$ADA Here’s a 100-word description about ADA (Cardano cryptocurrency):

ADA is the native cryptocurrency of Cardano, a blockchain platform designed for scalability, sustainability, and smart contracts. Founded by Charles Hoskinson, one of Ethereum’s co-founders, Cardano uses a proof-of-stake consensus mechanism called Ouroboros, making it energy-efficient. ADA is used to pay transaction fees and participate in staking, allowing users to earn rewards. Cardano emphasizes peer-reviewed research and a layered architecture for greater flexibility and security. It's often seen as a third-generation blockchain, aiming to solve issues faced by Bitcoin and Ethereum. ADA is stored in wallets like Daedalus and Yoroi, and is traded on major exchanges globally.

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