$ADA

Cardano ($ADA) is a prominent blockchain platform known for its scientific approach and peer-reviewed development. Launched by Charles Hoskinson, a co-founder of Ethereum, Cardano aims to create a more secure and scalable network through a layered architecture. Its native token, ADA, is used for transactions, staking, and governance within the ecosystem. Unlike many blockchains, Cardano uses a proof-of-stake consensus mechanism called Ouroboros, which is energy-efficient and supports decentralization. The platform continuously upgrades through its roadmap phases: Byron, Shelley, Goguen, Basho, and Voltaire. Developers appreciate Cardano for its strong focus on formal verification and sustainability. As decentralized applications (dApps) and smart contracts grow on Cardano, ADA remains a key asset to watch in the evolving crypto landscape.