What is Cardano and how does it work?

Cardano distinguishes itself by using mathematical principles in its consensus mechanism and a unique multi-layer architecture, which makes it stand out from other competing blockchains. With a team that had a hand in the creation of Ethereum, many are convinced cardano is the next generation of cryptocurrency solutions.

How to invest in Cardano?

There are several ways in which you can invest in Cardano. Probably the best and safest way is via a broker in the form of a CFD (e.g., eToro, as mentioned above). You could also buy ADA from a crypto exchange, but it may be more complicated and riskier as exchanges have a history of getting hacked.

What is staking Cardano on eToro?

Staking Cardano on eToro You can receive staking rewards when you hold on to Cardano. Staking is a process that allows users who own and hold supported crypto on eToro to earn rewards just for holding them. In the case of Cardano, the rewards come in the form of additional ADA — think of it as interest.

What is Ouroboros & Cardano?

Ouroboros is the first peer-reviewed, verifiably secure blockchain protocol, and Cardano is the first blockchain to implement it. Ouroboros enables the Cardano network’s decentralization, and allows it to sustainably scale to global requirements without, crucially, compromising security.