🔷 Cardano
🔹$ADA is the digital currency of the Cardano platform
🔹Named ADA after the mathematician Ada Lovelace
🔹Used within the Cardano network to pay transaction fees, participate in the staking verification mechanism, and govern the network
🧠 What is the Cardano Project?
🔹Cardano is a third-generation blockchain project, launched in 2017
🔹Aims to provide a decentralized, secure, and scalable smart platform, with a strong focus on academic research and studied programming
🔹Developed by IOHK, led by Charles Hoskinson, one of the co-founders of Ethereum
📌 Key Features of Cardano:
🔹Scientific and Academic Foundation
The project is built on peer-reviewed scientific research, which makes it unique in this field
🔹Proof of Stake - Ouroboros mechanism reduces energy consumption compared to Proof of Work mechanisms like Bitcoin
🔹Support for Smart Contracts
With the “Alonzo” upgrade, Cardano now supports smart contracts to run decentralized applications dApps
🔹Gradual Updates
The project is divided into 5 phases: Byron, Shelley, Goguen, Basho, Voltaire for integrated and systematic development
💼 Uses of ADA:
🔹Verification and confirmation of transactions through staking
🔹Running decentralized applications
🔹Governance: to participate in voting on development proposals
📊 Is investing in ADA suitable?
🔹 Cardano is considered one of the most serious and organized projects.
🔹 Competes with projects like Ethereum and Polkadot
🔹 The market should be studied well before investing
