ADA: the coin behind Cardano 🚀
ADA is the native token of Cardano, a research-driven, energy‑efficient blockchain built on the Ouroboros proof‑of‑stake protocol. Holders can delegate their ADA to stake pools to help secure the network and earn rewards—without giving up custody. Cardano’s smart contracts run on Plutus (Haskell‑based) and use an extended UTXO model aimed at predictable fees and parallel execution, powering DeFi, NFTs, and identity solutions like Atala PRISM. Scaling is a key focus, with Hydra (layer‑2) and Mithril (faster syncing/light clients) designed to boost throughput and usability. Governance is evolving toward the Voltaire era, bringing community voting and treasury‑funded development.
ADA’s core roles: pay fees, secure the network via staking, and participate in governance as it matures. As always, crypto is volatile—do your own research. #Cardano #ADA #crypto