What is ADA (Cardano) Currency? š¹
ADA is the digital currency of the Cardano platform, which is one of the most prominent blockchain projects focusing on science and academic research to build a decentralized and secure system.
⨠Cardano was founded in 2017 by "Charles Hoskinson," one of the co-founders of Ethereum.
š± What sets it apart is that it uses a Proof of Stake mechanism, which is more energy-efficient compared to Proof of Work.
š§ Cardano relies on scientific research and incremental development, which gives the project credibility and long-term strength.
š ADA is used within the network for payments and for participating in network security through staking, and many people see it as a strong future-oriented project.
ā The Cardano project targets solutions for education, healthcare, and digital identity, especially in developing countries.