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      • ADA is the cryptocurrency for the Cardano platform. Cardano’s coin is named after Ada Lovelace, a 19th-century mathematician known as the first computer programmer. People use ADA tokens to pay transaction fees for using the platform. It’s also given out to the validators as a reward for running the proof of stake system.
      www.forbes.com › advisor › investing

      What Is Cardano (ADA)? – Forbes Advisor

  2. www.investopedia.com › cardano-definition-4683961Cardano (ADA): What It Is, How It Differs From Bitcoin

    Apr 12, 2024 · Cardano is a blockchain and smart contract platform whose native token is called Ada. Find out how Cardano works and how to earn rewards.

    • Luke Conway

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  4. www.forbes.com › cryptocurrency › cardano-adaWhat Is Cardano (ADA)? – Forbes Advisor

    Mar 29, 2024 · ADA is the cryptocurrency for the Cardano platform. Cardano’s coin is named after Ada Lovelace, a 19th-century mathematician known as the first computer programmer. People use ADA tokens to pay...

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  6. cardano.org › what-is-adaWhat is ada? | cardano.org | Cardano

    Ada is a digital currency. Any user, located anywhere in the world, can use ada as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano blockchain.

  7. www.theblock.co › learn › 259933What is Cardano and how does it work? A guide to ADA

    Nov 4, 2023 · With a market capitalization over $10 billion, Cardano ADA +1.78% is one of the biggest blockchains utilizing the proof-of-stake mechanism to serve as the infrastructure for decentralized applications. Cardano was founded in 2015 by Charles Hoskinson and Jeremy Wood.

    • Vishal Chawla

  8. www.tokenmetrics.com › blog › what-is-cardano-ada-cryptoCardano (ADA) Crypto – What It Is and How It Works?

    How Does Cardano Work? The Cardano platform uses a proof of stake (PoS) consensus algorithm to manage its decentralized network. Proof of stake is a consensus algorithm where the right to add new blocks to the blockchain is determined not by computing power but by coin ownership.

  9. www.kraken.com › learn › what-is-cardano-adaWhat is Cardano? (ADA) | Kraken

    What is Cardano? How does Ouroboros work? Read our guide to the Cardano blockchain and start trading ADA on Kraken – the secure digital asset exchange.

  10. academy.binance.com › en › articlesWhat Is Cardano (ADA)? | Binance Academy

    Aug 21, 2022 · What is the ADA token? ADA is Cardano’s token, named after the 19th-century mathematician Ada Lovelace. 57.6% of the ADA supply was distributed in an Initial Coin Offering (ICO), in which Cardano raised $62.2 million. The token is both a digital currency and a way to make transactions on the Cardano network (similar to how you need ether to ...