What is Cardano (ADA)?
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Written by Ignat
Updated over a week ago

Cardano is an open-source decentralised third-generation blockchain created to facilitate peer-to-peer transactions. It's secured through an 'environmentally sustainable, verifiably secure' proof-of-stake protocol Ouroboros and beginning with its latest Alonzo upgrade supports a wide range of crypto applications, such as NFTs and smart contracts.

ADA holders can transfer coins almost instantly (ADA's throughput is 257 transactions per second) at low fees. They also earn staking rewards for participating in transaction validation, and unlike with most DeFi staking projects, staked assets can be removed at any time.

Cardano is one of the most actively developed blockchains. Its ultimate goal is to make the services that once belonged exclusively to the traditional financial space accessible through blockchain solutions.

Check out this article to choose the most convenient way to buy cryptocurrencies, including ADA.

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