$ADA

*$ADA* is the digital token of the *Cardano* project, which is a third-generation blockchain aimed at solving issues of scalability, decentralization, and sustainability in digital currencies.

*Key points about ADA:*

- *Founder:* Charles Hoskinson, one of the co-founders of Ethereum.

- *Mechanism:* Proof of Stake (PoS) via the Ouroboros protocol.

- *Goal:* To provide a secure and upgradeable blockchain infrastructure, supporting smart contracts.

- *Usage:* Payment of transaction fees, participation in governance, and staking for yield.

- *Development:* Carried out by three entities: IOHK, Cardano Foundation, and EMURGO.

Cardano aims to provide real solutions particularly in education, agriculture, and government services, especially in developing countries.