Are cryptocurrency and blockchain the same?
Cryptocurrency is a digital asset that has a market value, unlimited or limited quantity and works as an exchange of products and/or services. Blockchain is the technology that makes cryptocurrency work, where it creates a digital ledger made out of certain amount of transactions that are collected in a series of blocks (hence, blockchain).
What is exchange?
As conventional currencies have an exchange value between one another, cryptocurrencies also share this feature. For example, in a traditional manner you can trade USD ($) for EUR (€), as well for cryptocurrency you can exchange USD ($) for ADA (₳). There are platforms dedicated to exchange such as Binance & CoinBase where you can acquire cryptocurrencies for traditional currencies.
What is Cardano?
Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.
How to Stake my ADA (₳)?
When do I recieve rewards?
Why should I take out my ADA from Exchanges (Binance, CoinBase, others...)?
Exchanges are centralized systems and if you have your coins with them, it means you don’t own them. Always remember “not your keys, not your crypto”.
What is the minimum ADA required to stake?
Is my ADA locked while staking?
No, you have liquidity at all times. This means you can withdraw your ADA anytime, send it to any exchange and trade it.