ADAUSD
Cardano
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About ADAUSD
Layer 1 (Proof-of-Stake Platform)
Jul 8, 2017
ADA is the native cryptocurrency of the Cardano blockchain, launched in 2017 by Input Output Global (IOG), co-founded by Charles Hoskinson. Built on a peer-reviewed, layered architecture, Cardano uses the proof-of-stake consensus mechanism Ouroboros, aiming for sustainability, scalability, and security. It separates into a settlement layer (for ADA transactions) and a computation layer (for smart contracts/dApps), enabling decentralized applications and financial solutions. Designed
with a focus on scientific rigor and regulatory compliance, ADA functions as a utility token for transactions, staking, and network governance, positioning Cardano as a platform for blockchain innovation.
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