$ADA
Cardano (ADA) is a third-generation blockchain platform founded in 2015 by Charles Hoskinson, co-founder of Ethereum. It employs a unique two-layer architecture: the Cardano Settlement Layer (CSL) for secure transactions and the Cardano Computation Layer (CCL) for smart contracts and decentralized applications (dApps) . Utilizing the Ouroboros proof-of-stake consensus mechanism, Cardano offers enhanced scalability, security, and energy efficiency compared to traditional proof-of-work systems . ADA, the native cryptocurrency, is used for transaction fees, staking, and governance within the ecosystem .
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As of June 14, 2025, ADA is trading at $0.6237 USD, reflecting a 2.48% decrease from the previous close.
#Cardano #ADA #Blockchain #Cryptocurrency #SmartContracts #ProofOfStake
