What is Cardano?
Cardano is a state-of-the-art blockchain specially designed to allow value transfer through sophisticated and secure systems. The platform develops smart contract infrastructure that offers shortcuts comparable to any other process used (including Ethereum). That said, ADA can be switched to other popular cryptocurrencies, such as Bitcoin or Ethereum, which are widely accepted worldwide as payment methods.
The platform has its cryptocurrency, called ADA. At the time of writing, the coin is worth $0.093, while Cardano’s revenue was $2.4 billion. As with other cryptocurrencies, ADA can be purchased on various trading platforms and in many exchanges.
What makes ADA special?
Cardano project was run with a scientific method by some of the most experienced computer engineers and software developers in the world. Its ecosystem protocol is based on a highly flexible, double-layer blockchain embedded with industry-focused software standards. Cardano wants to provide a democratic system that allows the platform to change in the coming years and be funded by financial sustainability.
Cardano is also committed to respecting users’ privacy while complying with all regulatory principles that promote greater financial inclusion. This cryptocurrency is currently supported by three various organizations: the Cardano Foundation, IOHK, and Emurgo.
Is Cardano officially recognized?
Cardano’s previous sale was made in full compliance with anti-money laundering (AML) regulations and the KYC in charge of Japan. On the other hand, the distribution of the ADA was monitored so that the process was transparent at all times. Besides, the Swiss bill refers to Cardano as one of the most promising solutions and a viable tool for electronic distribution chargers.
In addition to this, one of the most important consulting companies in the world, PwC, has congratulated its visible head, Gunther Dobrauz, the development team behind Cardano. This worldwide legal recognition from various Cardano projects demonstrates its absolute legitimacy and establishes the ADA as a reliable and robust cryptocurrency. It can be used worldwide except for those that are explicitly prohibited from using cryptocurrencies.
Cardano and Gambling
With all above-mentioned benefits ADA is especially attractive in gambling. Utilizing the most prominent use case of Cardano plus using its technology of provably secure’ (a player-friendly mechanism that ensures there is no foul play) make the coin a perfect choice for all lovers of betting and casino games. The best part? You can now use Cardano along with all the other 25+ altcoins on the 1xBit platform to play exciting live casino and slot games along with competitive tournaments!
Why 1xBit?
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- Only Crypto. The website supports cryptocurrency only and offers access to 25+ cryptos. You can pick any of them in your Multi-Currency Account!
- Anonymity. The platform has 100% anonymity as it doesn’t ask for any private or personal information to start.
- Gaming Options. The platform provides 100+ game providers and 5000+ slots along with the widest selection of sporting events!
The new altcoin intended to solve existing cryptocurrency issues, which would eventually result in profit for its users. Just like it does 1xBit – the company always look for better solutions for its players, and adding of the ADA was just a matter of time. Register with a promo code 125WBMT and get 125% 1st deposit bonus.
Disclaimer: This article was published in partnership with 1xBit, and not edited by our editorial team. Investments are subject to market risk.
