ADA is the cryptocurrency on the Cardano blockchain and the most recent addition to the Bittrex exchange. This is a platform with more advanced features than any protocol yet developed. Cardano SL makes use of a proof of stake approach to reach consensus. This encourages honesty and long-term participation. Cardano SL is called 鈥淟ayer" because it will be expanded with a Control Layer, serving as a trusted computation framework to evaluate a special kind of proofs to ensure that a certain computation was carried out correctly.
This could be used for gaming/gambling to create random number generation and game outcomes.Because there will never be more than 45,000,000,000 ADA ever issued, an additional 14,979,843,678 ADA (approximately 33% of the total amount of Ada to ever exist) will be issued gradually for the operation of the Protocol.
The block rewards will be introduced into the Cardano Protocol in 20 epochs (approximately 3.5 months) after its Launch, and the rate of issuance of Ada will be follow the schedule below:
2,000 ADA per block for the initial 3,744,961 blocks,
1,000 ADA per block for the subsequent 3,744,961 blocks,
500 ADA per block for the subsequent 3,744,961 blocks,
and so on and so forth, in such a way that the ADA per block will be halved every 3,744,961 blocks.
Given that 3 new blocks will be generated every minute, 99.95% of the additional 14,979,843,678 ADA necessary to reach the 45,000,000,000 ADA will be issued in approximately 24 years.
Of the ADA that will be issued per block:
75% of it will be given to the protocol participants as a block reward.
25% of it will be directed to a special address that is earmarked for the Cardano Treasury, from which developers and ecosystem participants could request the funding of their projects, and the stakeholders of the system would vote to approve or reject their proposals. (The mechanism by which the Cardano Treasury will operate will not be available at the launch of Cardano but the mechanism and its implementation are currently under research and development.)
Recources :
https://cardanodocs.com/cardano/monetary-policy/
https://cardanodocs.com/introduction/#what-makes-cardano-sl-special
https://coinmarketcap.com/currencies/cardano/
