$ADA

Cardano (ADA) is a decentralized, open-source blockchain platform designed to support smart contracts and decentralized applications (dApps). Founded by Charles Hoskinson, one of Ethereum’s co-founders, Cardano aims to create a scalable, secure, and sustainable ecosystem for financial and social applications. Built on a proof-of-stake consensus mechanism called Ouroboros, it offers energy-efficient transaction validation and enhanced network security. ADA is the native cryptocurrency of the Cardano network, used for staking, transaction fees, and governance. The platform prioritizes academic research and peer-reviewed protocols, ensuring continuous innovation and stability. Cardano’s mission is to drive financial inclusion and decentralized services worldwide through advanced blockchain technology.