Cardano (ADA) is a promising cryptocurrency based on a scientific approach and developed by a team of engineers, mathematicians, and cryptographers. Launched in 2017, it aims to provide a more secure and scalable alternative to existing blockchain platforms. Cardano features the energy-efficient Ouroboros consensus algorithm, a high level of decentralization, and capabilities for creating smart contracts.

In this article, you will learn what Cardano is, how its blockchain works, what its features are, its advantages and disadvantages compared to Bitcoin, and receive a step-by-step guide on how to buy and use ADA.

What is Cardano (ADA): Advantages and Disadvantages

Cardano (ADA) is a third-generation blockchain platform launched in 2017, built with a scientific approach and focused on security, scalability, and sustainability. The project was developed by IOHK under the leadership of Charles Hoskinson, one of Ethereum’s co-founders. Unlike many other cryptocurrencies, Cardano is based on academic research and formal verification.

Cardano operates on the Proof-of-Stake (PoS) algorithm—specifically, its own implementation called Ouroboros—which makes it more energy-efficient compared to the Proof-of-Work mechanism used in Ethereum (before transitioning to PoS) and Bitcoin.

Cardano has the following advantages:

• Energy efficiency. Thanks to the PoS algorithm, Cardano requires significantly less energy to validate transactions.
• Modular architecture. The platform is divided into layers, which simplifies updates and the introduction of new features without compromising security.
• Scientific approach. All updates go through academic review and peer validation, which enhances network reliability.

But Cardano also has its drawbacks:

• Slow development. Due to the academic approach, implementing new features takes more time than with competitors.
• Limited ecosystem. Despite its potential, the DeFi and dApp sector on Cardano still lags behind Ethereum and other platforms.
• Competition. Cardano faces tough competition from Solana, Ethereum, Polkadot, and other platforms.

How Cardano Differs from Bitcoin

Although both networks are used for transferring funds, Cardano and Bitcoin differ significantly in philosophy and technology:

• Consensus algorithm. Bitcoin uses the energy-intensive Proof-of-Work, while Cardano uses energy-efficient Proof-of-Stake.
• Purpose and mission. Bitcoin positions itself as digital gold, while Cardano is a platform for smart contracts and building financial infrastructure.
• Development. Cardano is actively updated and evolves academically, whereas Bitcoin development is more conservative.

How to Buy and Use Cardano (ADA)

You can buy ADA in several ways:

• Exchangers. ADA is available through popular exchangers. To buy, select the direction and enter your ADA wallet address. It’s convenient to use monitoring services like Bestchange.ru, Kurs.expert, and Bitcoinmarket.global.
• Exchanges. ADA is traded on most major exchanges, including Binance, Bybit, and Kraken.

Popular wallets and platforms for storing Cardano:

• ADA wallets: Trust Wallet, Exodus, Atomic Wallet, Coinomi, as well as the official wallet Daedalus.
• Crypto exchanges: Binance, Bybit, Kraken.
• Hardware wallets: Ledger, Trezor.

Conclusion

Cardano is a promising blockchain platform focused on sustainable development, a scientific approach, and scalability. Thanks to the Ouroboros algorithm, low energy consumption, and transparent architecture, Cardano is firmly positioned among the leaders of the crypto market.

In this article, we reviewed what Cardano is, its strengths and weaknesses, as well as how to buy and store it. Despite some limitations, the project continues to actively develop and deserves attention from both investors and developers.

If you’re already using ADA – share your experience in the comments! And if you have any questions – feel free to ask, we’re always happy to help.

Thank you for your attention and may your investments in Cardano be successful!