$ADA
ADA is the digital currency of the Cardano platform, one of the leading blockchain projects that focuses on sustainability, scalability, and security. Cardano was founded in 2017 by Charles Hoskinson, one of the co-founders of the Ethereum project, and it relies on a Proof of Stake algorithm instead of Proof of Work, making it more energy-efficient.
Cardano aims to provide a platform for developing smart contracts and decentralized applications, with a strong emphasis on academic research and scientific rigor before launching any updates. Cardano is developed in phases, with each phase aimed at improving a specific aspect of the network such as decentralization, interoperability, and governance.
ADA is used within the network as a means to pay fees and incentivize validators to secure the network, and it can also be stored and earn profits through staking. ADA is among the top ten cryptocurrencies by market capitalization at various stages and has seen significant increases during bullish trends in the cryptocurrency market.
Thanks to its focus on academic development and solving issues of the first and second generations of blockchain, Cardano is considered a promising project for the future of decentralized technologies.
