Cryptocurrency today is both a way to invest and a tool to pay for services and products online. For a merchant wishing to grow their business without tangible limits, using cryptocurrencies is a great solution.
Cardano is one of the currencies with one of the highest capitalizations in the world. ADA is currently in eighth place in this regard.
What are the advantages of ADA coin, what are the differences of this cryptocurrency from Bitcoin, Ethereum, and Litecoin, and how to accept payment in this currency?
Cardano (ADA) has been called one of the most promising cryptocurrencies this year. Although the cryptocurrency's volatility is generally quite high, market trends show ADA's advantages over other currencies. The number of exchange platforms working with ADA is quite large. The exchange is possible both for other cryptocurrencies and for fiat money.
ADA is Cardano's own token
The developers base their work on a scientific approach and experience with other cryptocurrencies: Charles Hoskinson - the founder of Cardano - previously worked on Ethereum. The principles on which the project is built make it possible to transfer assets in a complex and secure ecosystem.
Cardano's smart contracts (the technology on which the blockchain is based) are comparable to Bitcoin in terms of reliability, in particular, due to the Haskell programming language on which the development is based. Projects written in this language do everything to ensure security.
The development uses an innovative PoS protocol called Ouroboros, which provides protection and proof of ownership. Ouroboros is one of the features of the Cardano network.
At the moment, it is not possible to mine ADA.
You can create a wallet for Cardano on the official website.
For clients to be able to pay for services or goods with cryptocurrency; the website must have a gateway integrated to accept it. MEEG offers ready-made solutions for such systems, the ease of installation of which is not affected by the platform on which the company has its website.
There is a special application for payments - ADAPay. However, with the MEEG platform, you give customers-owners of e-wallets the opportunity to make the necessary transactions directly on your site.
The world of cryptocurrency is expanding, and crypto is becoming a more and more common tool for both big investors and ordinary service users. When working with cryptocurrency, one notion should be kept in mind: Always check carefully whether the transfer recipient information is entered correctly because if you make a mistake, the funds cannot be returned.