Cardano Explained For Beginners & Crypto Noobs (What Is Cardano?)

Cardano Explained For Beginners & Crypto Noobs (What Is Cardano?)

What is Cardano?

Cardano is a complex system like any other cryptocurrency & diving too deep into what it is in all aspects would probably just leave you more confused before you watched this video.

Essentially Cardano is a cryptocurrency like bitcoin but made with a purpose other than just being used as currency. Cardano also functions as a form of software that can do all sorts of fun things and bring value to people all around the world while also being a digital currency. I will go over some of its uses in a minute but just know that Cardano is like bitcoin but it also allows people to use it to make things like applications and so much more to bring solutions to modern-day problems.

When it comes to comparing Cardano to other cryptocurrencies the main thing that set it apart on its initial release back in 2017 is it's being a proof of stake system. This means that instead of someone mining for something like bitcoin they can instead stake their currency to earn more, without having to actually do any work. There are plenty of reasons for this being a better system but the main reason is to reduce energy consumption.

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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not financial advice. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses a considerable risk of loss. The speaker will not be held responsible for any losses or gains. Always do your own research and advise with a professional before making your own investments. Links in the description are typically affiliate links.

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