$ADA ADA is the native cryptocurrency of the Cardano blockchain, a platform known for its focus on peer-reviewed research and a layered architecture. Named after Ada Lovelace, considered the first computer programmer, ADA plays a crucial role in the Cardano ecosystem.

Here's a breakdown:

* Functionality:

* ADA is used to pay transaction fees on the Cardano network.

* It enables users to participate in staking, which helps secure the network and rewards holders.

* ADA facilitates participation in on-chain governance, allowing holders to vote on proposed changes to the Cardano platform.

* It is used to interact with smart contracts and decentralized applications (dApps) on the Cardano platform.

* Cardano's Focus:

* Cardano emphasizes a scientific philosophy and evidence-based development.

* It aims to provide a secure and scalable blockchain platform for various applications.

* The Cardano blockchain is designed to be energy efficient.

* ADA can be traded on many cryptocurrency exchanges.

Note : This is only information purpose , No Recommendation .