$ADA
ADA is the native cryptocurrency of the Cardano blockchain, a decentralized platform known for its scalability, security, and sustainability. Founded by Charles Hoskinson, co-founder of Ethereum, Cardano uses a proof-of-stake consensus mechanism called Ouroboros, which is energy-efficient and eco-friendly. ADA facilitates transactions, smart contracts, and decentralized applications (dApps) on the network. Its layered architecture separates the settlement and computation layers, enhancing flexibility and security. Cardano emphasizes peer-reviewed research and a rigorous scientific approach, making it unique in the blockchain space. ADA is widely used for staking, governance, and transactions, aiming to promote financial inclusion and decentralized innovation globally.
