What is ADA?
Ada (Cardano) is a cryptographic project that was created in 2015 by engineers and scientists after two years of research and work.
Cardano is a collective made up of 3 different entities:
Cardano Foundation: which takes care of the jurisdiction as well as the management of the Cardano project
Input Output Hong Kong: who is the company behind the ADA (Cardano) project
Emurgo: who is a partner who will help Cardano gain recognition through investments in startups and developing partnerships with companies that want to use blockchain to revolutionize their businesses.
Utilities
Cardano is an open source and decentralized blockchain as well as a platform that allows the execution of smart-contracts. Ada can therefore create and maintain dApps (decentralized applications). Its blockchains formed of two layers allow companies to use it on financial applications. Cardano has an algorithm called Ouroboros, a variant of Proof of Stake (PoS).
Deflationary system
Cardano to a deflationary monetary system; only 45 billion tokens are produced, neither more nor less. ADA token transactions are also very cheap, secure and fast.
Future of the project
Three interesting updates are still coming to Cardano:
Goguen who aims to include smart contracts in his network, they will have the possibility of maintaining dApps on the Cardano network
Basho which aims to make the platform much more efficient and flexible, it will also allow a sustainable and secure development.
Voltaire, update that will create a chain governance infrastructure and a decentralized treasury system to maintain sustainable funding and support the project soundly over time.
You can invest in ADA through these platforms:
Huobi global : https://www.huobi.com/en-us/topic/invited/?invite_code=jea2a