$ADA is the native cryptocurrency of the Cardano blockchain platform.

The coin is named in honor of Ada Lovelace, a 19th-century mathematician widely recognized as the first computer programmer.

Cardano Blockchain: ADA operates on the Cardano blockchain, which is a decentralized, proof-of-stake (PoS) platform. This means it uses a different, more energy-efficient method for validating transactions compared to proof-of-work (PoW) systems like Bitcoin.