to Binance and in case you are new to Binance then sign up for  Binance and verify your account.

In case you are interested to earn without investing any money in cryptocurrency then Register For Binance Affiliate.

#Step 3- Send your Bitcoin from CoinBase to Binance 

where to buy cardano coin using fiat money
  • Login to Binance account.
  • Go to Funds drop down and click on balances.
  • Go to the next page and find the Bitcoin deposit address and click the deposit button.
buy cardano ada cryptocurrency

cardano coin wallet

  • Paste your BTC address in "enter a BTC address".
cardano coin wallet using Bitcoin

  • Enter the amount that you want to send to Binance.
  • It will take around 300 seconds for the transaction to appear in Binance and a maximum of thirty minutes to be fully confirmed.
#Step 4:Exchange your Bitcoin for Cardano ADA coin

buy cardano ada coin using bitcoin

  • Click Buy ADA.
  • To check for the newly bought ADA coin, Go back to Binance dashboard and check for the balance.
check ada coin balance

You can replicate the same process for buying Cardano ADA coin using Ethereum.

Conclusion: I hope you would have liked this post on Cardano.Please share this article on social media.Your share really motivates us to come up with yet another superlative article.


Popular posts from this blog

[JioCoin]-All you need to know about India's first cryptocurrency

Entire world is going through cryptocurrency fever.Already the developed countries like USA,Canada,UK,France etc are totally in grip of cryptocurrency maniac.Today I will be talking about India.Lots of Indian have not only bought cryptocurrency like Bitcoin but made loads of money.Guys you will be surprised to see how India has evolved as a tech-savvy country after launch of Reliance Jio "Internet Data Pack".More and more people are using these data available at minimal price.If you are a person who is watching regularly videos on youtube then I hope you would have sure experienced the heat and power of Reliance Jio .Suddenly you can find lots of youtubers in the market .Anyone and everyone is trying to make videos.Due to massive increase in youtube creators YouTube has set new rules.Now to get your videos monetize on youtube you need to have an addition of 1000 subscriber and 4000 watch hours on yearly basis.Doesn't it sounds crazy?Of course it is.The world is be…

[Betchain Affiliate]-Things you missed about bitcoin casino industry[Buy Cryptocurrency]

Betchain AffiliateHighlights:-

Introduction to Betchain.Betchain Working Methodology.Betchain Affiliates.
We also know about online casino industry and it's really interesting and nerve-wracking experience.Gambling world is very addictive and once we are in then it's really difficult to come out.More and more guys are making there living out of gambling.Poker is the best example.So either you play for fun or for making your living, in both the cases you are going to be superlative addicted.Correct me if I am wrong.

Let's go back to the history of online gambling to understand it better.Free Trade and processing act passed in 1994 gave license to open online casinos. Establishment of Kahnawake Gambling commission not only regulated online gambling activities but also issued a licence to many online casinos and pokers across the globe.It was a step to inculcate high standards.During late 90's madness of people reach a next level whi…


BINANCE Affiliate Program
It's really great to discuss about any cryptocurrency exchange and today we will be discussing about BINANCE in details.In fact this article will tell about A-Z of BINANCE cryptocurrency exchange.So Folk let's begin.

Introduction to BINANCEProcedure followed to register for BINANCEBest practices to use BINANCEBINANCE Affiliate programInstallation of Binance app on iOS.Binance Affiliate Link

BINANCEBINANCE is a Chinese cryptocurrency exchange. Binance transaction has reached a new level and currently score tenth place in the world.The best part in Binance is that we don't need identity confirmation in case the per day remittance is within limit of 2 BTC.Henceforth, the attractiveness and popularity of Binance increases across the globe.
Before moving to the next level of talks let's complete the procedure of registration for Binance.


In the above screenshot you can see the Binance login page.Here you need to fill the details and…

[2018] what is cryptocurrency?

what is cryptocurrency?

Thank you so much friends for such an overwhelming response for last few articles.As per your mails and sms I am taking today cryptocurrency for discussion.This article about cryptocurrency will be bit longer as compared to my previous ones.I have already written an article about Binance , chinese crypto currency exchange.Let's unfold the secrets of cryptocurrency.
Highlights: Definition of Cryptocurrency.Cryptocurrency List.Cryptocurrency Exchange.Cryptocurrency Market Capitalization.Cryptocurrency Mining.
What is Cryptocurrency? Cryptocurrency is a digital asset which is designed to work as a medium of exchange.Cryptocurrency uses the concept of cryptography to perform below functions.To secure its transaction.To control the creation of addition units.To verify the transfer of assets. A Cryptocurrencyis stored electronically in blockchains and has no physical presence.You can't redeem cryptocurrency in any other commodity like gold,silver etc.The network…

[#10]Best Cryptocurrency to invest in 2018

Best Cryptocurrency to invest in 2018

2017 will be known for the rise of digital currency and as we know "Bitcoin" is the mother of all cryptocurrency.Year 2018 has not started of well and cryptocurrency market is not showing healthy signs.As I am writing this article Bitcoin is still on decline.A havoc is created among the mental stability of bitcoin or altcoin traders or investors.Some are saying that bitcoin will never bounce back while others are still positive .So the questions are never-ending and the first and foremost among them is "Should we invest in cryptocurrency"? I would love to answer it before moving further and my answer is Definitely YES.But you should know the proper way to invest in cryptocurrency.I would say first understand the basic of cryptocurrency.If you know the reason of origination and existence of any cryptocurrency then it will be easy to take decision.Trust none but your decision.Incase you are unaware about cryptocurrency and other…

Waltonchain | Things you must know before you start trading in Waltonchain

Hey Guys, Let's talk about Waltochain. I am really excited about this new entrant.

Highlights: Waltonchain Introduction.How Waltonchain Works?An Introduction To Waltonchain Team.Waltonchain MarketCap.How To Buy Waltonchain Cryptocurrency?Waltonchain Wallets.Waltonchain Roadmap.Waltonchain Official Resource.

[Waltonchain Introduction]

Waltonchain is essentially doing something disparate, combining blockchain with IOT(specifically RFID). The purpose of doing so is to create a management system for the supply chain. Logistic eco-system itself is distinctly complex and the sub-system itself has loads of data to depend upon. Each vertical under the logistic eco-system is so complex that to co-relate and understand the process of individual entities is definitely time-consuming. Nevertheless, RFID has proved to be a long-lasting solution in the logistics space.
The project Waltochain is named after Charlie Walton, the inventor of RFID technology. Though the project was officially …

[Ripple XRP] All you need to know about second largest cryptocurrency

[Timeline of Ripple Cryptocurrency]In 2004 Ripplepay was developed by Ryan Fugger.A currency system was developed by Jed McCaleb in which the transactions were verified by consensus among members of network rather than by mining process followed by Bitcoin and the month was May 2011.Chris Larsen was hired by Jed McCaleb in August 2012 and they started working on the digital currency idea.OpenCoin was founded by Chris Larsen and Jed McCaleb in September 2012.OpenCoin closed it's angel round of funding on April 11,2013.OpenCoin announced that it had closed the second round of angel funding on May 14,2013.Jed McCaleb separated from active employment with Ripple in July 2013.OpenCoin officially changed it's name to Ripple Labs,Inc on September 26, 2013.US $700,000 penalty was charged to Ripple on May 5, 2015 by US Treasury's Financial Crimes Enforcement Network for wilful violation of the Bank Secrecy Act.Rebranding from Ripple Labs to Ripple took place o…

[CoinSpot] Is CoinSpot Legit? [CoinSpot Affiliate]

[Is CoinSpot Legit?]WOW! I simply can't believe the kind of response you have given to my last article on Cardano ADA. Trust me guys this kind of support really gives you support and motivates you to come up with yet another superlative article.Today we will be discussing CoinSpot in the way never done before.
Download CoinSpot Wallet
Before we discuss in depth about this Australian cryptocurrency exchange, don't forget to read the detailed article on Binance which is also the world's fastest-growing cryptocurrency exchange.                                                      [What is CoinSpot?]Multi Cryptocurrency Wallet.Built-in Trading Features.Validation is Centralized.Security is Third Party.Anonymity is Medium.User-Friendly Wallet.CoinSpot is an Australian exchange founded in 2013.The long-term strategy of CoinSpot is to develop and support cryptocurrency community and thus lay the foundation of the digital currency ecosystem.We al…

[Zebpay Referral Program]Best wallet for BITCOIN[Zebpay Affiliate]

Zebpay Affiliate

Zebpay is India's most trusted wallet which can be used for buying and selling bitcoin.We all know that bitcoin has taken the internet by storm and recently the price has reached rocket high.I hope all my readers have a fair idea about bitcoin and in case you want to know about bitcoin then please comment so that I will prepare an article on bitcoin.
So let's discuss step by step about Zebpay
Zebpay Referral Program: Step 1Zebpay is a mobile app which you can download from Playstore. This App is used as a wallet for the purchasing and selling of bitcoin.First and foremost thing after downloading the app is to register in the app.Link :Zebpay Download
Zebpay Referral Program: Step 2After registering you have to verify your phone number.A code will be sent to your phone for verification.

Once the code is verified you have to verify your personal and bank credentials to be eligible to start using Zebpay App.On successfully verifying your numb…