$ADA ADA is the native cryptocurrency of Cardano, a blockchain platform focused on security, scalability, and sustainability for the development of decentralized applications (dApps) and smart contracts.

🚀 Cardano Highlights

Academic development: Unlike other blockchains, Cardano is built on peer-reviewed research and scientific methods.

Proof of Stake (PoS): It uses a protocol called Ouroboros, one of the first provably secure PoS systems. This makes the network more energy-efficient than blockchains like Bitcoin (which uses Proof of Work).

Phased updates: The project is divided into five eras: Byron, Shelley, Goguen, Basho, and Voltaire, each with specific goals for the evolution of the network.