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What is Cardano?

Cardano (ADA) was launched in 2017 by Canadian Charles Hoskinson along with the software developers at Input Output Global (IOG).

It is a permissionless layer-one blockchain that was named after mathematician Ada Lovelace. Known for its research-driven approach, the chain relies on peer-reviewed academic papers to guide its development. ADA, is the native token used for transactions and staking.

The network’s layered design supports decentralized applications (dApps), smart contracts, and decentralized finance (DeFi). Governance is shared with the Cardano Foundation, allowing ADA holders to vote on protocol updates.

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Create an account in a matter of minutes, and start buying Cardano and more on your phone or computer.

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How does Cardano work?

Overview

Using a two-layer architecture network separates transaction processing from smart contract execution. The Cardano Settlement Layer (CSL) handles ADA transactions, while the Cardano Computation Layer (CCL) runs smart contracts and dApps. The token supply is capped at 45 billion, with new tokens released through staking rewards. Its structured development process prioritizes scalability and sustainability for global financial and governance applications.

Consensus Mechanism

Cardano uses a proof-of-stake consensus model called Ouroboros. ADA holders stake tokens to participate in block validation, selecting slot leaders to propose blocks. Validators earn rewards for honest participation, while malicious or offline behavior risks stake penalties. This incentivizes network security and efficiency, requiring minimal energy compared to proof-of-work systems.

Transaction Processing

The CSL processes ADA transfers between addresses, while the CCL executes smart contract logic for dApps. Cardano handles approximately 10-20 transactions per second (TPS), with transactions typically confirmed in between 20-30 seconds. Full economic finality, ensuring near-irreversible transactions, is achieved in about 20 minutes, verified by stake-based slot leaders.

Network Security & Ledger

Blocks are cryptographically linked to prior blocks, ensuring ledger immutability. Altering past records requires controlling over 51% of staked ADA, which is economically impractical due to staking penalties and validator costs. Peer verification by thousands of stake pools maintains trust and security without a central authority.

Environmental Impact

The network consumes approximately 0.006 TWh of electricity annually. ADA is meeting its  sustainable and eco-friendly operational goals and is an energy-efficient chain.

Additional Features

The governance model lets ADA holders vote on protocol changes and funding proposals. Its layered architecture enhances scalability and flexibility for DeFi, NFTs, and tokenized assets. The network supports native tokens, allowing custom assets without smart contracts, and its Plutus platform enables secure, scalable dApp development.

ADA to CAD: Conversion rates

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How to buy Cardano on Newton

1. Create an account. Most new users are quickly reviewed within a matter of minutes. You can also enable 2-factor authentication for stronger security.

2. Connect your bank account and use e-transfers to instantly fund and withdraw on Newton, a regulated crypto platform.

3. Start buying and selling crypto from your web browser or mobile device. Be aware of cryptocurrency volatility.

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ADA to CAD: FAQ

How do I convert ADA to CAD?

You can use our ADA to CAD calculator at the top of this page to convert any amount of ADA into Canadian Dollars.

Prefer viewing a quick reference guide? Scroll up to check out our asset conversion tables that are populated with the most common conversions. For example $5 CAD is equal to approximately ... ADA, while 5 ADA is worth about ... CAD.

Can I use CAD to buy Cardano (ADA)?

Canadians can legally buy, hold, spend, or sell Cardano (ADA) through regulated crypto platforms like Newton or through decentralized peer-to-peer networks.

How much is 1 Cardano in CAD?

Today, Cardano is valued at ... .

How much Cardano can I get for $1 CAD?

At the current exchange rate, 1 Canadian Dollar equals ... ADA.

How much Cardano can I buy?

You can buy as much Bitcoin (BTC) as your available account balance and individual risk tolerance allow, since there is no maximum limit. Use our converter to estimate the exchange rate. Or start with as little as $10 CAD, which is the minimum deposit amount.