ADA is the cryptocurrency used in the Cardano network, one of the most prominent blockchain networks that aims to provide a reliable and secure platform for the development of decentralized applications and smart contracts. Cardano was launched in 2017 and was created by Charles Hoskinson, one of the co-founders of Ethereum.
ADA Features:
1. Decentralization and Security:
Cardano relies on the Proof of Stake algorithm to secure the network, which is considered more efficient than the Proof of Work algorithm used in Bitcoin. This contributes to reducing energy consumption and increasing the security of the network.
2. Sustainable Development:
Cardano focuses on the research and development methodology, where protocols and features are developed based on academic research and reviews by the scientific community. A gradual approach is followed in rolling out updates to ensure the stability of the network.
3. Smart Contracts and Decentralized Applications:
Cardano supports the development of smart contracts and decentralized applications thanks to the "Plutus" and "Marlowe" protocols. These tools allow developers to build applications on the Cardano network easily and efficiently.
4. Focus on inclusivity:
Cardano seeks to bring blockchain technologies to developing countries and communities with limited financial needs, contributing to financial inclusion.
