About Cardano (ADA)
What Is Cardano (ADA)?
Cardano is a proof-of-stake blockchain built around peer-reviewed research and staged protocol upgrades. ADA is its native coin. It pays fees, supports staking and governance, and is used in Cardano applications.
How Does Cardano Work and What Is ADA Used For?
Stake pool operators produce blocks under the Ouroboros protocol. ADA holders can delegate without transferring custody. Rewards come from transaction fees and monetary expansion from the reserve. ADA has a maximum supply of 45 billion. Cardano supports native assets and smart contracts without requiring every asset to use an ERC-20-style contract.
Cardano Security, Control and Risks
Risks include stake-pool concentration, slower application adoption, governance participation, smart-contract errors, bridge exposure, and market volatility. Delegation itself does not lock ADA in the protocol, but third-party staking products may add separate risks.
Frequently Asked Questions About Cardano
Can ADA be mined?
No. Cardano uses proof of stake.
Can ADA be staked from a wallet?
Yes, through delegation in compatible wallets.
What is ADA's maximum supply?
45 billion ADA.
Sources and Verification
Official sources
- Cardano Active
- Cardano documentation Active
- Pledging and rewards Active