Cardano:Basics
Cardano is a decentralized, blockchain based system, powered by the ADA coin, the cryptocurrency which runs on the Cardano platform. Much like Ethereum, it is a smart contract-based system and can be used to run Decentralized Apps (called DApps). But Cardano is a layered system; i.e.
It has a separate layer which runs ADA exchange, and
A separate one which runs the Smart Contracts.
Cardano claims to be the first cryptocurrency which runs on a scientific peer review, which ensures its safety.
You can easily buy and sell Cardano at the best rates from CoinSwitch.
Coinswitch is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through the global exchanges like KuCoin, IDEX, Changelly, Bittrex, Cryptopia, ChangeNow and Changer without creating an account on them.
How is Cardano different?
Cardano is termed as the third generation cryptocoin, with Bitcoin and Ethereum being the first and second respectively.
While it is similar to Ethereum in concept, it comprises several layers, which are used to separate its various functions.
Bitcoin-like peer-to-peer transactions are comprised in one layer, whereas Smart Contract execution is in another. The Smart Contract system of Cardano could very well be faster and smoother.
*Market is experiencing volatile conditions. So invest only that money which you are willing to take risk from.