ADA is the native currency of the Cardano blockchain platform.
Launched in 2017, Cardano was created with the goal of being a more sustainable and scalable platform than the existing blockchains at the time, such as Bitcoin and Ethereum.
Cardano was founded by Charles Hoskinson, one of the co-founders of Ethereum.
The platform was developed by Input Output Hong Kong (IOHK), a blockchain research and development company.
Cardano was chosen in honor of the Italian mathematician Gerolamo Cardano.
ADA is named after Ada Lovelace, considered the first programmer in history.
Cardano is known for its scientific and research-based approach, focusing on security and scalability.
It uses a proof-of-stake consensus mechanism, which is more energy-efficient than the proof-of-work mechanism used by Bitcoin.
Cardano aims to provide a platform for the development of decentralized applications (dApps) and smart contracts, focusing on financial and governmental applications.
It seeks to solve problems encountered in other cryptocurrencies, such as scalability.
The launch of ADA occurred in October 2017.
Cardano undergoes constant updates and developments, aiming to improve its technology and expand its ecosystem.