Cardano
ADA is the native token of the Cardano blockchain, a platform focused on scalability, sustainability, and innovation through peer-reviewed research and proof-of-stake consensus.
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- Cardano
- Asset Type: ada
ADA is a large-cap asset that represents the blockchain's native currency or monetary fee used to execute transactions on the network.
Cardano has no dependencies.
ADA has a fixed supply. ADA is the native token of Cardano, used for staking and paying transaction fees.
What is ADA?
ADA is the native cryptocurrency of Cardano, a blockchain platform founded in 2017 by Charles Hoskinson, one of the co-founders of Ethereum. Named after Ada Lovelace, a 19th-century mathematician, ADA serves as the fuel for the Cardano ecosystem, enabling staking, transactions, and smart contract operations. Cardano is built on a scientifically driven approach, employing peer-reviewed research and rigorous development methodologies to ensure a secure and sustainable blockchain.
How does ADA work?
ADA operates on the Cardano blockchain, which uses a proof-of-stake (PoS) consensus mechanism called Ouroboros. Ouroboros is designed to be energy-efficient while maintaining high levels of security and decentralization. ADA holders can participate in staking by delegating their tokens to validators, earning rewards while supporting network operations. Cardano also supports smart contracts and decentralized applications (dApps), providing developers with a platform for building various use cases in DeFi, NFTs, and beyond.
How many ADA tokens are in circulation?
The total supply of ADA is capped at 45 billion tokens, with approximately 35 billion currently in circulation. The remaining tokens are distributed through staking rewards and ecosystem incentives. This capped supply ensures a deflationary model over time, creating scarcity as adoption grows. The combination of staking rewards and utility within the Cardano ecosystem contributes to ADA’s appeal for long-term holders.