Question 1

What is Cardano (ADA)?

Accepted Answer

Cardano (ADA) is a decentralized open-source blockchain platform secured by a proof-of-stake (PoS) consensus mechanism. It was launched in 2017 by Charles Hoskinson, one of the co-founders of the Ethereum (ETH) blockchain network.&nbsp;

Question 2

How does Cardano (ADA) work?

Accepted Answer

The definitive quality of Cardano is its emphasis on a research-driven, scientific approach to blockchain development. The platform seeks to solve issues related to scalability, interoperability, and sustainability seen in earlier networks.

Question 3

How Is the Cardano (ADA) Network Secured?

Accepted Answer

The Cardano blockchain is stratified into two layers: The Cardano Settlement Layer (CSL) and The Cardano Computation Layer (CCL). The Cardano Settlement Layer facilitates peer-to-peer transactions of ADA within the network, while The Cardano Computation Layer is used to execute smart contracts.

Question 4

What Is the Market Cap of ADA?

Accepted Answer

Cardano is secured through a specially designed proof-of-stake (PoS) consensus protocol called Ouroboros. As stated on Cardano&#x27;s official website, Ouroboros is able to provide and improve the security guarantees of proof-of-work (PoW) at a fraction of the energy cost.

Question 5

What is Cardano’s (ADA) Circulating Supply?

Accepted Answer

Cardano (ADA) currently has a market capitalization of PKR 6,668,031,894,313.00

Question 6

How to Stake Cardano (ADA)?

Accepted Answer

The current circulating supply of Cardano (ADA) is $36,566,787,549.78

Question 7

How to Buy Cardano (ADA)?&nbsp;

Accepted Answer

Cardano is a proof-of-stake (PoS) blockchain platform, which means that its nodes compete for a chance to validate the next block of transactions by stacking the associated cryptocurrency. &nbsp;Staking ADA is most commonly done by delegating the currency to a staking pool from a Web 3.0 wallet like Daedalus or Yoroi.

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