$ADA

ADA is the native cryptocurrency of the Cardano blockchain, a third-generation platform focused on scalability, sustainability, and interoperability. Founded by Charles Hoskinson, a co-founder of Ethereum, Cardano uses a unique proof-of-stake consensus mechanism called Ouroboros, which is energy-efficient and secure. ADA is used for transaction fees, staking, and participating in governance decisions within the Cardano ecosystem. Its research-driven development model and academic peer-review approach set it apart in the crypto space. Despite criticisms for slow development, Cardano is steadily expanding with smart contracts, DeFi projects, and real-world partnerships.ADA continues to attract long-term investors seeking a robust, science-backed blockchain.