Cardano is one of the top cryptocurrency projects that made it into Conmarketcap’s list of best crypto assets. It is a decentralized blockchain based on the Proof-of-Stake (PoS) consensus protocol. This mechanism is an excellent alternative to the Proof-of-Work protocol, which means that coins are obtained through mining; PoS requires no mining equipment or electricity costs, no technical maintenance by the miner and does not harm the environment. Since no expensive mining equipment is needed, the PoS mechanism can be used by anyone.
Cardano first appeared in the crypto currency market in 2017. Cardano ADA is the native Cardano coin, and the current ADA crypto price is $0.40 (November 2022).
What should I know about Cardano?
The main features of Cardano are:
- It is possible to stake these coins. Holding crypto assets in a staking pool is a passive income-generating option. Users can join a pool and receive rewards for locking their ADA coins; the size of bonuses depends on the locking period.
- Platform users can create smart contracts, decentralized applications and NFTs on top of the Cardano blockchain.
- Cardano is a scalable network.
Cardano Crypto Price Prediction
ADA’s prospects are pretty optimistic. Experts expect ADA’s value to increase by 16.7% by the end of 2022. The project will drive the scaling and optimisation of the cryptocurrency industry. In the final phase of development, Cardano intends to implement system improvements for the operation of the platform and the management processes on the blockchain.
The current ADA crypto price can be found on the WhiteBIT cryptocurrency exchange. The platform offers convenient trading tools, more than 400 cryptocurrency pairs, a high level of user protection and low transaction fees. You can buy Cardano ADA with real money using your bank card on the WhiteBIT platform. There is a convenient mobile application and wallet for efficient and suitable daily trading and staking.