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Cardano Explained 2024 (What ADA Investors MUST Know)ADA is the blockchain's native cryptocurrency coin. It facilitates transactions on the Cardano platform like the ETH token enables transactions. Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines. Cardano (ADA) is a decentralized proof of stake (PoS) blockchain designed to be a more efficient alternative to proof of work (PoW) networks.