What is Ada (Cardano)?

Cardano is a decentralised technology built on "Oroborus""- A secure proof-of-stake protocol. Charles Hoskinson, an American developer and co-founder of Ethereum, launched Cardano in 2015. ADA is the native token of Cardano. Anyone from anywhere in the world can use ADA as an exchange of value on the Cardano blockchain, expelling the need for a third entity. The network records the transactions securely, keeping them anonymous. Cardano's main motive is to reduce the centralised process and provide a secure and dynamic platform to every sector, be it education, retail, agriculture, government, finance or health care, through its deadly seamless and scalable technologies.

How does Ada (Cardano) work?

ADA is the native token of Cardano technology. It operates on proof-of-stake consensus. The proof-of-stake consensus consumes less resources, unlike proof-of-work consensus, which involves cryptocurrency mining. Every ADA owner can stake ADA in the staking pool of the Cardano network to earn new ADA as a reward. The holders of the ADA possess decision-making rights in the Cardano network. When a transaction on the Cardano blockchain is executed, the validatory nodes of the network record it and interlope it into the block. It is an updated alternative to Ethereum and can be used for building Dapps and smart contracts. In June 2022, the Cardano network underwent the most important Vasil Hard Fork upgrade. This upgrade aimed to increase the scalability and usability of the Cardano blockchain.

How to Buy ADA in India?

There are many platforms where you can invest and trade ADA in India. One such platform is Flitpay. To buy ADA in INR, you have to sign up for the relevant application, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Through the linked bank account, deposit the amount of which you want to buy ADA and execute the ADA purchase.

You can instantly convert your INR to ADA and ADA to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

How do I convert ADA (Cardano) to INR on Flitpay?

Buying and converting ADA directly on Flitpay is a task of a few clicks using the Flitpay OTC platform. If you have already made an ADA purchase on Flitpay and want it to convert into INR, all you need to do is; sell it on Flitpay, and you will receive the INR in return. If you have your ADA holding in another exchange, you will have to deposit your crypto on Flitpay and then execute the selling process to convert ADA into INR.

To learn; how to deposit ADA or any other crypto from another platform, refer to the link.

You can easily withdraw your converted INR through the instant bank withdrawal service provided by Flitpay in a breeze.

FAQ

What is Cardano (ADA)?
Cardano (ADA) is a third-generation blockchain that works on smart contracts and supports the building of Dapps. Through its seamless technology, Cardano has opened broader aspects of the decentralized world. ADA is the native token of Cardano that can be used to execute transactions over Cardano Blockchain. 

What is the ADA price in India?
Check out the LIVE INR price of ADA in India on Flitpay.

Which is the best platform to buy ADA (Cardano) in India?
The best platform to buy Cardano (ADA) or your favourite cryptocurrencies is Flitpay. Flitpay supports instant UPI and bank deposits and withdrawals with a minimum deposit and withdrawal limit of INR 100.

Is it safe to invest in ADA (Cardano) in India?
Yes, investing and trading in Cardano (ADA) is Safe in India. Flitpay is one of the trusted platforms to invest in ADA in India. It offers the most real-time prices.

Can I buy ADA Directly at Flitpay?
Yes, You can buy ADA instantly at Flitpay with a minimum of INR 100.