secux cardano wallet ada

SecuX’s Cardano Wallet Makes Managing Your ADA Easy

secux cardano wallet ada

 

SecuX’s Cardano Wallet Makes Managing Your ADA Easy

A seamless Cardano wallet by SecuX makes managing your Ada cryptocurrency a breeze–especially for staking, governance, and more!

If you’re like 16% of Americans, you probably have a few different cryptocurrencies saved up in hardware wallets. It can be tough to keep track of them all – especially when the market constantly changes.

SecuX makes it easy to achieve peace of mind while navigating the cryptocurrency landscape. If you’re invested into the Haskell-designed blockchain called Cardano, but are looking for a secure, hardware wallet that is completely compatible with all things Ada, here’s what you need to know.

Table of Contents

What are the goals of the Cardano/IOHK project?

Ada is the official cryptocurrency of the Cardano project. This open-source blockchain project is designed to deliver a secure, scalable cryptocurrency that you can use for practical use cases.

iohk cardano project
Logo mashup for Input / Output Global, the blockchain infrastructure and research team behind the Cardano project.

The Ada coin was created by the nonprofit Cardano Foundation, with input from IOHK and Emurgo.

Cardano has made ground-breaking strides in the cryptosphere for several reasons, including chasing the goals of:

High-scalability

Cardano’s blockchain aims to leverage Hydra to process 1 million transactions per second.

That’s roughly 40x more than major credit card retailers!

Security and safety

Ada offers unmatched protection with their Ouroboros proof of stake consensus mechanism. Ouroboros is the only mathematically-provably secure and cryptographically-sound consensus mechanism.

Interoperability

Because its code is based on Haskell, a functional programming language, it can connect with other blockchains.

This function makes Cardano especially involved in decentralized applications and Web3 platforms!

Launched in 2015, Ada has rapidly become one of the most popular cryptocurrencies. As of January 2022, its market cap is nearly $37 billion…and rising!

Although the project’s market cap took a hit during last year’s market crash, all signs point to Ada raising back up alongside Bitcoin and other popular cryptocurrencies.

How can I store Ada in my SecuX Cardano wallet?

As you may know, there are two types of cryptocurrency wallets: hardware wallets and software wallets.

A software wallet is a digital wallet with an address, private key, and public key associated with it. You can access your wallet using a device connected to the internet (e.g., computer, phone).

With a hardware wallet, your private keys are stored in the hardware device itself. This is unlike a software wallet where your private keys may be saved online! These devices can be connected to a computer or internet-enabled mobile device, but won’t accessible by the second device.

Which is better?

Although the convenience of software wallets is tempting, hardware wallets offer superior security. So in reality, while neither is better than the other, we recommend that cryptocurrency investors do everything in their power to protect their investments.

If you’re looking for maximum security, then using a hardware wallet is certainly the way to go.

Why you shouldn’t leave your Ada on exchanges

Another option for storing your cryptocurrency is simply leaving it on the exchange where you bought it.

Unfortunately, this isn’t the most secure choice available to keeping your digital asset investments safe.

If you leave your cryptocurrency on the exchange, they’re vulnerable to hackers, bankruptcies and you might not get it back if something goes wrong!

Additionally, as long as your digital assets are being stored on the exchanges themselves, they essentially custody your coin instead of you.

In the case that a government orders the freezing of your crypto assets, if they are located on an exchange, you might be out of luck.

So, why choose SecuX’s Cardano wallet?

SecuX’s Cardano wallet is a state-of-the-art device that can store and protect your cryptocurrency without weighing you down or compromising on security!

The wallet’s design ensures maximum protection from cyber threats by requiring two-factor authentication as well as a litany of other crypto security features.

Our stylish hardware features the largest touch screen on the market, military-grade tamper-proof seals, and a sleek design you’ll love. With a SecuX wallet, you’ll enjoy peace of mind in managing your Cardano assets with ease and at the access of your fingertips!

With world-class security comes unmatched convenience, which is why we’ve designed our wallet to support 1000+ cryptocurrencies.

You will be able to access each of the crypto wallet functions available to Cardano through SecuX’s Ada Portal. This online portal is only accessible using your SecuX wallet device.

Thus, you will be able to manage your portfolios, transfer funds, and authorize transactions and more without the headache of hackers and compromising your privacy.

Of note, your Cardano asset portfolio will not show up on the SecuX device automatically. Transactions must be authorized through the Ada Portal, and will only show on the ledger after you have approved them.

cardano wallet secux portal Managing your assets on our Cardano wallet compatible cryptocurrency storage devices allows for sending/receiving Ada, staking, and even delegation to Cardano stake pools.

This feature ensures that no unauthorized transactions can go through from your wallet, and no modifications can be made to your Ada once authorized.

How can I participate in Ada stake pools via my SecuX wallet?

Staking Ada is a great way to help decentralize the Cardano blockchain, and earn yield while doing it!

You simply need to deposit your Cardano into your SecuX wallet and let it do its work.

The first step is transferring some Ada from an exchange or other portfolio onto your SecuX hardware wallet. You can also use your SecuX device to cast a vote (equivalent to sending 1 Ada).

Once your transactions appear on your SecuX Cardano wallet, they cannot be modified or changed. Once they are signed and authorized on the SecureX Portal, the staked Cardano funds will automatically show up in your portfolio.

How to participate in Cardano governance with your SecuX wallet

To play a part in pushing Ada forward by participating in Cardano governance proposals, you’ll first need to deposit some Ada into your SecuX wallet.

Your Ada will then be locked into the contract and cannot be traded for a predetermined amount of time. The longer you hold onto your Ada, the more weight you’ll have when it comes to voting on governance proposals. Although this process is relatively straightforward, you should still seek more information about the proposals before participating in Cardano governance.

We are open to helping you understand how the SecuX Cardano wallet works.

If you have any more questions, please contact us or take a peek at our FAQ page.

Final thoughts on Ada storage with SecuX

SecuX’s Cardano wallet solution offers the most competitive, all-in-one solution for protecting your Cardano assets. The wallet’s sleek design supports 1000+ other coins and tokens, which makes managing your portfolio easy and convenient.

With Cardano’s future looking so promising, you must take the proper steps to protect your investments. With SecuX, we’ll make that easy for you.

Feel free to browse our product section to find the SecuX wallet that’s right for you.

Sources

  1. https://secuxtech.com/howitworks/cardano-ada-web/
  2. https://cardano.org/