Get Started | Cardano Developer Portal (2024)

Get Started | Cardano Developer Portal (1)

Welcome to the Cardano Developer Portal. This content is for technical people; if you are looking for a Cardano wallet please head to the showcase section.

It is noteworthy to mention that the Developer Portal covers everything you can do today on the Cardano mainnet.

What is Cardano?

Cardano is a collection of open-source, patent-free protocols. It's a platform that enables you to store, transform, and manage value, identity, and governance. Cardano follows research not opinions or bias.

How did it start?

Cardano started as a significant research and development project in 2015, and it took almost two years of research to get to a position to start writing code.

The purpose of Cardano was to ask: How can we build a sustainable financial and social operating system for billions of people? What collections of technologies do we need to bring together to get everything at an affordable cost?

Besides cryptographic research, there was game-theoretic research, identity-management research, and programming-language research. This academic rigor process produced more than 100 academic papers. Most were accepted in cryptography conferences like Eurocrypt and Asiacrypt and went through the standard peer-review process. For example, the paper “Ouroboros: A Provably Secure Proof-of-Stake Blockchain Protocol” was one of the most cited security papers from 2015-2019.

What you need to bring

To get the most out of the Cardano Developer Portal, you should have programming experience and a basic understanding of blockchain concepts of Cardano such as UTxO, transactions, addresses, key derivation, and networking.

If you are unfamiliar with these terms, start with technical concepts, and you can complete the stake pool course afterward. It will also help you understand basic concepts, even if you don't want to run a stake pool.

Cardano is different

If you have experience with other smart contract platforms and want to start building on Cardano, it is vital to know its differences:

  • It makes sense to get your head around the concept of UTxO and later the extended UTxO model.
  • Tokens on Cardano are not built with smart contracts. Instead, tokens are native and live on the ledger. The protocol treats them as first-class citizens, like ada. It is quite different from our peers that don’t have native tokens and need to use a smart contract to send tokens.
  • Native tokens use the core infrastructure, and the network has to do everything else instead of running a smart contract and calling a method called 'transfer'. On Cardano, you are sending a standard transaction. This removes a layer of extra complexity and the risk of human mistakes, as the ledger handles all token-related functions.
  • Smart contracts work different on Cardano because of the eUTxO model. Misconceptions were floating around suggesting that Cardano only supports one transaction per block.

What you can do on Cardano today

  • You can send and receive native tokens, including ada.
  • You can delegate your ada to one of the existing pools and earn rewards.
  • You can vote with your ada to distribute over a billion dollars worth of ada from the treasury to fund community-driven proposals on Project Catalyst.
  • You can earn ada rewards by voting on proposals.
  • You can participate in the Cardano Improvement Proposals (CIP) process.
  • You can interact with smart contracts.

Why build on Cardano?

  • Cardano offers a better infrastructure to build products because it is faster, more secure, and cost-effective.
  • Cardano offers accurate cost predictability when it comes to transactions. There are no auctions for transaction fees.
  • Cardano has an energetic community and more than two million wallets. If you stick to specific standards, we are keen to try out and engage with new products. Participating now makes you a first mover.
  • Cardano brings its venture fund. If you build on Cardano you can get your project funded. Every 6 to 8 weeks, projects can be proposed, discussed, and voted on by the Cardano community.
  • Cardano is a proof-of-stake blockchain. By design, it consumes much less energy and computational power.
  • Cardano is built with the rigor of high-assurance formal development methods. The consensus mechanism Ouroboros was delivered with several peer-reviewed papers presented in top-tier conferences and publications in cybersecurity and cryptography. If you build on Cardano, you build on this foundation.

What you can build on Cardano today

  • You can integrate Cardano into existing websites and services.
  • You can issue native tokens and NFTs.
  • You can add metadata to transactions to give transactions a story, a background or even an identity.
  • You can prove the existence of a file, text or any other data at a specific point in time with transaction metadata. You can even use transaction metadata to validate and verify external physical products and genuine articles.
  • You can setup, manage and maintain a stake pool on Cardano.
  • You can create smart contracts.
Get Started | Cardano Developer Portal (2024)

FAQs

How much do Cardano developers make? ›

Salary expectations for Cardano developers can vary depending on factors such as experience, location, and company size. Given that Blockchain Developers earn ~$100k on average (rising to $240k), a Cardano developer would expect to be paid a similar amount.

How to become a Cardano developer? ›

Learn Functional Programming and Haskell

To become a proficient Cardano developer, it is essential to grasp the fundamentals of functional programming and gain expertise in Haskell. Start by learning the basics of functional programming concepts such as immutability, purity, higher-order functions, and recursion.

How to start Cardano? ›

You will first need to choose and create a Cardano wallet and get some ada.
  1. Explore different Cardano wallet products and get the one that best suits your needs. ...
  2. Explore and choose a cryptocurrency exchange (in your jurisdiction) to get some ada.

What do you need to know about Cardano? ›

Cardano (ADA) is a decentralized proof-of-stake (PoS) blockchain created as an efficient alternative to proof-of-work (PoW) networks. It aims to evolve into a multi-use case system, governed by those who have staked their cryptocurrency.

How much ADA to be a millionaire? ›

To amass $1 million at this price, an investor would need 200,000 Cardano (ADA) tokens. A notable market analyst, bullish on Cardano (ADA), predicts a potential surge to $10, citing Cardano (ADA) advancements and potential 40x growth.

Will Cardano reach $20? ›

Will Cardano reach $20? For Cardano's ADA to reach $US20, its market capitalisation would have to be around $US700 billion (which is $US20 multiplied by its circulating supply of 35,045,020,830 ADA).

How much can I earn with Cardano? ›

This means that, on average, stakers of Cardano are earning about 2.00% if they hold an asset for 365 days. 24 hours ago the reward rate for Cardano was 2.01%. 30 days ago, the reward rate for Cardano was 1.99%. Today, the staking ratio, or the percentage of eligible tokens currently being staked, is 63.56%.

How to earn Cardano for free? ›

Cardano $ADA airdrops involve the distribution of free tokens to existing cryptocurrency holders or users who complete specific tasks. These tasks can range from joining social media channels to interacting with decentralized applications (DApps).

How can I make money with ADA? ›

For many traders and investors, staking is a way of earning rewards by simply holding Cardano. Certain cryptocurrencies, including Cardano, allows staking. This means that you can “stake” some of your Cardano holdings and earn a reward over time in exchange for allowing the blockchain to put your Cardano to work.

What is Cardano for beginners? ›

Cardano is a blockchain platform that uses proof-of-stake consensus to verify and validate transactions on the network. ADA is the native token of the Cardano network, the digital currency that facilitates transactions on the blockchain.

Is it profitable to invest in Cardano? ›

The investment potential of Cardano depends on several factors, such as individual risk tolerance, investment objectives, and market conditions. Many experts believe Cardano is an undervalued investment with significant growth potential in the coming years due to its wide range of applications.

What is the easiest way to stake Cardano? ›

3 best Cardano staking platforms
  1. Daedalus. Developed by the Cardano team, Daedalus is the official desktop crypto wallet for Cardano. ...
  2. Yoroi. Yoroi is a lightweight and user-friendly wallet for staking ADA coins. ...
  3. Exodus Wallet.

Which crypto will boom in 2024? ›

Top 10 Cryptos in 2024
CoinMarket CapitalizationCurrent Price
Solana (SOL)$69 Billion$154.53
Ripple (XRP)$28.4 Billion$0.5131
Dogecoin (DOGE)$23.8 Billion$0.1653
Tron (TRX)$10.1 Billion$0.1152
6 more rows

Does Cardano have a future? ›

Cardano ADA Overview

According to our Cardano price prediction, ADA price is expected to have a -1.71% decrease and drop as low as by May 05, 2024. Our analysis of the technical indicators suggests that the current market feeling is Bearish Bearish 66%, with a Fear & Greed Index score of 48 (Neutral).

Is Cardano really that good? ›

As a blockchain platform, Cardano has a lot of potential. It's eco-friendly and has all kinds of applications, including DeFi and NFTs. It has built some great partnerships so far that demonstrate the different uses it offers. You can also stake Cardano to earn more ADA tokens, which is an added benefit if you buy it.

How much do crypto developers make? ›

How much does a Blockchain Developer make? As of Apr 26, 2024, the average annual pay for a Blockchain Developer in the United States is $111,845 a year. Just in case you need a simple salary calculator, that works out to be approximately $53.77 an hour. This is the equivalent of $2,150/week or $9,320/month.

Will Cardano reach $10? ›

Crypto analyst Ali Martinez, believes Cardano (ADA) might reach $10, echoing the cryptocurrency's past bullish trends. With the total market cap of cryptocurrencies revisiting the $2.5 trillion mark, a level last seen in 2021, Cardano, despite its lagging performance, is showing signs of potential explosive growth.

Will Cardano reach $50? ›

Reaching $50 requires an 8,169% surge for the digital asset. Changelly's analysts believe ADA will reach this target just before 2040, as they have set a minimum target of $55.65 for January 2040. However, Telegaon has a maximum price of $45.87 for 2050, suggesting ADA might not reach $50 before 2050.

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