$ADA

The Cardano token, a currency of research and innovation

$ADA is the original token of Cardano, a decentralized blockchain platform aimed at providing a secure and stable infrastructure for the development of decentralized applications (dApps) and smart contracts. What distinguishes Cardano is its strong focus on scientific research and academic review at all stages of its development, making it known as the "scientifically founded blockchain".

Cardano uses a unique consensus mechanism called Ouroboros, which is a version of Proof-of-Stake, designed to be more energy-efficient and more secure than other consensus mechanisms. The $ADA is used to pay transaction fees on the network, participate in protocol governance, and reward participants for securing the network (Staking). The project aims to provide scalable solutions to real-world problems, focusing on sustainability and transparency.