ADA is the native cryptocurrency of the Cardano blockchain, launched in 2017 by co-founder Charles Hoskinson. Cardano is a third-generation blockchain platform focused on scalability, sustainability, and interoperability through a research-driven approach. ADA powers the network by enabling secure, fast transactions and supporting smart contracts and decentralized applications (dApps). Cardano uses a unique Proof of Stake consensus called Ouroboros, which enhances energy efficiency compared to Proof of Work. ADA holders can participate in network governance by staking their tokens. With a strong emphasis on academic research and peer-reviewed development, Cardano aims to create a balanced and sustainable ecosystem for decentralized finance and beyond.
