cryptoglobe.com
On Thursday (June 16), the day after hardware wallet maker Ledger added support for $ADA to Ledger Live, its software for managing digital assets on Ledger devices, the Paris-headquartered firm took “a deep dive into the world of Cardano, and its native coin ADA.”
Support for $ADA on the Ledger Live desktop app means that “you can not only secure your private keys offline as you interact, but also manage, send and receive your tokens seamlessly on your Ledger Live interface.” It allows buying $ADA tokens directly via Ledger’s API partner, MoonPay, and have them be sent “straight to your Ledger Nano.”
For months, you have asked “wen ADA?” Yesterday, we finally answered – NOW! @Cardano is now available on Ledger Live:https://t.co/0869mOZwsb
— Ledger (@Ledger) June 15, 2022
Today #OntheLedger @SnearK6 chats with the brain behind Cardano, @IOHK_Charles, about our ADA integration and the role of Dev communities. pic.twitter.com/VzTI4l7llz
Yesterday, Ledger Academy published a guide titled “What Is Cardano” for beginners. What makes this guide interetsing is how much praise it has for Cardano and its $ADA token.
Here are a few highlights:
- “Cardano uses a unique proof-of-stake consensus protocol called Ouroboros to secure its network, special because it’s the first provably secure, academically-reviewed consensus protocol. Using this consensus mechanism gives Cardano a number of advantages over other blockchains.“
- “… the energy consumed by Cardano is 99% less than the majority of other blockchains, making it a good option for long-term sustainability.“
- “Although Cardano is not known for featuring NFTs, it is still clocking huge volumes, and could be a space to watch in future.“
- “Cardano’s DeFi ecosystem is also rapidly expanding, bringing the vast options of decentralized finance to new audiences, thanks to its minimal gas fees.“
- “… it’s also pretty convenient to stake on Cardano because there’s no lock-up period, and you can manage your assets directly through your own wallet.“
- “Cardano also plans to significantly improve its transaction speed to more than 1 million TPS with the upcoming Hydra scaling solution, further increasing its potential real-world utility.“
- “… Cardano is leaving no stone unturned to establish itself as THE democratic, energy-efficient, and accessible blockchain in the crypto space…“
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