Cardano (ADA) is a decentralized cryptocurrency that operates on a blockchain platform designed to provide a more secure and scalable infrastructure for decentralized applications (dApps) and smart contracts. It was founded by Charles Hoskinson, one of the co-founders of Ethereum, and launched in 2017. Unlike traditional fiat currencies, Cardano is not controlled by any central bank or government; instead, it relies on a proof-of-stake (PoS) consensus mechanism called Ouroboros. ADA is primarily used for transactions within the Cardano network and as an investment asset in the cryptocurrency market. The currency aims to offer a more energy-efficient and sustainable alternative to proof-of-work (PoW) cryptocurrencies like Bitcoin.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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If you cannot find your desired currency pair, it means that transfers to that specified currency are not supported by our services, but we are working on it! Do come back and check again as we are continuously updating our services.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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