Generally, Cardano is one of the fastest growing stable coin assets. Since the last year, it has already been in the top 3 cryptocurrencies by capitalization twice. And if you are planning to create a crypto asset then explore the review to understand whether it is worth buying ADA.
About Cardano (ADA)
This whole platform is a collaboration between IOHK company and Charles Hoskinson, the former co-founder of BitShares, Ethereum, and Ethereum Classic. The project specializes in creating & processing smart contracts, decentralized apps, side chains, and multi-party (secure) computing. Today exchange Ripple to Cardano (or other currency to Cardano) is quite simple and is possible at various top rialtos.
A few key features of ADA:
- cryptocurrency is created using the Haskell programming language;
- the release of 45 billion tokens is already planned;
- the platform uses its own blockchain called the Cardano Settlement Layer (CSL).
Additionally, Cardano has a high transfer rate. This helps to escape the growth of commissions when it`s necessary to speed up the transaction.
ADA`s Advantages & Disadvantages
Key benefits of using ADA include:
- first-class security system Ouroboros;
- fast financial transactions and convenient work with digital assets;
- complete customer privacy and hard fork system.
The platform is still developing and improving — soon the transaction processing speed will become more than 257 per second. The essential drawback is the non-proliferation of tokens, so not all exchangers have Cardano coins. However, clients can still find this crypto on Jidex.
Why Exchange on Jidex?
If customers need to exchange some crypto or fiat currency to ADA, they can use Judex due to the pros of using this platform:
- low fees;
- simple verifications;
- fast deals;
- instant support service.
All client needs to do is to choose a currency pair, set the amount to exchange, send money to the platform wallet and wait for ADA to be credited to the account.
To crown it all, the tokens` price is quite resistant to inflation, and with the limited total turnover, the demand for them continues to grow. Due to the complete decentralization of the system, Cardano is considered highly secure. Also, customers are pleased with the excellent scalability. So, technical characteristics make ADA a unique token with good potential. It continues to be popular among many users who are interested in the cryptocurrency market in order to earn money.