Cardano is one of the longest-running Layer 1 alternatives (i.e. the smart contract platforms that emerged after Ethereum).
Conceived in 2015 by Charles Hoskinson, one of the co-founders of Ethereum, Cardano was intended as a specifically commercial version of ETH, as well as one whose development would be shaped by academic research and peer review.
Using a custom Proof-of-Stake consensus algorithm named Ouroboros, Cardano claims to be more distributed, secure and energy efficient than Ethereum – and is the largest PoS coin by market cap.
Cardano has an upper limit of 41 billion ADA tokens, around half of which were sold to investors in the 2017 ICO, with the remainder being distributed to those staking their coins to secure the network. Like ETH, ADA is used to power dApps and pay for transaction costs on the network.
CoinJar is the longest-running crypto exchange in Australia and has been designed from the ground up with security and ease-of-use in mind. From the quick and intuitive sign-up process, to our lightning fast bank deposits and withdrawals, low fees starting at 0% (on CoinJar Exchange), and user-friendly iOS and Android app, CoinJar is the ideal crypto exchange whether you’re buying ADA for the first time or an experienced investor.
You can store your Cardano in a hardware wallet or on a trusted exchange. Hardware wallets (such as the Ledger) offer high level security, allowing you to store your ADA offline in a unit that only you have the password for. However, exchanges such as CoinJar also provide excellent security, keeping more than 90% of our Bitcoin in cold storage or private, multi-sig wallets and offering our users next-gen 2FA account protection as default.
Cardano was created by Charles Hoskinson, a co-founder of Ethereum.
The safest way to Buy Cardano is through a trusted exchange with a proven track record. CoinJar is Australia’s longest-running crypto exchange and has been operating since 2013 with no unplanned downtime, security breaches or loss of customer funds. We are registered with AUSTRAC and the FCA UK (for AML purposes) and work with some of the world’s largest payment providers, including Mastercard, Visa, Apple Pay and Google Pay.
The price of ADA in AUD is determined by the international Cardano market – basically, the price to be found on cryptocurrency exchanges in Australia and all around the world. These prices tend to be the same (or very close) because any differences are smoothed out by arbitrage traders that buy at one exchange and sell at another.
The maximum supply of Cardano is 45 billion ADA tokens. There are currently more than 33 billion tokens in circulation.
Yes, Cardano uses a custom Proof-of-Stake system that allows it to complete transactions at a fraction of the energy cost of a Proof-of-Work blockchain.
CoinJar’s digital currency exchange services are operated by CoinJar Australia Pty Ltd ACN 648 570 807, a registered digital currency exchange provider with AUSTRAC.
CoinJar Card is a prepaid Mastercard® issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 pursuant to license by Mastercard. CoinJar Australia Pty Ltd is an authorised representative of EML Payment Solutions Limited (AR No 1290193). We recommend you consider the Product Disclosure Statement and Target Market Determination before making any decision to acquire the product. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
Google Pay is a trademark of Google LLC. Apple Pay and Apple Watch are trademarks of Apple Inc.