Cardano, abbreviated ADA, was first launched in 2017. Like many other cryptocurrencies, ADA is generated through the process of crypto mining. The Cardano blockchain platform's goal is to be a decentralized application (DApp) development platform for smart contracts and multi-asset ledgers. As a cryptocurrency, ADA runs on the Cardano blockchain, which is a separate blockchain than others like the Ethereum blockchain or the Bitcoin blockchain.
Cardano operates as a proof-of-stake protocol and the development of the protocol, blockchain, and cryptocurrency is overseen by The Cardano Foundation, IOHK, and EMURGO.
Currently, ADA trades on roughly 413 active markets.