About Cardano (ADA)
 

Overview

Cardano (ADA) is home to the ADA cryptocurrency, which is used to send and receive digital funds. Cardano aims to represent the future of money, enabling the efficient transfer of wealth that guarantees security through the use of cryptography. Cardano's is designed for global integration, something cryptocurrencies such as Bitcoin have struggled with, seen by its slow transaction times and high fees. Cardano hopes to avoid similar issues with scheduled and recurring enhancements to deal with increased rates of activity by allowing for multiple withdrawals to be made with one single transaction.

Technology

Aside from providing fast, direct and secure transactions, Cardano has a platform capable of running financial application's currently used by individuals, organisations, and governments throughout the globe. The platform was constructed in layers, giving the system flexibility by allowing for regular maintenance and upgrades through soft forks. Cardano further promises to run decentralised applications (DAPPS), controlled by no single third party operating on the blockchain, similar to Ethereum. Cardano's vision is to provide a new style of regulated computing that will bring comprehensive financial inclusion by granting open access for all to financial services.

Future Focus

Cardano has three principles guiding its development over the next 18 months which are, the growth of its community, generating a distributed and resilient network true to Satoshis original vision and lastly, the ability to balance the speed of development and research as commercial advantage becomes ever-pressing. Currently, Cardano is in the 'Byron' development stage, involving improvements in code (debugging), improving the design of the Daedelus wallet and allowing for third-party API integration. Further down the track, Cardano seeks to design a lite client, introduce quantum resistant signatures, create shorter, more user-friendly wallet addresses and implement a community-based voting centre so users can have their say in upcoming updates and protocol changes.

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

POLI - internet banking

POLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

Buy Cardano (ADA)

Trading Hours:
9am – 10pm, 7 days.

10787

Need to know

We run a tight ship here at Bitprime. Before purchasing, all customers must:

Register a user account with us.

Verify your ID.

Login before purchasing.

Storing your coins with Wallets

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

Pay with POLI. Its fast!

POLI - internet bankingPOLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

About Bitcoin

Bitcoin (BTC) is a form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. Transactions are stored on a distributed, immutable, online, public ledger known as a blockchain. Bitcoin was the first truly decentralised cryptocurrency which was created by a programmer under the pseudonym Satoshi Nakamoto and was released in 2009. The system is peer-to-peer, verified by network nodes and recorded in a public distributed ledger called the blockchain. Bitcoin can be exchanged for other currencies, products, and services with over 100,000 merchants and vendors accepting bitcoin as payment. Bitcoin can also be held as an investment. There are only a fixed number of Bitcoin will ever be mined (21 million), it’s not controlled by any one government or central bank, and there’s no such thing as quantitative easing or fractional reserve banking. These qualities make Bitcoin excellent as a store of value and a long-term safe-haven asset, similar to gold.

A Bitcoin success story that went viral on social media is Kristoffer Koch from Norway. Koch invested around $27 in Bitcoin in 2009 and then forgot about it for four years. He remembered about his Bitcoin wallet in 2013, which had then grown in value to $886,000.

Buy Bitcoin

Due to the price of sending and sourcing BTC the minimum order is $500.00.

Trading Hours:
9am – midnight, 7 days.

We are Off now.