$ADA

ADA is the native cryptocurrency of the Cardano blockchain, a decentralized platform focused on sustainability, scalability, and academic research. Named after Ada Lovelace, a 19th-century mathematician, ADA is used for transactions, staking, and participating in Cardano’s governance. Unlike many cryptocurrencies, Cardano employs a unique proof-of-stake consensus protocol called Ouroboros, which aims to be more energy-efficient than traditional proof-of-work systems. ADA can be stored in wallets like Daedalus and Yoroi. Its development is guided by peer-reviewed research and a layered architecture, making it a standout project in the blockchain space. ADA continues to gain traction for smart contracts and decentralized applications.