The very first thing you should know about Cardano is that it is founded by Ethereum’s former Co-founder Charles Hoskinson. For a better understanding of how the platform is supposed to work, the cryptocurrency ADA is to this startup just as ETH is to Ethereum.
The project pride itself as a peer-review systemic Distributed Ledger Technologies product as they employ the use of academic research quality assurance methodologies, that’s why Cardano investment might be interesting. They are trying to improve on the technology behind the DLT and want to solve major issues plaguing the blockchain technology.
They want to achieve a decentralized blockchain accent, such that they would be able to scale the already existing concepts of DLT by providing high-class DLT security and still enabling the usability of the product. Apart from the cryptocurrency ADA, other major parts of the project are still under development and are gaining speed.
ADA is among the top 6 cryptocurrencies and has quite the popularity in the community. There are about 12 exchanges where this coin is being listed (including top exchanges) and traded in various degree of volume. Different base pairs include BTC, ETH, USDT, and KRW. So far, I think there’s an appreciable amount of liquidity in favor of the currency which is quite favorable considering it has a very large coin supply.
Moreover, there’s a proposed network of ATMs in Japan where ADA currency will be of value to its users. To buy Cardano, all you simply need to do is to follow two simple steps. One, buy BTC or ETH from a reputable exchange with your credit card or other e-payment gateways, then two, register on any of the exchanges that list the crypto-asset, then purchase using your BTC or ETH as the case may be.
Outside of the exchanges that sell the crypto, Daedalus is the only wallet at present where ADA can be stored.