How ADA actually works?

• Ada is a blockchain-based platform that uses a proof-of-stake consensus algorithm to validate transactions. It is designed to be a secure, scalable, and reliable platform for decentralized applications and smart contracts. The platform is powered by a native cryptocurrency, Ada, which is used to pay for transaction fees and rewards for validators. The consensus algorithm is based on a system of stake pools, where users can delegate their Ada to a pool and receive rewards for validating transactions. The platform also features a virtual machine, which allows developers to create and deploy smart contracts.

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  What is ADA

  December 20, 2022

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