$ADA

### ADA (Cardano)

ADA is the native cryptocurrency of the Cardano platform, a third-generation blockchain project founded by Charles Hoskinson, co-founder of Ethereum. Launched in 2017, Cardano was designed to solve scalability, interoperability, and sustainability issues faced by other cryptocurrencies. ADA is used to conduct transactions on the Cardano network, participate in smart contracts, and vote on governance proposals. The platform utilizes a consensus algorithm called Ouroboros, which is more energy-efficient than traditional Proof of Work. Cardano aims to create an inclusive and accessible financial ecosystem, especially for developing countries, promoting innovation and decentralization.