Video: Understand Cardano ($ADA) in 60 Seconds

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Cardano has been called an Ethereum killer. In essence, it’s aiming to be Ethereum 2.0. Like Ethereum, it’s a blockchain project that allows for executing trustless smart contracts.

But Cardano’s being built with a layered, modular system that will let developers choose what level of privacy (or transparency) their app requires.

One of Cardano’s big selling points is academic rigor – its tech is based on papers published in peer-reviewed journals. Cardano says, for example, that its proprietary proof-of-stake mining tech Ouroboros is as cryptographically secure as proof-of-work, without all the energy consumption.

Of course, the Cardano network uses a cryptocurrency: ADA. ADA is currently fee-free, although eventually transactions will have a small cost to prevent spam.

Cardano even plans to offer an automated, ADA-to-fiat-converting debit card that’ll let you use your ADA anywhere

If there’s a downside, many of Cardano’s features are only on the roadmap. The currency and wallet are available, but many of its competitive advantages are still in development.

To learn more about Cardano, check our our in-depth review from December of 2017.