$ADA ADA Coin (Cardano) - 100 Words
ADA is the native cryptocurrency of the Cardano blockchain, a decentralized, proof-of-stake (PoS) platform developed to offer a more secure and scalable alternative to proof-of-work (PoW) blockchains like Bitcoin. Named after Ada Lovelace, a 19th-century mathematician, ADA powers Cardano’s ecosystem by enabling peer-to-peer transactions and participation in governance. Cardano emphasizes academic research and peer-reviewed development, with a layered architecture separating settlement and computation. It supports smart contracts and decentralized applications (dApps). ADA holders can stake their coins to help maintain the network and earn rewards. Its long-term goal is to drive financial inclusion and innovation globally.
