Why is Cardano so good?

In proof-of-stake, only people who own coins can help validate transactions — and they earn rewards for doing so. If you hold Cardano, you can stake it and earn passive income . It’s less risky than other ways people can earn rewards, such as lend-earn products or liquidity pools.

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What does ADA coin do?

Similar to other cryptocurrencies, ADA – Cardano is a digital coin that can be used to store value or send and receive funds . … The cardano blockchain can be used to build smart contracts, and in turn, create decentralized applications and protocols.

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