About Cardano

Cardano is a blockchain platform that offers a more balanced and sustainable ecosystem for cryptocurrencies. It was founded by Charles Hoskinson, one of the co-founders of Ethereum, and was launched in September 2017. ADA is Cardano's native cryptocurrency and it is the first blockchain project founded on peer-reviewed research and developed through evidence-based methods. It uses advanced technologies for unparalleled security and sustainability to decentralized applications, systems, and societies. Read more about Cardano's Ada.

You can use ADA for various purposes such as participating in network governance, handling smart contracts, making transactions, paying for services on the platform, and staking to participate in the network consensus mechanism. It is unique due to its scientific philosophy and research-driven approach.

What is the total supply of ADA?

The total supply of ADA is capped at 45 billion.

What is Ouroboros?

Cardano blockchain's proof-of-stake (PoS) consensus mechanism is called Ouroboros. It is very secure, efficient, and environmentally sustainable.

What are the layers of Cardano’s architecture?

Cardano’s architecture is divided into two layers. One is the Cardano Settlement Layer (CSL) for transactions and the other is the Cardano Computation Layer (CCL) for smart contracts.

What is staking in Cardano?

Staking in Cardano involves delegating your ADA to a stake pool to help secure the network and validate transactions. In return, stakers earn rewards in the form of additional ADA.

How does Cardano assure of security?

Cardano makes sure of security through its layered architecture, formal verification, peer-reviewed research, and the Ouroboros consensus protocol.

Is Cardano environmentally friendly?

Yes, Cardano is environmentally friendly because its proof-of-stake consensus mechanism is more energy-efficient compared to other proof-of-work systems.

How does Cardano support interoperability?

Cardano supports interoperability with other blockchains and legacy systems through sidechains and cross-chain communication protocols. It allows a seamless exchange of assets and data.

What is Project Catalyst?

Project Catalyst is Cardano's on-chain governance mechanism. It allows ADA holders to propose and vote on projects and improvements for the ecosystem.

Where can I buy and store ADA?

You can buy ADA from cryptocurrency exchanges or DEXs. In Canada, you can also buy ADA from crypto ATMs as they are available in every major city.