$ADA

ADA – A research-oriented and sustainable long-term blockchain platform

ADA is the native token of Cardano, a third-generation blockchain developed with a scientific philosophy, utilizing academic research methods and peer-reviewed assessments. Cardano aims to address the limitations of Bitcoin and Ethereum such as scalability, transaction costs, and sustainability.

Based on the Proof of Stake consensus mechanism (Ouroboros), ADA allows users to stake to validate transactions and earn rewards while saving energy compared to PoW blockchains.

Cardano strongly focuses on DeFi, digital identity, and smart contracts, especially in emerging markets like Africa. Although the price of ADA fluctuates with market cycles, in the long run, Cardano remains a well-structured and solid foundation.