$ADA
What is the ADA currency?
The ADA currency is the native payment method on the Cardano network and is used for:
• Paying transaction fees.
• Participating in the Proof of Stake mechanism (Staking).
• Voting on future network development decisions (Decentralized Governance)
Advantages of ADA currency:
1. Environmentally friendly:
Due to the use of PoS, it consumes much less energy than Bitcoin or Ethereum (before the upgrade).
2. Potential profit from staking:
Users can earn passive income by delegating their coins to stake pools.
3. High security thanks to academic design:
Cardano was developed using scientific research and mathematical methodologies