ADA is the native cryptocurrency of the Cardano blockchain. It is primarily used to secure the network and to participate in the proof-of-stake consensus mechanism. Additionally, ADA is used as a means of payment and transfer of value within the Cardano ecosystem. The Cardano blockchain aims to provide a more secure and sustainable platform for decentralized applications and smart contracts. Some potential use cases of ADA include micropayments, remittances, digital identity management, and decentralized finance (DeFi) applications.
