Cardano (ADA)

Research-driven Layer 1 with a peer-reviewed development process.

Open in screener
Category
Smart contracts · Layer 1
Launched
2017
Founders
Charles Hoskinson, IOHK
Consensus
Proof of Stake (Ouroboros)

About Cardano

Cardano is a Layer 1 blockchain that emphasizes formal verification and academic peer review for its protocol upgrades. ADA is the native cryptocurrency, used for transaction fees and staking.

Cardano's smart contract layer (Plutus) launched in 2021 and supports DeFi, NFTs, and identity applications.

What is ADA used for?

  • Staking with no lock-up
  • DeFi and NFT applications
  • Identity and credential systems

Cardano FAQ

Can I stake ADA?
Yes. ADA can be staked directly from any compatible wallet without locking up the funds. Rewards are paid every five days.

Disclaimer: The content on this page is for educational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile. Always do your own research and never invest more than you can afford to lose. See our methodology for details on how we generate analysis.