eToro Cryptocurrency Trading & CFDs
- Buy and trade 15+ popular cryptocurrencies
- Copy the moves of qualified traders with CopyTrade
- Instantly deposit funds with PayPal and credit or debit card
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
eToro Cryptocurrency Trading & CFDs
Cardano is a proof-of-stake blockchain designed for smart contracts and dApps, led by Ethereum co-founder Charles Hoskinson.
Designed to be an Ethereum competitor, Cardano began development in 2015, and launched as a testnet on 29 September 2017. The mainnet, called Goguen is slated for launch in April 2021 which will bring long-awaited smart contract functionality to the platform. Despite its relatively slow development process, Cardano’s native ADA token is one of the most popular coins on the market.
Cardano ADA tokens are listed on many popular exchanges. Find out which exchange is best for you by comparing deposit methods, fiat currency support and more.
Once you purchase ADA, you may want to move it to a wallet to keep it safe.
Cardano offers a purpose-built wallet called Deadalus. It’s a secure multi-function desktop wallet that can be exported to a paper wallet for extra security. Currently it only supports ADA, but will eventually offer multi-cryptocurrency support.
To make using Deadalus more secure, you may want to use it with a hardware wallet that keeps your private keys secure on a hardware device.
Note: Cardano is still under development. Not all of the features described below are active at the time of writing.
Cardano is entirely open source and created from the ground up with the goal of being the most practical cryptocurrency ever made. Some of its features, such as the Cardano blockchain and Daedalus wallet, were purpose-built from scratch and designed to be better than anything else currently available.
One of the main features of the Cardano system is the multi-layer design:
Bitcoin and most other cryptocurrencies have all of these functions in one layer. This multi-layer system brings some features that traders may find useful.
These layers are supported by the Cardano treasury, which receives a portion of newly minted ADA and transaction fees.
Cardano uses an entirely new mining algorithm called Ouroboros. According to its developers, it’s the first proof-of-stake mining algorithm that’s been mathematically proven to be secure.
How proof of stake works
Most cryptocurrencies use “proof of work” mining, in which miners compete to solve problems, produce the next block and win a reward for doing so. By contrast “proof of stake” mining works by picking a semi-random stakeholder to solve the next block, with larger stakeholders (contributors with more ADA) more likely to be chosen.
This can potentially offer quicker and cheaper transactions, plus the benefits of being more energy-efficient.
The problem is finding a truly reliable and random way to pick the stakeholder to make a block. According to its developers, Ouroboros solves this problem.
Cardano is entirely open source and patent-free. All its source code is publicly available for scrutiny. People interested in Cardano may find that this not only assists development but also means any problems can be highlighted quickly. It’s also fronted and developed by some publicly accessible and widely known names.
The developers claim that Cardano is purpose-built to be the only cryptocurrency the world needs, offering an exceptional range of features and usefulness. In particular, it’s designed to work well with regulations and to be accessible to almost anyone, with the ability to tweak functionality to suit local laws and regulations.
Despite Cardano’s lofty goals, it faces stiff competition. Since Cardano began in 2015, many new blockchains have come online with similar goals and are already capable of onboarding users while Cardano’s development lags behind by comparison.
The implementation of the Goguen mainnet in 2021 is likely to be a pivotal moment for Cardano, with the addition of smart contracts and dApps giving it a real chance to compete in the now saturated smart contract (base-layer) market.
Read our comprehensive guide to the Aeternity smart contract platform and how to buy Aeon (AE), Aeternity’s native currency.
A comprehensive overview of cryptocurrency stablecoins, including how they work, what they’re used for and why they’re important.
Your detailed guide to cryptocurrency trading bots, how they work and the benefits and risks you need to consider when choosing a crypto trading bot.
It’s possible to make money from cryptocurrency without just buying low and selling high. Here’s how.
Find out what this simple and affordable entry-level hardware wallet can offer.
Our how to buy guide will let you in on what you need to know about buying, selling and trading BSV.
Learn more about the DOT cryptocurrency in this beginner’s and buyer’s guide.
Learn more about the BNT cryptocurrency in this beginner’s and buyer’s guide.
If you’re looking for ways to gain exposure to bitcoin and other digital currencies, cryptocurrency ETFs could be worth exploring. Find out what crypto ETFs are and how they work in this introductory guide.
LocalMonero is a global peer-to-peer marketplace where users can buy and sell Monero (XMR) using their local currency. Find out how the platform works in this detailed guide.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.