ADA is the native cryptocurrency that is used on the Cardano blockchain, The ADA currency was created to function as a form of digital cash. ADA helps users exchange anything of value in a transparent and conflict-free manner. This can be achieved while avoiding the services or fees associated with a middleman or financial intermediaries.
Cardano says that ADA represents the future of money, offering fast and direct transfers of value using their digital asset in an environment where the security of transactions is guaranteed by incorporating the benefits of cryptography.
The Cardano platform allows for the use of decentralized applications (dApps) that run on the Cardano blockchain. The creators of Cardano wanted to capitalize on the benefits brought by the first two generations of blockchain while attempting to solve several difficulties and inefficiencies associated with them. Cardano was created to solve existing blockchain problems such as scalability, interoperability, and sustainability.