ADA is the digital currency of the Cardano platform, which is a decentralized blockchain developed to provide a more secure and efficient financial and technical system. Cardano is designed using a scientific approach based on academic research and evidence-based development, making it one of the most advanced blockchain projects.
Cardano uses a consensus mechanism known as Proof of Stake (PoS), called Ouroboros, making it more energy-efficient compared to systems that rely on Proof of Work (PoW), such as Bitcoin.
ADA is used to pay transaction fees, secure the network through a Staking system, and enable smart contracts and decentralized applications (dApps) that run on Cardano. It also aims to improve access to financial services, especially in areas with weak banking infrastructure.
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