Halal crypto ratings

ADA (Cardano)

Network Purpose

A decentralised blockchain platform that aims to provide a more sustainable, secure, and scalable ecosystem for the development of smart contracts and decentralised applications (dApps)

Token Use Cases

1. Voting
2. Smart contract operations
3. Staking
4. Transactions

Protocol & ConsensusMechanism

The platform uses a unique Proof-of-Stake (PoS) consensus mechanism called Ouroboros

Tokenomics

The total supply of ADA is capped at 45 billion token.

Shariah Compliance

Compliant

Shariah PowerRating

8/10