Cardano current price is $0.89.

ADA is the native utility token of Cardano and is a third generation blockchain platform aiming at delivering scalable, sustainable, and secure smart contracts and decentralized applications (DApps). Cardano is a project created by Input Output Hong Kong (IOHK) with Charles Hoskinson, one of the ethereum co-founders, at its helm, and the platform positions itself on the basis of a scientific approach to the creation of blockchain solutions.

Key Features of Cardano
Proof of Stake Consensus Algorithm
Cardano continues to utilize one of the most effective consensus models known as the Ouroboros, the first verified PoS solution. In this mechanism, customers of ADA can engage in the validation process within the network in a manner that consumes low energy as opposed to the Proof-of-Work systems but with high levels of security.

Layered Architecture
Cardano is built with a dual-layer structure:

Cardano Settlement Layer (CSL): Also performs ADA transactions and checks that the ledger is safe.
Cardano Computation Layer (CCL): Enables the successful running of smart contracts and decentralized applications.
It also adds flexibility and scalability, alongside with overall modularity that allows gradual improvements without affecting what is already in use.

On Sustainability and Governance
By integrating a treasury system it is possible for the Cardano to sustain growth where part of the transaction fees will be used to finance innovations in the money. Also, it has a governance mechanism through which ADA holders are able to make decisions with regard to the changes on the network as well as the protocols.

This is through Scientific Research and Development
Cardano also elects to employ a rigid research-based model by using academics. All parts of the platform are grounded in reviewed scientific literature to guarantee solidity and sustainability of the system.

One more important concept that has to be explained twisting and turning? Interoperability and decentralization.
Particularly developed for interoperability with other chains, Cardano seeks to enable smooth collaboration with other blockchains. The fact that it highly decentralised is an advantage in that the power of decision making rests in the hands of the community.

Cardano's Native Token: ADA
The internal coin of the Cardano network is ADA named after Ada Lovelace, a British 19th-century math genius who is credited with creating the first algorithm. ADA serves multiple purposes within the network:

Cardano's Native Token: ADA
Cardano’s native token, ADA, is named in honor of Ada Lovelace, a 19th-century mathematician known to the world as the first ever computer programmer. ADA serves multiple purposes within the network:

Transaction Fees: This is used for paying for handling of transactions and generally for managing smart contracts.
Staking: AD holders have the option to lock up their ADA tokens and receive a pay for performing the role of security in the network.
Governance: ADA holders possess a say in the existing platform decisions and potential future app additions.
Use Cases and Applications
Based on the current layout, Cardano’s platform caters for several sectors such as; finance, health, education and transportation. Its purpose is to increase the provision of blockchain solutions based on financial sector development in less developed nations, especially those in Africa.

Future Prospects
Cardano's roadmap consists of five development phases: Foundation, decentralization, smart contracts, scalability and governance which we get through Byron, Shelley , Goguen, Basho, and Voltaire respectively. Every phase brings innovation into the process and strengthens the position of Cardano as a premier blockchain platform.

Conclusion
Cardano (ADA) is unique as it is a blockchain development platform aimed at growth, high-frequency, and durability. Because of its sound scientific foundation, emphasis on decentralization, and applicability to real-world situations , it is a major participant in the constantly expanding paradigm of cryptocurrency.