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#ADA Cardano (ADA) - A Simple Guide for Binance Square
Cardano is a blockchain platform designed to be secure, scalable, and sustainable. Its native token, ADA, powers the network and is used for transactions, staking, and governance. Here's what you need to know in simple words:
What is Cardano? A third-generation blockchain (after Bitcoin and Ethereum) focused on solving issues like high energy use, slow transactions, and scalability. It uses a unique Ouroboros Proof-of-Stake (PoS) system, which is energy-efficient compared to Bitcoin’s Proof-of-Work.
ADA Token: Named after Ada Lovelace, a 19th-century mathematician, ADA is Cardano’s cryptocurrency. It has a maximum supply of 45 billion tokens, with about 35.15 billion currently circulating.
Key Features:
Eco-Friendly: Uses minimal energy for transactions.
Scalable: Can handle many transactions with upgrades like Hydra.
Smart Contracts: Supports decentralized apps (dApps) and tokenized assets.
Governance: ADA holders can vote on network decisions.
Recent News: Cardano partnered with Atómico 3, Zengate, and Alto Grande to launch the world’s first lithium tokenization project in Argentina (Q1 2025), turning lithium ownership into tradable digital tokens on its blockchain.
Price & Market: As of May 1, 2025, ADA’s price is around $1.08, with a market cap of ~$38 billion and a 24-hour trading volume of ~$2.44 billion.
Why It Matters: Cardano’s focus on research-driven development, security, and real-world use cases (like tokenizing assets) makes it a strong player in crypto.
Midnight Airdrop: ADA holders will get a share of $NIGHT tokens in the upcoming Midnight blockchain airdrop, a privacy-focused project by Cardano’s team.
Fun Fact: Cardano was founded by Charles Hoskinson, a co-founder of Ethereum, to create a better blockchain for the future
