$ADA ADA is the native cryptocurrency of the third-generation blockchain platform Cardano. Designed with a scientific approach and rigorous peer review, Cardano aims to be a more scalable, sustainable, and ethically governed network than its predecessors such as Bitcoin and Ethereum. The token, ADA, not only serves as a medium of value exchange but is also fundamental to the operation and governance of the network.

The project was founded by Charles Hoskinson, one of the co-founders of Ethereum, who sought to address the issues of scalability, interoperability, and sustainability that plagued the early generations of blockchains. The development of Cardano is handled by the engineering company IOHK (Input Output Hong Kong).