$ADA

ADA is the native cryptocurrency of the Cardano blockchain, a decentralized and scalable platform founded by Charles Hoskinson. Designed for security and sustainability, ADA enables smart contracts, decentralized applications (dApps), and staking. Unlike Bitcoin’s proof-of-work (PoW), Cardano uses a proof-of-stake (PoS) mechanism called Ouroboros, making it energy-efficient. ADA holders can participate in network governance and earn rewards by staking. Cardano’s layered architecture enhances scalability and security. With ongoing upgrades like Hydra for faster transactions, ADA aims to compete with Ethereum in the DeFi and NFT space. It remains a top cryptocurrency with strong potential for future adoption