Currently, there are lots of modern investment methods that you can do. Investing in stocks, mutual funds, and deposits, Cryptocurrency is the best investment choice with minimal risk. In this millennial era, investing in digital currency has become very popular.
Most people when they hear cryptocurrencies will refer to Bitcoin. Even though there are many other types of digital currency besides Bitcoin. Indeed Bitcoin is the most popular digital currency, but now you can start to get to know Cardano.
Cardano is no less cool than Bitcoin. Even Cardano is present as a Bitcoin competitor and several other Crypto. There are several advantages that Cardano has that other cryptocurrencies don’t have.
Before you start investing in Cardano, we summarize the following for you.
What is Cardano?
Cardano is one of the digital currencies that has successfully emerged as a competitor to Cryptocurrency which is already well-known and has a big name. Cardano emerged as a blockchain project that has a goal, namely proof of stake (PoS).
Proof of Stake (PoS) is a term from the concept when investing using crypto. This means that when someone invests, he can save the crypto asset transactions that they have. So, when you have a lot of Cardano then you have higher bargaining power in crypto investment.
Cardano is also referred to as the crypto blockchain of the third generation. Cardano can go beyond the first generation of blockchains i.e. Bitcoin and Ethereum. As the third generation, Cardano was considered successful in just a short time.
Here are some solutions to the first and second-generation blockchain problems that Cardano has successfully overcome:
- Cardano can operate with scalability and can expand the network.
- Cardano can make two systems even more so that they have the ability to exchange information more quickly and safely.
- Cardano also has better sustainability than the previous two generations.
The History of Cardano
Cardano is one of the cryptos that has been around for the past few years, and it’s not even old enough compared to Bitcoin and Ethereum. Present at the end of 2015, Cardano is also known as the ADA token symbol.
The person who created Cardano is Charles Hoskinson, who is one of the creators of Ethereum. Charles Hoskinson is quite popular in the field of mathematics, but he is also interested in entrepreneurship.
Therefore, he tries to unite his mathematics and business thinking, moreover, he has succeeded in the Ethereum project which is also considered very successful. Starting from here, finally, Cardano was formed.
Charles Hoskinson who was involved in the creation of Ethereum also learned a lot while creating Cardano. He strives to perfect Cardano so that it doesn’t have the same mistakes as Ethereum. This is what made Cardano succeed in becoming a cryptocurrency with a blockchain in the third generation.
How Does Cardano Work?
As we know, Cardano is the best version of the third-generation blockchain which perfects the previous two blockchain generations. Surely the way it works will be more secure and sophisticated. This is also supported by the existence of two layers on Cardano.
These two layers are the Cardano Settlement Layer and the Control layer. Here’s the explanation:
- Cardano Settlement Layer
This feature has a role as the first layer that you can use to manage all Cardano transactions. So when there is a Cardano transaction, this feature will automatically respond because of the first part of Cardano.
- Control Layers
This feature has a role that is no less important, namely ensuring the security of the transactions you make.
These two features have succeeded in making many investors choose Cardano because of its high level of security. Likewise with Proof of Stake which is managed by the Ouroboros system. It is this system that has made Cardano successful in having high scalability so that it can expand the network in more secure conditions.
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Cardano Launchpad
A platform or service known as a “Cardano launchpad” makes it easier for new projects or tokens to be introduced to the Cardano blockchain network. The purpose of launchpads is to give projects a quick and safe way to debut their tokens to the market, draw in investors, and generate money for development.
The word “launchpad” is used in the cryptocurrency and blockchain industries to refer to platforms that facilitate the token launch process; it is not exclusive to Cardano. The phrase “Cardano launchpad” only applies to launchpads that function as part of the Cardano ecosystem, though.
There are lots of crypto projects that you can easily find, but not all of them are safe and most of them are scams. Therefore you need to become an official Cardano Launchpad to invest safely.
You can participate in good and profitable projects. As long as you can follow the process and guaranteed security system. You will get maximum results in crypto investment.
Apart from Cardano Launchpad, there is also Kommunitas launchpad in Polygon network. There are lots of features for you to choose from if you want to launch a coin in Kommunitas. In addition, transactions in the Kommunitas are also safer and avoid scams.
The Advantages
The main advantage possessed by Cardano is Proof of Stake which uses the Ouroboros system. This system makes this cryptocurrency work more efficiently than the previous two generations.
This Proof of Stake system is also more convenient and safer for beginners who want to get involved in crypto investment. Because you only need to look at the chart and make a decision. This is very different from Proof of Work, the system used in the second generation.
Proof of Work requires you to have large capital to make a profit. Of course, this is burdensome for beginners, so Cardano is here to complement it. With the Proof of Stake system, beginners can save first and when the funds are collected they will withdraw Cardano.
Cardano Selling Points
How much selling value can we get from Cardano? Currently, Cardano’s selling price is at US$1.70. This value is quite affordable for beginners who want to invest.
If you compare it with Bitcoin it is very far away. Bitcoin does have a very high selling value, but the capital required is also large. If you only have limited capital, then there’s nothing wrong with trying Cardano.
Although investing in cryptocurrencies is also unpredictable. Either it will go up or down, so you have to be diligent in looking at cryptocurrency charts.
Kommunitas is one of the best platforms providing Cardano Launchpad. Here, you can enjoy various advanced features and choose Kommunitas as the best Cardano Launchpad. You will feel the security and comfort of doing transactions here.