What is cardano (ADA)? Origin of ADA
Cardano (ADA), a prominent cryptocurrency, traces its roots to a research-driven approach. Founded by Charles Hoskinson, one of Ethereum’s co-founders, Cardano was developed as a response to the limitations of existing blockchain networks. The blog explores how to buy Cardano (ADA) in India using the Bitcoiva Platform, the Best Crypto Trading Platform in India.
Launched in 2017 by Input Output Hong Kong (IOHK), Cardano aimed to create a more secure, scalable, and sustainable blockchain platform. It drew inspiration from rigorous academic research, combining peer-reviewed, evidence-based methods with a commitment to open-source principles.
Cardano’s development is guided by a layered architecture, which separates its settlement layer (ADA transactions) from the computation layer (smart contracts). This separation enhances security and scalability while allowing for seamless upgrades and improvements.
The project’s commitment to a global community-driven approach sets it apart. With a focus on inclusivity, Cardano seeks to bring financial services to the unbanked and underserved populations worldwide.
The ADA cryptocurrency, integral to the Cardano ecosystem, powers transactions, governance, and staking. Unlike Bitcoin’s energy-intensive Proof-of-Work, its unique Proof-of-Stake consensus mechanism, Ouroboros, is energy-efficient and environmentally friendly.
Cardano’s journey from inception to its current status as a leading blockchain project reflects a dedication to innovation, research, and sustainability, making it an exciting and promising cryptocurrency for the future.
Invest in Cardano (ADA) and join the revolution in blockchain technology. Stay tuned for updates on this dynamic project’s growth and impact on the world of cryptocurrencies.
Cardano Price Today
Create an Account on Bitcoiva
There are two ways to create an account on Bitcoiva, the Indian Crypto Exchange App.
- Register using the
- Bitcoiva App
Update your Identities and verify your KYC; it may take 2 to 3 days. Your INR deposits can be made using a Bank transfer.
Deposit Fiat Currency In Your Bitcoiva Wallet
Before you buy ADA on Bitcoiva, ensure that you have a minimum balance of INR 100 in your Bitcoiva wallet.
Buy ADA Via Bitcoiva
Login with your registered email with the Bitcoiva app or website
- Click on the Menu icon and select Exchange.
- Select ADA
- Enter the INR amount you would like to buy
- The quantity of ADA/INR that you can purchase will be displayed.
- Check all the order details.
- Click on Place Buy Order
- You can receive a message that your order has been placed successfully.
Convert ADA to INR
You can convert ADA to INR with Bicoiva Converter. Using the crypto calculator in Bitcoiva, you can calculate the equivalent value of INR for ADA.
Cardano (ADA) is not just a cryptocurrency; it’s a robust blockchain platform with many use cases and innovative features. Let’s delve into why ADA stands out in the crypto space.
1. Smart Contracts & DApps: Cardano’s blockchain supports smart contracts and decentralized applications (DApps). It allows developers to create various applications, from DeFi platforms to NFT marketplaces, focusing on security and scalability.
2. Scalability: ADA utilizes a layered architecture, separating the settlement and computation layers. This unique design allows for increased scalability, making it more efficient and capable of handling a high volume of transactions.
3. Sustainability: Unlike energy-intensive Proof-of-Work blockchains like Bitcoin, Cardano employs a Proof-of-Stake (PoS) consensus mechanism called Ouroboros. PoS is environmentally friendly and energy-efficient, contributing to a more sustainable blockchain ecosystem.
4. Interoperability: Cardano is designed to be compatible with other blockchains and legacy financial systems. Its goal is to bridge the gap between traditional finance and the decentralized world, enabling seamless value transfer and information sharing.
5. Governance: ADA holders can actively participate in network governance. They have a say in protocol upgrades, making Cardano a decentralized and community-driven project.
6. Financial Inclusion: Cardano’s mission includes bringing financial services to the unbanked and underserved populations globally. Its robust infrastructure and low transaction fees make it an ideal candidate for financial inclusion initiatives.
7. Research-Driven Approach: Cardano strongly emphasizes academic research and peer review. This commitment to evidence-based methods ensures the platform’s security, reliability, and continuous improvement.
8. Cross-Chain Compatibility: Cardano is working on solutions for cross-chain compatibility, allowing assets to move seamlessly between different blockchain networks, further enhancing utility.
9. Staking Rewards: ADA holders can stake their tokens to secure the network and earn rewards. This feature incentivizes participation and contributes to the network’s overall security.
10. Educational Initiatives: Cardano is invested in educating users about blockchain technology. Through partnerships and initiatives, it seeks to increase awareness and adoption.
In conclusion, Cardano (ADA) is a versatile blockchain platform with a strong focus on security, scalability, sustainability, and community involvement. Its wide range of use cases and innovative features make it a clear choice for developers, investors, and those looking to explore the full potential of blockchain technology.
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