What is Cardano? ADA 101: Introduction

ADA - The Native Token Of Cardano

The Cardano token was named after the 19th-century mathematician who was known as the “first computer programmer” and the daughter of the great poet Lord Byron – Ada “ADA” Lovelace.

Cardano is built by a decentralized community of engineers, scientists, and thought leaders united with a common purpose and that is to create a technology platform that will ignite the positive change the world needs.

Cardano began with a vision of a world without any intermediaries, in which power is controlled by the empowered many and not by an accountable few. In this world, people have control over their data and how they interact and transact with it. Businesses have the opportunity to grow independently out of monopolistic and bureaucratic power structures. Society is able to pursue true democracy with self-governing, fairness, and accountability, a world made possible by Cardano.

The Cardano Foundation

An independent standards body based in Switzerland with core responsibilities to oversee and supervise the development of Cardano and its ecosystem. The Cardano Foundation works to drive adoption, shape blockchain governance, set commercial standards, and support the community of Cardano users.

What can I do with ADA?

ADA is one of the digital currencies known. Any crypto user anywhere in the world can make use of ADA as a secure exchange of value, which does not obligate a third-party platform to moderate the exchange. All transaction is securely, transparently, and permanently recorded on the Cardano (ADA) blockchain. ADA is stored in a secured wallet that can be entrusted to a stake pool to earn rewards, engage in the successful running of the network, or undertake to a stake pool to increase the pool's likelihood of receiving rewards. Soon, ADA will also become a medium for a variety of applications and services dedicated on the Cardano platform.

How Do I Buy/Sell ADA?

A cryptocurrency wallet is a software program that is designed to keep your public and private keys. It also sends and receives digital currencies, monitor your balance, and work with other supported blockchains.

ADA can be stored using a Daedalus or Yoroi wallet, the primary wallets of the Cardano ecosystem - which are developed respectively by IOHK and EMURGO, or other third-party wallets and exchanges.

Technology

Cardano brings a new standard in technology with an open and inclusive and up to challenge the old and activate a new age of sustainable globally-distributed innovation.

Cardano is a blockchain platform built on the groundbreaking self-eating proof-of-stake consensus protocol, and developed using the Haskell programming language – a functional programming language that enables Cardano to pursue evidence-based development, for unparalleled security and stability.

Key Points

A future that serves the many as well as the few, and which empowers individuals, societies, and businesses to imagine and create new ways of transacting, interacting, creating, and governing. Cardano makes a platform built for a sustainable future, to help people work better together, trust one another, and build global solutions to global problems.