The leading “pure-digital” payment network, Flexa, officially announced the launch of their support for real tokens from the Cardano network or ADA on Friday, December 17th, 2021. To find out the price of Cardano, you can read the following review.
Currently, ADA is available for payments at more than 40,000 locations in the United States.
About Cardano—Cardano Pricing
Cardano is a blockchain that uses proof-of-stake (PoS) technology and the third generation of cryptocurrency, following behind Bitcoin (BTC) and Ethereum (ETH).
Known as the third generation because Cardano has one of the most environmentally friendly and more secure blockchain networks. Cardano itself has a smart contract feature that just became active in September 2021, just like Ethereum.
The uniqueness of Cardano, one of which is that the maker took a peer-reviewed approach to developing this product. It means, every change and new feature that is developed will go through a review process by academics and experts before being implemented.
ADA is a crypto asset on the Cardano operations network. ADA had a market capitalization of $71 Billion since last October 2021, thus, making this token the 4th largest crypto asset in the world.
The maximum supply is 45 Billion ADA. Citing Coinmarketcap, approximately 33 Billion of these tokens have been circulating in the market.
How It Works—Cardano Pricing
In fact, Unlike bitcoin, Cardano coins are not mined, ADA coins are replaced by validators chosen by the network, depends on the number of ADA assets held.
Besides, there is also Ouroboros, the algorithm that runs the token network’s proof-of-stake system. Ouroboros is the first blockchain protocol created by peer-reviewed research or research processes reviewed by academics. This algorithm is used by the Cardano network to secure, validate transactions, and create a new ADA.
The Reason Behind the Importance of ADA
According to analysts, Cardano can push the transition of various crypto assets into a low-emission and sustainable. The reason is:
The most environmentally friendly crypto asset
Cardano is the most environmentally friendly crypto asset compared to Bitcoin and Ethereum. The reason is, the electricity usage per year from Cardano is known to be much lower.
This is because Cardano uses a PoS system to verify transactions, which also maintains energy use by limiting the number of computers that can verify at one time.
Due to this, it is more efficient than Bitcoin and Ethereum 1.0’s Proof-of-Work (PoW) systems which do not limit the number of verifiers.
Made based on research and scientific approach
Cardano is one of the innovative inventions in the crypto world. It is because, only this token applies a scientific approach in order to ensure that all changes and features it has have functions that are in accordance with their goals.
Cardano developed from a research project on blockchain and cryptocurrencies. The scientific approach taken by the Cardano foundation as the organization that regulates and oversees the development of Cardano is through a series of tests and reviews conducted by experts in their respective fields.
Uses of ADA Coins
There are several uses of the ADA coin, one of which is for investment. As a choice of investment instrument, Currently, ADA is in the top 10 crypto assets in the world by market capitalization with a value of $66.6 Billion. Since its launch in 2017, ADA has consistently been in the top 10 rankings.
Becoming one of the promising Altcoin, the ADA coin has also got the trust from investors in the crypto world so the prospects can be maintained.
How To Buy Cardano
You can see the price of Cardano (ADA) and buy it at Indodax. click here. The guidelines are as follows:
- For those of you who aren’t registered as a member, click here to register
- Make a deposit. For those of you who are confused about how to deposit, click here
- After deposit and balance successfully filled, you can return to the Indodax’s Market
- Search for ADA in the Rupiah market, then click
- After logging in, all you have to do is buy by filling in your balance and at what price you want to buy ADA. You can also buy it instantly or directly at the current price
- Furthermore, you just need to patiently wait for the price to increase for some time
- After the price increases, you can sell at a higher price with the instant method
- If you sell with the limit method, you can place orders after buying. Make sure you enter a higher number when selling it.