$ADA $ADA

ADA is the native cryptocurrency of Cardano, a blockchain platform designed for smart contracts, decentralized applications (dApps), and secure transactions.

Key Features of ADA:

✅ Proof-of-Stake (PoS): Uses the Ouroboros consensus mechanism for energy efficiency.

✅ Smart Contracts: Supports Plutus and Marlowe for DeFi and dApps.

✅ Scalability & Interoperability: Designed to improve blockchain efficiency.

✅ Strong Development Team: Founded by Charles Hoskinson, a co-founder of Ethereum.

ADA is used for staking, governance, and transaction fees on the Cardano network. Many traders see it as a strong competitor to Ethereum.