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3.40 ADA Bag

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Cardano is a decentralized third-generation Proof-of-Stake Blockchain platform with its native token named after Ada Lovelace, the 19th-century mathematician recognized as the first computer programmer. Cardano was created by Blockchain development firm IOHK and led by Charles Hoskinson, a former co-founder of Ethereum. Cardano utilizes an Ouroboros PoS algorithm and was constructed using pure functions in the functional programming language Haskell. Every ADA token holder is also a stake holder in the Cardano Blockchain network, with the option to delegate stored ADA.

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