Convert ADA to USD

Cardano launched in 2017. Do you think the cryptocurrency was named after its founder? Well, not in this case. It's the name of a famous polymath from Italy who lived in the 16th century. And the ADA token was named after the famous mathematician Ada Lovelace. The token's purpose is to allow the owners to participate in the direct operation of the web. So people who own the cryptocurrency can vote on any innovations and changes to existing software. That's a democracy, guys! The new development team claims to have developed great uses for the technology to create decentralized applications, smart contracts, and modularity.

The momentous event took place in 2021 when C. Hoskinson announced the launch of the Alonzo hard fork. That led to a 116% increase in Cardano's value as early as the following month. The official launch of the hard fork took place on September 12 of the same year. It introduced smart contract features to the blockchain. More than a hundred of them were deployed within a day of the launch.

The founder and creator of the project is a man named Charles Hoskinson. Many may also know him as one of the founders of Ethereum. He is the CEO of IOHK. It is the company that is responsible for the development of the rapidly growing Cardano blockchain. According to the specialist, he started in cryptocurrency in 2011, specializing in mining and trading.

It is one of the largest blockchains to date. It successfully uses the popular Proof-of-Stake mechanism. The pride of the project is the peer-reviewed research process that goes through all the technologies developed. This rigor ensures that the blockchain is stable and reliable. This approach allows various potential pitfalls to be anticipated and avoided in advance.

In 2020, Shelly's update took place. The main objective is to make their blockchain even more decentralized than other major projects. Even then, Hoskinson forecasted the launch of hundreds of new assets on the network after such an innovation. The old Shelley was over after the launch of the famous new Alonzo hard fork. But the next phase began, called Goguen. That allowed all users to develop and deploy smart contracts, creating decentralized applications on the blockchain.

The main subject of discussion around Cardano today is the new hard fork, named after Bulgarian mathematician Vasil Dabov. The crypto world has been waiting for this update. It is believed to be the third phase of development. The update will include an improved programming language for smart contracts, as well as an increase in the bandwidth of this network. The update was supposed to be available in the summer of 2022. But the event had to be postponed several times. Vasil includes 5 key elements to improve Cardano's scalability and usability. Diffusion pipelining is another essential element.

Cardano's coin is available on many well-known cryptocurrency exchanges. You can convert ADA on Coinbase, Binance, Kraken, etc. Users can now access several fiat pairs and buy these cryptocurrencies for BTC or ETH. If users have ADA, they can receive a debit card from Cardano. It works in the same way as a regular card. Wouldn't you agree, convenient?

To buy ADA, you need to create a wallet and an account at your chosen cryptocurrency exchange. A great solution is to set up a wallet through PassimPay. After that, there are only 3 simple steps left:

• setting up an ADA wallet;
• buying ETH, BTC;
• exchanging cryptocurrencies for ADA.

Manage and dispose of the cryptocurrency as you see fit. But remember the basic security rules. You don't want anyone to steal your cryptocurrencies, do you?