ada
Cardano’s Voltaire - Glossary: key terms explained
ada is Cardano’s native currency, named after Ada Lovelace, the English mathematician and programmer. ada has six decimal places, and these fractions of ada are called lovelaces. They can be thought of as cents to a dollar.
ada can be used to pay transaction fees on the Cardano network and can also be delegated as a stake to a stake pool, helping to secure the Cardano blockchain. Delegating ada allows the user to receive rewards for doing so. All rewards are distributed in ada every 5 days, i.e. every epoch. As a community member, your ada stake also gives you the right to participate in on-chain voting.
Last updated