Ask leo, What do you know about Cardona?
Just like Bitcoin and Ethereum, Cardona is one of the most popular forms of Cryptocurrency, a digital one that exists exclusively online also. Cardona was first introduced in the year 2015 and was first traded publicly in October 2017 and it was just few cents per coin. But as at January 202 it price as risen as the coin was traded above $1.20, though at a point it as peaked to a level of $3 initially, right now Cardona happens to be among the 10 largest Cryptocurrency by total value as stated by CoinMarketCap.com.
Some many individuals know so much about Bitcoin and other coin too,but little or less do they know about Cardona,here is what Cardona is and what you need to know about it.
What is Cardona This is one of the most popular Cryptocurrencies in the market right now. The Cryptocurrency is refer to as Cardona, while those that know much about it called it ada.
This is a coin that was created by a man called Charles Hoskinson, a co-founder of Ethereum, which is one of the most popular Cryptocurrency that is traded daily now, Cardona also runs on a decentralized public legder using Blockchain technology just as other coin too.
The decentralized system on it own validates all transactions and also verify their integrity, this also helps to ensure that the system is robust and free from error. it also uses what is called proof of stake system , which makes the owner of the currency to have the responsibility of validating transactions in order to get a reward.just as other tokens in the hive system comes with rewards for staking them,so also Cardona staking comes with attractive one too and it gives you the ability to stake low too.
What does Cardona do? Base on research Cardona enables lot of different features and actions on it platform
Currency:
With a crypto wallet,you can receive and send Cardona and even transfer it in order to exchange for goods and services
It enables smart contract : It gives room to smart contract,this are contracts that automatically engage in self-execute when it conditions are meant.
Decentralized finance:
One of it feature is that it helps to skip the process of middleman during any transaction unlike banks and other financial institutions
Digital Apps:
In addition to it decentralized finance ability, Cardona also enable trading , lending and asset management.With this Cardona as gone beyond being a coin alone as it has the ability to power various financial services too.
One of the most important question this days is that is Cardona a good investment?
Just like other coin too ,the price of Cardona has been highly volatile, cause it as been experiencing up and down too just like other coin too. Cardona as indeed rises in terms of price right now compared to what it was in 2017.
Bottom line
If you are willing to take the risk in Cryptocurrencies or you are seeing it as the next big wave you can invest in them, but their are other means like playing them rather than investing directly in the tokens,like investing in companies that profit from Blockchain technology is vital too.
You must also be very careful when it comes to putting fund in any coin, especially with the level of volatility that do occur at times and this at times might cause you to lose your fund most especially when you are investing on an asset that is not backed by anything,so it is advisable that you invest the little you can afford to lose on most occasion.
Posted Using LeoFinance Beta
