What is Cardano (ADA)? Cardano Explained for Beginners!
Want a breakdown of the ADA crypto? What ADA crypto actually is? Look no further! The Cardano blockchain platform and its cryptocurrency, Ada, have been growing in popularity over the last several years. The main rival of Ethereum, Cardano is a 3rd generation blockchain platform and its aim is to a better and improved Ethereum.
The topic of this video in my "Cryptocurrency for Beginners" series is the ADA Crypto which is the cryptocurrency of Cardano. Cardano also uses the Ouroboros algorithm, proof-of-stake and so on. ADA Cypto and Cardano have a massive, massive potential, but the project is still in the early stages. Once the Gougen update is released, Cardano will finally be able to be used for projects and this is when we will see whether all of the hype is justified!
➤ DISCLAIMER: This is not financial advice, just my own opinion. You should always do your research before you invest.
➤ Links used in this video:
Cardano (Investopedia): https://www.investopedia.com/cardano-...
Proof-of-stake vs proof-of-work: https://www.bitdegree.org/crypto/tuto...
Ada coin: https://www.bitdegree.org/crypto/ada-...
Cardano Roadmap: https://roadmap.cardano.org/en/basho/
Cardano Surges During $300 Billion Crypto Crash As Musk Eyes Sustainable Bitcoin Alternatives: https://www.forbes.com/sites/jonathan...
➤ Timestamps:
0:00 - Introduction
0:23 - What is Cardano?
1:12 - Cardano and Ada
2:00 - The Cardano Roadmap: Goguen, Basho and Voltaire
2:28 - How does Cardano work?
3:57 - Pros and Cons of Cardano
5:49 - Cardano's Risks
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