| CREATION DATE: | September 27, 2017 |
| DEVELOPMENT STAGE: | Goguen era |
| CURRENT SUPPLY: | 33 429 000 000 ADA |
| TOTAL SUPPLY: | 45 000 000 000 ADA |
| ALGORITHM: | PoS |
| PROOF TYPE: | Proof of Stake |
| TARGET SPACING: | n/a |
Cardano (ADA), one of the leading cryptocurrencies in the market, has joined our supported coins list. All merchants would be able to store, send, and receive crypto payments in ADA from now on.
ADA is the native cryptocurrency of Cardano, a proof-of-stake blockchain designed to be a flexible, sustainable, and scalable platform for running smart contracts. These programmable contracts allow developing a wide range of DeFi apps, new crypto tokens, games, and more innovations.
On the other hand, ADA tokens are considered digital currencies that can be used as a secure exchange of value. Any user worldwide can use ADA without requiring a third party to mediate the exchange. Every transaction made with ADA is permanently, securely, and transparently recorded on the Cardano blockchain.
Each holder also has a stake in the Cardano network by holding ADA tokens, which allows them to benefit by delegating their participation in a stake pool to earn rewards.
Over time, ADA will also be used for various applications and services on the Cardano platform yet to be discovered.
Cardano’s Chief Executive Officer Frederik Gregaard tells you more about the project’s mission and the next goals to achieve where ADA tokens will play a crucial role in the video below.
You can accept ADA payments easily from today with CoinPayments. Just visit coinpayments.net/register and sign up for your free Business account now.
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