Cardano (ADA) is a proof-of-stake blockchain platform. ADA is the native coin used for staking, fees, and value transfer on the network.
What Cardano is built for
Cardano supports smart contracts and decentralized applications. It is known for a research-heavy development approach and a layered design philosophy.
How ADA is used
ADA holders can use the coin for payments, staking, governance participation, and interacting with apps in the Cardano ecosystem.
Cardano competes with other smart contract networks such as Ethereum and Solana. Its long-term value depends on adoption, developer activity, and useful applications.