What Makes Cardano Different & How To Use It

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What is Cardano

Cardano is a blockchain platform that is focused on providing a secure and sustainable ecosystem for the development and execution of decentralized applications (dApps). It utilizes a unique proof-of-stake (PoS) consensus mechanism called Ouroboros, which aims to improve upon the energy efficiency and scalability issues that have plagued other PoS systems. Cardano also features a multi-layer architecture, with a separate layer for smart contract execution and another for settlement and compliance. This allows for greater flexibility and more efficient use of resources. Additionally, the Cardano platform is being built with a strong emphasis on security and regulatory compliance, making it well-suited for use in financial and other highly-regulated industries.

Why Cardano is Different

Cardano differentiates itself from other coins in several ways, such as its proof-of-stake consensus mechanism called Ouroboros, which aims to improve energy efficiency and scalability. Additionally, Cardano has a multi-layer architecture that separates smart contract execution and settlement & compliance, allowing for more efficient use of resources. Additionally, Cardano is built with a strong emphasis on security and regulatory compliance which makes it suitable for use in financial and other highly-regulated industries. Another key differentiator is its unique governance system which allows for community-driven decision-making and protocol upgrades, ensuring the platform’s development is aligned with the community’s needs and values.

How to buy and sell Cardano

Buying and selling Cardano ($ADA) is very simple and can be done through various cryptocurrency exchanges.

  1. Find an exchange that has Cardano ($ADA) listed. (Coinbase, Binance, Kraken)
  2. Sign up and add funds to your account. 
  3. Now you can start to buy, sell, and send Cardano ($ADA).

How to use/shop with Cardano 

Since Cardano is still one of the newer coins/tokens not many retailers are directly accepting it. However, there are still some companies that do accept it and many more that are planning to accept it in the near future. 

Companies that accept Cardano ($ADA)

  • Piggy Cards
    • Piggy Cards is one of the largest digital gift card providers and accepts $ADA along with many other coins.
  • Travala
    • Online travel Agency, flight and hotel search, and reservation
  • Newegg
    • Newegg is one of the largest online computer hardware and consumer electronics retailers. It is currently the only mainstream retailer to accept $ADA. You can use Cardano to purchase items from Newegg’s wide selection of products, including PC components, gaming peripherals, laptops, and smartphones.
  • Alternative Airlines
    • Online travel Agency, flight and hotel search, and reservation

Buy gift cards with Cardano

Gift cards and prepaid debit cards are by far the best way to get the most use out of your Cardano. They give users the ability to shop at their favorite retailers even if the retailers do not accept cryptocurrencies. 

Here are some popular gift cards you can buy with Cardano ($ADA):

  • Amazon
    • Amazon.com, Inc. is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.
  • Google Play
    • Google Play, also known as the Google Play Store and formerly the Android Market, is a digital distribution service operated and developed by Google.
  • Uber
    • Uber is a transportation company with an app that allows passengers to hail a ride and drivers to charge fares and get paid.
  • Steam
    • Steam is a video game digital distribution service and storefront by Valve. It was launched as a software client in September 2003 as a way for Valve to provide automatic updates for their games and expanded to distributing and offering third-party game publishers’ titles in late 2005.
  • Roblox
    • Roblox is an online game platform and game creation system developed by Roblox Corporation that allows users to program games and play games created by other users.
  • Target
    • Target is an American big box department store chain headquartered in Minneapolis, Minnesota. It is the seventh-largest retailer in the United States.
  • Walmart 
    • Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas.
  • Airbnb
    • Airbnb, Inc., based in San Francisco, California, operates an online marketplace focused on short-term homestays and experiences. The company acts as a broker and charges a commission from each booking.

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