Cryptocurrency News Cryptocurrency News – REAL News ® – TCAT Cardano (ADA) will conquer the crypto world.It’s a fact.Evidence-based it is, and wonderful it is.He probably will have his own bull run after everything is live and running.Several investors are extremely bullish on Cardano, but it’s never smart to speak in certainties.Nobody knows for sure.
Attitude Towards Criticism: Also, it is important to not pay too much attention to the unwilling or ignorant, because it can be all negative, and the energy can be wasted.It is important to keep one’s head among friends and positive people.
They’ll keep you sane and healthy.Cardano Vs.Ethereum: Every week for the past few Cardano is doubling the project commits of Ethereum.It just looks like the principle of “Do Your Own Research” doesn’t apply to all.And it is very easier to unleash nonsense.Marketing is crucial in the competitive cryptocurrency space.
Cardano is way behind Ethereum.And, ADA may still have a chance if ETH screws up.
This is a lot like what happened with Search engines in the late 90s.However, not all agree about the marketing thing.
There are thousands of examples in history about the advertisement time to market, and the timing process did not give an advantage.Some notable examples cited my community members and critics who are watching the market are ATARI in the gaming console space, IBM in the pc space, AOL in the email/browser space, MySpace, the list goes on.
So, marketing timing and advertising might not always bring the needed success.Twitter handle DII Cases of ADA as the best of both words: $BTC primary value is its brand name $ADA can absorb its value into its network, similar to a Wrapped Bitcoin on $ETH that makes up 7.6 billion in value.$ADA uses a similar UTXO transaction model as $BTC called UTXO, which means $ADA is the best of both worlds $ETH + $BTC.There are some limitations to the Bitcoins UTXO model when working with more complex transactions with smart contracts.
But there are advantages to the UTXO, like tracking transactions or enhancing privacy.This is why Cardano is using an extended UTXO model.With Ethereum, the computational layer and accounting layer are merged together.With Cardano, it separates these two layers into Computational Layer and Settlement Layer.
In the future, smart contracts will reside in the Computational Layer, which will allow for more flexibility.Having these two layers separated, Cardano can avoid major forks of its code.
Not to mention the hard fork combinator, which already makes any changes to the network smooth sailing.Cardano’s consensus algorithm Ouroboros is mathematically proven secure as long as 51% of the stake.
Being held is by honest participants, which rewards participants of the Proof of stake system randomly with blocks.Ouroboros protocol rewards pool operators or delegators staking their ADA by doing either of these two things.It’s actually pretty cool getting two blocks on my Pool with just 35,000 Ada staked.That’s about 1500 ADA for me and my delegators, within 30 epochs.
Ergo will use the same UTXO transaction model as Cardano.The two are meant to be fully compatible with each other.ADA bring Proof of stake & ERGO being Proof of work.Some smart contracts may need the security of POW to run.
For example, if the smart contract controls a large control of stake, the Proof of work system can help better secure it from bad actors.ERGO will help open the Cardano network to blockchains like SQL Solana in the Future.In closing to this thread.Bitcoin is a great brand, but terrible for the environment.I see it being completely absorbed by the Cardano network / ecosystem.
Cardano /Ergo are great projects and investments the future is very bright with the collaboration between the two.Get the latest Crypto & Blockchain News in your inbox..