$ADA

*ADA Coin*, also known as *Cardano (ADA)*, is the native cryptocurrency of the *Cardano blockchain* platform. Here are the key details about *Cardano (ADA)*:

1. *What is Cardano?*

- *Cardano* is a *blockchain platform* that aims to provide a more secure and sustainable way to run decentralized applications (dApps) and smart contracts. It was created by *Charles Hoskinson*, one of the co-founders of *Ethereum*.

- Cardano focuses on *research-driven* development and uses a peer-reviewed approach to ensure security, scalability, and sustainability.

2. *ADA Coin*

- *ADA* is the cryptocurrency used within the *Cardano ecosystem*. It is used for several purposes:

- *Transaction fees*: Paying for transactions on the Cardano network.

- *Staking*: ADA holders can stake their tokens to help secure the network and earn rewards.

- *Governance*: ADA token holders can participate in the governance of the Cardano platform through proposals and votes.

3. *Key Features of Cardano*

- *Proof of Stake (PoS)*: Unlike Bitcoin, which uses Proof of Work (PoW), Cardano uses *Proof of Stake* (PoS) consensus mechanism called *Ouroboros*. It’s considered more energy-efficient and allows users to stake their ADA coins to help secure the network.