What Is Cardano? ADA Explained
Cardano is a proof-of-stake blockchain that uses peer-reviewed research to guide its design. Its native cryptocurrency, ADA, is used to pay network fees, delegate to stake pools, and vote on governance proposals. Cardano separates ADA transfers from smart contract execution and uses an eUTXO accounting model. ADA is volatile and can lose value. This article is for educational and informational purposes only. It does not constitute financial, investment, legal, or tax advice, and it is not a recommendation to buy, sell, or hold any cryptocurrency or to use any particular investment strategy. Crypto assets are volatile and their value can go down as well as up. You could lose some or all of the money you put in. Past performance, historical cycles, and on-chain indicators do not predict future results. Always do your own research and consult qualified professionals before making decisions related to cryptocurrency.