MATIC price is currently grappling with a crucial resistance level, a breakdown of which could send it flying to a demand barrier that could trigger a reversal in the short-term downtrend. A 100% upswing to $1.727 is on the cards for Polygon.
Cryptocurrency investors in the United States would be exposed to stricter rules as the Senate aims to collect more taxes. Digital asset businesses would be required to report crypto transactions of over $10,000.
A mutual fund company has launched the first Bitcoin Strategy mutual fund. This move comes at a time when the US SEC has delayed multiple decisions on Bitcoin ETFs. ProFund aims to allow individual investors to gain ...
Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.
According to the Cardano Foundation, Cardano’s native token, ADA, is a digital currency. Any user, located anywhere in the world, can use ADA as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano blockchain. Learn more in our Cardano Guide.
Every ADA holder also holds a stake in the Cardano network. ADA stored in a wallet can be delegated to a stake pool to earn rewards – to participate in the successful running of the network – or pledged to a stake pool to increase the pool's likelihood of receiving rewards.
In time, ADA will also be usable for a variety of applications and services running on the Cardano protocol.
Characteristics of Cardano
Cardano was created as an alternative to Ethereum, with the mission of creating a platform that can process more transactions at a low cost.
It is the first peer-reviewed decentralized blockchain protocol that uses a scientific approach.
Cardano blockchain allows users to build smart contracts, create decentralized applications and protocols, and instantly send and receive funds with minimal fees.
ADA holders use their coins to vote for changes or improvements on the protocol, taking part in its development.
Differences between Bitcoin and Cardano
Cardano combines Ethereum and Bitcoin features. It also has other features inherent to third-generation blockchains.
ADA approach is unique based on peer-reviewed scientific evidence to ensure its security.
As a smart contract platform, Cardano provides safety and scalability through its unique two-layered architecture.