Convert
Australian Dollar (AUD) to Cardano (ADA) Instantly
Purchase Cardano (ADA) with Australian Dollar (AUD) easily at Switchere and benefit from fast, secure transactions.
About
Cardano (ADA)
Cardano (ADA) is a third-generation blockchain platform focused on creating a secure, scalable, and sustainable ecosystem for decentralized applications (dApps) and smart contracts. Built using a research-driven approach and peer-reviewed scientific principles, Cardano distinguishes itself with its dual-layer architecture, where the Cardano Settlement Layer (CSL) handles transactions with ADA, its native cryptocurrency, while the Cardano Computation Layer (CCL) powers smart contracts and dApp functionalities. This separation enhances both security and scalability, allowing ADA to support complex applications without compromising transaction efficiency. Cardano's unique proof-of-stake consensus mechanism, Ouroboros, reduces energy consumption compared to proof-of-work blockchains, making ADA an environmentally sustainable choice. The Cardano ecosystem is dynamic, with projects spanning DeFi, NFTs, and governance protocols, and is actively developed by a committed community led by Input Output Global (IOG), Cardano Foundation, and Emurgo.
How to Buy Cardano (ADA)
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Frequently asked questions
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What is Cardano (ADA)?
Cardano is a decentralized blockchain platform founded by Charles Hoskinson, co-founder of Ethereum, focusing on sustainability, scalability, and interoperability. Its native cryptocurrency is ADA. -
Who developed Cardano?
Cardano was developed by Input Output Hong Kong (IOHK), a technology company founded by Charles Hoskinson, with a focus on academic research and peer-reviewed protocols. -
What sets Cardano apart from other blockchain platforms?
Cardano is unique due to its research-driven approach and layered architecture, separating the computational layer from the settlement layer for enhanced security and scalability. -
What consensus mechanism does Cardano use?
Cardano uses the Ouroboros proof-of-stake (PoS) protocol, which allows ADA holders to participate in securing the network by staking their assets. -
What is Ouroboros, and how does it work?
Ouroboros is Cardano's PoS protocol, designed to be energy-efficient and secure. It divides time into epochs, where randomly selected validators (stake pool operators) create new blocks.
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