Ledger live cardano6/12/2023 ![]() Proof of work networks like Bitcoin and Ethereum are energy-intensive and slow to process transactions, especially when the network is congested. But, understanding the limitations of a proof-of-work blockchain in terms of scalability, speed, cost and ultimately utility, they set out to create an alternative that dispatched with all of these problems. Cardano – The Origin StoryĬardano’s founders Charles Hoskinson and Jerry Wood are no stranger to the crypto scene: they were also on the original Ethereum team. In this article, we’ll take a deep dive into the world of Cardano, and its native coin ADA, so you can get familiar with the blockchain, its unique features, and exciting outlook. Oh did we mention? It’s also Ledger’s newest integration – and people are pretty excited about it. This means you can send, receive and manage your ADA seamlessly within Ledger’s interface, while securing your private keys offline, even as you interactĬardano is the layer 1 blockchain with its own NFTs and DeFi platforms, promising a cheaper, faster and more efficient crypto ecosystem to rival the current slow giants of crypto. Its native token ADA – also a governance token enabling the network to become decentralized – has just been integrated within Ledger Live ![]() The blockchain is capable of around 250 transactions per second, is extremely energy efficient, and can complete transactions for a fraction of the gas fees paid on rival networks Cardano is a Layer 1 blockchain that offers improved transaction speed and scalability – as well as its own ecosystem of dApps Do Your Own Research (DYOR): How to Investigate Crypto Projects.Ledger Live App: Buy, Sell, Stake and Swap Crypto.What is Ledger?: Secure Crypto Self-Custody. ![]()
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