What is ADA ?

ADA is the native cryptocurrency of the Cardano blockchain, which is an open-source platform for building decentralized applications and financial services. It was created with the goal of providing a more secure and sustainable infrastructure for decentralized applications and financial services.

Cardano uses a proof-of-stake consensus algorithm, which allows for more efficient and sustainable energy consumption compared to proof-of-work algorithms used by other blockchain platforms. It also has a two-layer architecture, with one layer for transactions and another layer for smart contracts and decentralized applications.

ADA can be used as a means of payment, a store of value, and a unit of account within the Cardano ecosystem. It is also used to participate in the network's governance process and vote on key network upgrades and proposals.

In summary, ADA is the native cryptocurrency of the Cardano blockchain, a secure and sustainable platform for building decentralized applications and financial services. It can be used as a means of payment, a store of value, and a unit of account, and can also be used to participate in the network's governance process.