What is Cardano
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.
The native currency of Cardano block chain is Ada. When you send Cardano to your friends through Thankfully.me, you are sending them Ada.
What is Cardano Wallet
Cardano wallet is essentially a tool that enables you to interact with the Cardano blockchain. That way you are able to send, receive and store Cardano's native cryptocurrency Ada.
To be able to send and receive Ada (aka Cardano) using Thankfully, you first need to create a Cardano Wallet.
How to Create Cardano Wallet
Create Cardano Wallet Using Yoroi
The easiest way to create a Cardano wallet is by using a tool called Yoroi.
Yoroi has a Google Chrome extenstion which is a lightweight wallet that launches quickly, allowing users to start sending or receiving Ada in minutes.
1. Install Yoroi Google chrome extension to your browser. Yoroi chrome extension.
2. Launch the chrome extension to create a new wallet.
- Click Add New Wallet > Select Create Wallet
- Choose Cardano > Create Wallet
- Specify Wallet Name and Spending Passsword
- Follow the next steps until wallet creation is complete.
3. REMEMBER THE RECOVERY PASSPHRASE.
You will need it on next steps for staking Ada to Sunshine Stake Pool
Funding your Cardano wallet from an exchange account.
If you are new to crypto currency, one way you can buy crypto currency coin such as Ada (aka Cardano) is creating an account from exchanges such as Coinbase, Binance or Coinspot.
When you bought Ada from the exchange, you can move the Ada from the exchange to your wallet.
Simply identify your the wallet address of your Cardano wallet, and make a transfer from the exchange to the wallet address.