Cardano (ADA)
What is Cardano?
Cardano is a sustainable, scalable, and secure blockchain built using peer-reviewed research and scientific methods.
Here are 5 key points about Cardano:
Ouroboros proof-of-stake: An energy-efficient consensus mechanism that underpins Cardano’s security.
Two-layer architecture: The Cardano Settlement Layer (CSL) handles ADA transactions, while the Cardano Computation Layer (CCL) powers smart contracts and dApps.
High throughput: Designed for fast, low-cost transactions with cross-chain capability.
Eco-friendly: Cardano is aligned with sustainable and low-energy blockchain initiatives.
ADA token: Used for transaction fees, staking, governance, and interacting with dApps.
Cardano on Wraith Wallet
With Wraith Wallet, you can:
Buy ADA directly with debit/credit cards.
Store ADA securely.
Send and receive ADA natively.
How to enable Cardano in Wraith Wallet
Tap Manage Token List at the bottom of the main screen.
Search for Cardano or ADA.
Slide the toggle to the right to enable it.
Your Cardano wallet will now be visible on the main screen.
How to get Cardano (ADA)
Buy ADA directly within Wraith Wallet.
Receive ADA using your unique Cardano address in-app.
📌 Additional info:
When you buy ADA, tokens are automatically delivered to your wallet address.
No memo is required.
There are no minimum deposit requirements.
How to send Cardano (ADA)
Tap Send and enter the recipient’s address (manually or via QR scan).
Enter the amount of ADA you want to send.
Adjust the Network Fee if necessary.
Tap Confirm to broadcast the transaction.
⚠️ Before confirming:
Ensure the recipient’s address is correct.
Verify if a memo is required (usually not).
Keep enough ADA to cover transaction fees.
Transaction fees on Cardano
Low and predictable: Cardano fees are based on a fixed base cost plus a variable fee depending on transaction size.
No arbitrary gas fees: Ensures fairness and avoids unpredictable spikes during congestion.
Checking balances
Wraith Wallet connects directly to the Cardano blockchain to display your balance. You can also view transactions in-app and select View on Cardanoscan for full history.
Cardanoscan is the default explorer integrated with Wraith Wallet.
Why choose Wraith Wallet for Cardano?
User-friendly: Suitable for both beginners and advanced users.
Self-custody: You control your private keys and assets.
Cross-platform: Accessible across devices for convenience.
Transparent: Built on open-source code.
Summary Cardano is a research-driven blockchain that combines efficiency, scalability, and sustainability. With Wraith Wallet, you can buy, send, and manage ADA securely while enjoying the benefits of Cardano’s innovative ecosystem.
[Previous: Polkadot (DOT)] [Next: Abstract (ETH)]