Cardano (ADA): Now in Exscudo Ecosystem

Ivan Skladchikov
October 2, 2020
Cardano added to the Exscudo Ecosystem

We’re excited to announce that Cardano (ADA) is now available in the Exscudo Ecosystem. You will find the new currency in the Channels app in the Wallets tab.

Now you can exchange, hold, or Send Cardano to other Channels users near-instantly with next-to-zero network fees. Of course, it’s also possible to send outgoing transactions to outside addresses. Note that in that case, the commission and processing time will depend on the external blockchain, so it will be slower and more expensive versus just using Channels ?

What is Cardano (ADA)?

Named after Ada Lovelace, a 19th Century Mathematician, who many consider being the first computer programmer, ADA is a native currency of Cardano blockchain — a platform for decentralized applications.

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.

To add Cardano: ?

  • Download the Channels App if you haven’t already and complete identity verification;
  • Open the “wallets” tab;
  • Select “create new wallet”, “Cardano” and tap “Receive”;
  • Specify the amount and copy the Channel’s wallet address or use the QR code to make a transaction with your software of choice.

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