$ADA

Cardano ($ADA) is a blockchain platform designed for secure, scalable, and sustainable decentralized applications (dApps). Launched in 2017 by Ethereum co-founder Charles Hoskinson, it aims to improve upon earlier blockchains like Bitcoin and Ethereum by using a research-driven approach.

Cardano operates on a proof-of-stake (PoS) consensus mechanism called Ouroboros, which enhances energy efficiency and security. The platform is developed in multiple phases, with major upgrades such as Byron, Shelley, Goguen, Basho, and Voltaire, each improving decentralization, smart contract functionality, scalability, and governance.

$ADA, Cardano’s native cryptocurrency, is used for transaction fees, staking, and governance participation. The blockchain supports smart contracts and DeFi applications, competing with Ethereum while prioritizing security and interoperability.

With continuous development and a strong community, Cardano remains a leading blockchain, aiming for real-world adoption in finance, identity management, and supply chain sectors.