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What is Cardano
Cardano is a third-generation decentralized blockchain that uses the Proof-of-Stake (PoS) consensus mechanism and is designed to be an alternative, more efficient solution to networks that use Proof-of-Work (PoW). Scalability, interoperability with other blockchains, and sustainability in PoW networks like Ethereum are limited by infrastructure as they have increasing costs, higher energy usage, and longer transaction delays. Cardano is also one of the largest cryptocurrencies by market cap.
Charles Hoskinson, co-founder of Ethereum that uses PoW, understood the implications of these blockchain limitations and began developing Cardano and its parent cryptocurrency, ADA, in 2015. The platform and ADA launched in 2017.
Cardano's platform runs on the consensus protocol called Ouroboros. Created by Cardano in its founding phase, Ouroboros is the first PoS protocol that was not only proven secure, but also the first to undergo academic research. Each phase or era of development in Cardano's roadmap is put into a research-based framework, incorporating evidence-based insights and user solutions in order to make the progress they want and achieve the milestones they have set for future directions. blockchain and ADA usage applications.
How to buy Cardano
To buy Cardano, you will need to open an account on one exchange office cryptocurrency supported by ADA. We will buy it from the Exchange bybit.
Then it will take you to the page to register, you will write it Email and code and you will press Get My Welcome Gifts and it will take you to the home page.
Bybit Exchange | Registration Guide & How It Works
You should be on the home page and you will click on it Shop and after Trading Spots.
You will then type in the search ADA and it will take you out ADA / USDT and you'll click on that to bring up the ADA chart.
Just press ADA / USDT it will take you to the ADA diagram and on the right you will press the option Buy after the class market and finally you put the money you want to buy the cryptocurrency and press the button Buy ADA.
Caradano (ADA) forecasts 2023 -2024
The shot I'd like to see for it cardano is to catch the $0.18 levels and then make a good move up, from there on, at this point I see a slope situation between the $0.23 to $0,40 levels. Now if I want to DCA the currency the points I would buy are the 0,25$ every time he touches them.
DISCLAIMER: Cryptocurrency trading is VERY dangerous. Make sure you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your money.
