$BTC rency for the Cardano blockchain platform. It's used to pay transaction fees, secure the network, and participate in governance.

What is ADA used for?

Transaction fees: ADA is used to pay fees for transactions on the Cardano network.

Staking: ADA holders can stake their coins to help secure the network and earn rewards.

Governance: ADA holders can vote on proposals that affect the platform's future.

Smart contracts: ADA can be used in smart contracts.

Decentralized finance: ADA can be used in decentralized finance (DeFi) applications.

NFT marketplaces: ADA can be used to create and buy non-fungible tokens (NFTs).

How was ADA created?

Cardano was launched in 2017 by Charles Hoskinson and Jeremy Wood.

The Cardano mainnet was launched two years after a successful Initial Coin Offering (ICO) in 2015.

The ADA token is named after Ada Lovelace, a 19th-century mathematician who is often considered the first computer programmer.