#FOMCMeeting ADA Coin: A Quick Overview

ADA is the native cryptocurrency of the Cardano blockchain, a third-generation platform focused on scalability, sustainability, and interoperability. Unlike many blockchains, Cardano uses a proof-of-stake consensus mechanism called Ouroboros, making it more energy-efficient than proof-of-work systems like Bitcoin.

Founded by Ethereum co-founder Charles Hoskinson, Cardano emphasizes a research-driven approach, using peer-reviewed academic work to guide development. ADA can be used for transactions, staking, and governance within the Cardano ecosystem.

As blockchain tech evolves, ADA remains a strong contender for decentralized applications and financial systems of the future.