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What is ADA?
ADA is a third-generation, decentralized proof-of-stake (PoS) blockchain platform designed to be a more efficient alternative to proof-of-work (PoW) networks like Bitcoin and Ethereum. ADA cryptocurrency runs on the Cardano blockchain, which is based completely on scientific and mathematical principles. It was designed by experts in the fields of cryptography and engineering.
Market cap
$0 0.00%Circulating supply
0 ADATotal supply
unlimited
Mission
Cardano’s mission is to provide a blockchain platform for changemakers, innovators, and visionaries. Their goal is to provide the tools and technologies required to create possibilities for the many, as well as the few, and bring about positive global change. They are committed to establishing a transparent and decentralized platform that is impartial and unbiased. To do this, they are committed to ensuring that robust governance, standards, and ethics exist and are upheld.
ADA Markets
Source | Pairs | Price | Volume | Spread | Last Traded | Trust Score |
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ADA Use Cases
Travel Bookings
At Travala.com, we offer more than 3,000,000 travel products in over 230 countries available for purchase with ADA. Plus, you’ll receive a 2% giveback in the AVA rewards token on every accommodation booking.
Travala.com's intuitive booking experience is designed to be familiar and simple to navigate. Simply choose your desired travel product, enter your details, and select from a variety of available payment options, including traditional credit and debit cards, ADA, and 90+ other cryptocurrencies.
More Use CasesThe use cases of ADA extend beyond the Travala.com platform.
The use cases of ADA extend beyond the Travala.com platform.
The use cases of ADA extend beyond the Travala.com platform.
Trading
As the biggest proof-of-stake blockchain, ADA can be traded on the most widely used cryptocurrency trading platforms. The third generation crypto utilizes new developments such as layered architecture to improve scalability, security, and sustainability. This rectifies some of the inefficiencies of previous blockchains like Bitcoin and Ethereum.
Earn ADA via Staking
Cardano, as a proof-of-stake blockchain, works by having certain “validators” put up a stake of their cryptocurrency to attest to the validity of a block in the blockchain. Through this staking system, validators help secure the network and earn rewards in the process.
Smart Contracts
Cardano offers smart contracts, an automated digital agreement written in code, that tracks, verifies, and executes the binding transactions of a contract between various parties. They are stored on, and distributed across, a decentralised blockchain network, making it transparent and irreversible.
Buying NFTs
Through smart contracts, ADA can be exchanged for ADA-based assets. Non-fungible tokens (NFTs) represent ownership of a unique item such as a digital artwork or collectible. ADA’s smart contracts can ensure that the exchange of NFTs for cryptocurrency can occur securely. The system also ensures that creation and ownership is verifiable and each token is minted with a unique identifier. Although not the first crypto to offer NFT trading, ADA typically has far smaller fees than coins like Ethereum.
How to Pay with ADA
Visit Travala.com and search for a hotel, home, flight, or other travel product by entering your destination and dates.
Select your desired choice from the available options.
Enter the required traveller details.
Select Crypto as your payment method, then select ADA.
Click Complete Reservation. In your ADA wallet, input the generated address by scanning the provided QR code or by copying the text. Ensure that the exact ADA amount is entered and send the payment.
Click Payment sent. Your transaction will be processed, and you will receive a confirmation email once your voucher or e-ticket is available.
Buy, Sell and Trade ADA
Exchanges and partners where you can buy, sell and trade ADA:
Store ADA
Store your ADA securely with the following wallets:
FAQs
How are Cardano and Etherum Different?
Both platforms are used for similar applications, such as smart contracts, and have goals of building a connected and decentralized system. However, Cardano and Ethereum attempt to achieve these goals through different blockchains.
Ethereum’s Proof-of-Work blockchain has a network of miners that computes complex calculations to keep the blockchain running. As a result, an Ether - Etherum’s cryptocurrency - is worth a certain amount of computing power. Ethereum’s scalability, interoperability, and sustainability are limited by the infrastructure burden of growing costs, energy use, and slow transaction times.
Comparatively, a Proof-of-Stake consensus replaces miners with validators. Proof-Of-Stake mining requires a lot less energy and fewer resources. Cardano only requires a small number of Ada holders to be online and to maintain good network connectivity. This has the added benefit of transactions being validated quickly and cheaply.
What is Cardano staking and how can I benefit from it?
Who developed Cardano?
How Can I Get Cardano Updates?
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