ADA
ADA Cold wallet supported
Cardano (ADA) Wallet
Download Ownbit wallet to secure your ADA assets now! Cardano (ADA) Cold wallet is also supported. Your private key never touch the network, your assets will be kept with the hightest level of security.
About Cardano (ADA)
What is
Cardano is a decentralized, open-source smart contracts platform with a modular design and roots in scientifically-driven research and philosophy. The project’s development and growth are supported by the Cardano Foundation, the IOHK development team, the Emurgo organization. The project also receives contributions from a community of engineers, developers, and other global contributors.
Features
The Cardano network is based on an academically-conceived proof-of-stake (PoS) consensus mechanism called ‘Ouroboros’ that has been peer-reviewed, and the native currency of the network, ADA, can be stored and transferred using the Daedalus wallet.
Cardano is written in the programming language Haskell and is built in a multi-layered architecture. The base layer is the settlement layer of the network with the unit of account for ADA, which is linked to the ‘control layer’ that handles the smart contracts running on the network.
Token holders (i.e., ADA) can either directly stake, while online, or delegate their ADA to participate in the validation process of the network using the Daedalus or Yoroi wallets. Stake pool operators control delegated ADA corresponding to an on-chain certificate, but delegators still retain the monetary rights, and revenue generated, from their delegated ADA.
Cardano cites their Ouroboros PoS consensus mechanism as the first mathematically secure and peer-reviewed -- by academics -- PoS consensus algorithm.
Staking
Cardano (ADA) Staking is not yet supported in Ownbit.
Recovering
ADA does not support private key export for the time being. ADA assets can be recovered through mnemonic words in other wallets that support ADA (eg Huobi Wallet, adalite.io).
Note: The above mentioned 3rd party wallet only supports English mnemonic words. If you use Chinese (or other non-English) mnemonic words, you need to program recovery by yourself (generate Entropy through mnemonic words, the remaining logic is the same as recovery ADA assets by English mnemonic).
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