While other crypto projects mainly want to impress with rapid rises and hype, Cardano (ADA) follows a different strategy. No wild price movements, but building technology that is ready for the future. Cardano could just give that calm, well -considered approach.
Bitcoin’s safety, but with smart applications
According to analyst David, everything at Cardano is all about the so-called Eutxo model. That is a Ledger system based on Bitcoin’s technology (BTC), known for its safe transactions. But Cardano goes one step further.
The platform combines that safety with the possibility of using smart contracts. This allows you to build complex applications on it, such as decentralized finance (Defi), without compromising on reliability.
Cardano is the only large blockchain that is at the same time extremely safe and flexible.
David X Crypto
Cardano invests in the future of blockchain
Founder Charles Hoskinson firmly believes in his vision. He even thinks that Cardano can overtake both Ethereum (ETH) and Bitcoin in the long term. And to be honest: although the network started slowly with Dapps in the past, it has been gaining momentum since then.
New technologies such as Hydra and Leios must ensure faster transactions and better scalability. That is important, because in the future we may use blockchain not only for payments, but also for games, identity management and much more.
But in practice Cardano is lagging behind
Yet the image is not only rosy. If you look at the figures, Cardano is running after competitors such as Ethereum and Solana (SOL). They attract billions of liquidity and have a large army of active developers.
Cardano’s so-called Total Value Locked (TVL)-a benchmark for how much value is established in Defi applications-is, according to Defillama, only $ 330 million. For comparison: Ethereum is at $ 90.4 billion and Solana at 12.1 billion.
Cardano also remains in terms of daily use. About 52,000 smart contracts are carried out per day, compared to millions with the big boys.
Yet the community believes in the project. Cardano plays the long breath. The question is: will that strategy soon come out as the winner?
Source: https://newsbit.nl/cardano-bouwt-in-stilte-aan-iets-groots-kan-het-ethereum-en-solana-inhalen/
