This Cardano review has revealed that Cardano also known as ADA is responsible for new and innovative technologies associated with products for identity management as well as traceability of products.
Choose your quick section of our Cardano review below.
A Quick Overview of our Cardano Review:
Cardano is considered as the third generation following Bitcoin and Ethereum and one of Cardano’s goals is to provide banking services to those who do not have access to this.
Live Price
What is Cardano?
Cardano is an open-source project that aims to run a public blockchain for smart contracts. The native token for Cardano is ADA and it is traded on most popular cryptocurrency exchange trading platforms. Cardano’s development is overseen and supervised by the Foundation in Switzerland.
Key Features and Takeaways of Cardano
Cardano is a large blockchain that has successfully used the Proof-of-Stake (PoS) consensus mechanism, ensuring that technology development goes through a peer-reviewed research process. Cardano has a variety of features, including:
- Cardano is a blockchain as well as a platform for smart contracts. It is divided into two distinct layers namely a Settlement Layer which transfers ADA between accounts and records transactions, and the Computational Layer, which is based on Smart Contract logic and which can be leveraged to move funds.
- Cardano is responsible for new and innovative technologies associated with products for identity management as well as traceability of products.
- Development on Cardano started in 2015 and it was finalised and launched in 2017, with the platform positioning itself as the alternative to Ethereum.
- Cardano, like Ethereum, is used for a variety of applications, allowing for developers to create projects on the blockchain.
- Cardano is considered as the third generation following Bitcoin and Ethereum and one of Cardano’s goals is to provide banking services to those who do not have access to this.
- Cardano works to refine the process involved with the collection of data from a variety of sources.
- Cardano’s team plans to make use of a democratic on-chain governance system, Project Catalyst, to manage development as well as the execution of various projects.
Cardano Mining
ADA, as the native token of Cardano, can be used by platform users to either perform peer-to[peer transfers, or to participate in the staking functionality of the network. This means that ADA cannot be mined as Cardano works with a PoS algorithm and thus requires for tokens to be staked.
Users and holders of ADA tokens can bet their tokens and participate in the governance of the network. They can also become validators or function as nodes, allowing them to receive rewards for participation in the successful operation of the network.
Cardano Participation Test
The PoS that Cardano uses is the Ouroboros consensus algorithm. This is used by nodes that run the Cardano software and who subsequently protect the network, validate transactions, and obtain ADA.
Ouroboros is an efficient method when compared to various other protocols. Another factor that makes it secure is that Cardano’s code is written in Haskell language which is used in banking and defence industries.
In the Ouroboros protocol, time is divided into epochs and slots, with epochs as the general time frames and slots the 20-second increments found within epochs. Every block is drawn every 20 seconds, and every 20 seconds, a new slot leader is chosen.
Ouroboros, unlike other PoS methods, does not have competition between interested parties in the production of a block. Instead, there is a slot leader selected at random from the available nodes, proportional to the number of tokens that it owns, or has staked.
This slot leader is responsible for choosing the blocks that will be added to the blockchain. Ownership of ADA determines who the slot leader will be, and it is therefore crucial that only mCore nodes are elected as slot leaders.
In July 2025, there was a Shelley platform upgrade which resulted in Cardano enabling Delegated Staking. Through this, ADA owners can delegate the rights that they have in participating in the protocol. This assigns votes to other Cardano users while they earn ADA rewards without having to be online.
ADA token holders delegate their participation to a third-party to act and vote on their behalf for a small fee. Delegates are also referred to as staking pools that commit to executing the protocol in addition to committing to always being online.
Ouroboros incentives
Delegates who issue blocks as well as verify transactions are provided with incentives from two distinct sources, namely:
- Transaction Fees
- Funds extracted from ADA reserve.
Where Ouroboros is concerned, rewards for an epoch are distributed amongst stakeholders as well as staking pools proportionate to their participation. Group leaders are given a fraction of the rewards to cover operating costs and to ensure a profit.
The remainder is then distributed amongst members of the pool according to the share that is provided by the pool.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Cardano features a great, dedicated development team | Cardano is known as the “academic” blockchain which has undergone a lot of review and testing, and it is still being developed slowly |
| It has academic backing and involves academic, peer reviews | There are known issues with synchronisations between ledgers |
| There are multiple layers used namely a settlement and computational layer | Having multiple chains is not the newest innovation as other blockchains employ the same technology |
| Cardano solves the issue faced with scalability and ensures fast transaction speeds | Cardano is not fully decentralized yet |
| Cardano is an open-source platform with code written in Haskell programming language | |
| Cardano is a third-generation blockchain | |
| Cardano is secure through its PoS protocol | |
| Cardano provides digital identity | |
| There are companies flocking to partner with Cardano | |
| ADA is listed on a variety of major cryptocurrency exchanges | |
| There have been substantial price increases during the first three months of 2025 | |
| Cardano can host assets without needing smart contracts | |
Transaction Fees
| 💰 Type of Fee | ℹ️ Information |
|---|---|
| Deposit Fees | 0.2 – 135.14 ADA |
| Trading Fees | 0.155381 ADA on average |
| Withdrawal Fees | 0 ADA |
Should you buy Cardano?
There are many considerations when deciding to invest in an asset, whether real-world or digital. Cardano offers investors with a variety of reasons to invest in ADA, with only a few listed below.
Solid team
There have been several great field professionals involved in the development of Cardano. The team behind Cardano is focused on creating a platform for smart contracts that will deliver scalable, transparent, and advanced features.
Absolute safety
The language that Cardano uses, Haskell- is a precise code which uses mathematical verification methods. This means that human error is eliminated, making it one of the most secured platforms in the world.
Advanced features
Even though there are several other platforms that offer simple transactions, Cardano offers users with the ability to add additional information and details to their transactions. With Cardano, users can keep transaction and information in separate layers, and decide to complete the details when relevant, or if necessary.
Token Holders have Control
Cardano’s governance is based on blockchain, which means that token holders decide on upgrades, improvements, and modification. ADA holders vote for protocol implementation and once a certain percentage of votes are obtained, the modification is implemented.
Other considerations
Apart from the considerations already listed, investors who wonder whether they should invest, can consider the following:
- The Cardano blockchain does not require a third-party agreement for users to create smart contracts.
- Cardano has a variety of use cases, including helping the World Health Organisation (WHO) validate the origin and supply of pharmaceutical products through Cardano’s product traceability.
- Atala PRISM, an ID, and credentials solution, was designed and launched on the Cardano blockchain.
- Cardano offers users with full control of credentials, which can be shared with anyone and allows for instant verification.
- Cardano’s Ouroboros PoS consensus method can process around 1 000 transactions per seconds.
How to buy Cardano (ADA)
Step 1 – Open an account on Binance
Navigate to the official Binance website and select “Register Now”. You will be redirected to a “Create a Free Account” where you can either register with your email address or your mobile number.
You can enter your email address and user-selected password or select the “Mobile” option at the top of the form. Select your country code and enter your mobile number along with your user-selected password.
Once you have completed the necessary fields, you can read and accept the Terms of Service before selecting “Create an Account”.
You may have to complete a Security Verification that will confirm that you are not a robot. Next, there is an account verification. During this, a 6-digit verification code is sent to the email address or mobile number that you provided. The code is only valid for 30 minutes and must be entered in the blocks provided on this page.
Once the verification is completed, a welcome page will load, and you will be given the options through which you can either trade or purchase cryptocurrency. If you are new to crypto, you can visit the “Learn More” Section at the bottom of the page.
Step 2 – Secure account with two-factor verification
On the trader’s dashboard, select the option to secure your account with two-factor verification. Even though phone verification is a secure option, the most preferred and secured method is to make use of the Google Authenticator.
Once downloaded and installed, either scan the QR code or type in the one-time, unique code provided to add your Binance account credentials onto Google Authenticator.
Once completed, write down the back up key provided to recover your account on Google Authenticator in case you lose or misplace it. In the final step, enter the 6-digit code which you will receive on your registered email address along with the Google verification code.
Step 3 – Deposit funds
Binance allows for the purchase of cryptocurrencies via fiat deposits as well as cryptos. Deposits can be accessed from the following locations:
- The “Welcome to Binance” banner.
- Hovering over “Buy Crypto” at the top of the web page and selecting your preferred method.
- Selecting “Deposit” on the “balance details” section on your traders dashboard.
Once you have selected the option to “Deposit”, you can select whether you wish to deposit cryptocurrencies from another wallet, or whether you want to make a fiat deposit.
For Crypto deposits, follow these steps:
- Select your coin between Bitcoin, Ethereum, TetherUS, BNB, or EOS.
- Select the network to be used between BEP2, BEP20 (BSC), ERC20, or TRC20 and accept the conditions for using the network.
- Copy the address or scan the address QR code from the wallet where you are depositing and follow further prompts. Kindly note that each network has its own set of network confirmations between 1 up to 15 confirmations before the deposit will be done.
For deposits in Fiat currencies, follow these steps:
- Select the deposit currency from the dropdown list. To gain access to more currencies, it is necessary to verify your identity and face.
- Select the payment method to be used, depending on the currency chosen.
- Enter the deposit amount and any other details. Kindly note that the transaction fee will be displayed along with the balance after this is subtracted.
- Continue with the deposit.
Step 4 – Start Trading
Once you have completed your deposit, you can navigate to the “Markets” section at the top of the page to view the available cryptocurrencies. From here, you can buy, sell, and trade currencies at competitive prices.
Frequently Asked Questions
When was Cardano first launched?
Cardano was created in 2017.
Who founded Cardano?
Cardano was founded by Charles Hoskinson who was a co-founder of Ethereum.
What is “ICO”?
It is Initial Coin Offering that, unlike an IPO, does not mean that those who invest in the cryptocurrency will have an ownership stake of the company that they provide funds to.
When was Cardano’s ICO and how much did it raise?
Cardano’s ICO was in 2018 during which it raised 874 million ZAR.
Is Cardano legit?
Yes, Cardano is legit.
What is Cardano’s total supply?
Cardano’s maximum supply is 45 billion ADA.
What is the purpose of Cardano?
Cardano aims to create a technology platform that is set to ignite positive changes in the needs of the world. Cardano facilitates secure digital payments and works to ensure greater financial inclusion, adherence to regulations, and the exploration of the social elements contained in commerce.
On which blockchain is Cardano based?
Cardano is based on its own blockchain.
Does Cardano work with smart contracts?
Yes, Cardano aims to integrate smart contracts into its platform offering.
Does Cardano have potential to become more valuable?
The market shows bullish characteristics where cryptocurrencies are concerned, however, there are projects such as Cardano and its native token, ADA that are doing well despite market conditions. ADA is consistently drawing the attention of investors and there is a lot of potential in further developments along with promise that the value will increase.
Top 4 Brokers
