Cardano is currently breaking out. It will keep rising till the launch on 12th September and then it will dip a bit.
Price prediction - $3.1 by next week
Current Price - $2.91
Cardano began as the third generation blockchain network. In comparison, Bitcoin and Ethereum are considered to belong to the first and second generations of blockchain technology. It aims to compete with Ethereum by being a more secure, scalable, and efficient network. However, Cardano is trying to achieve what Ethereum has done consistently for a long time.
While investors have turned their focus and attention to ADA in a big way, there are still some questions on whether it has the potential to repeat the success of Ethereum.
Cardano vs Ethereum
The network that Cardano hopes to emulate and surpass is Ethereum. That is because Ethereum supports decentralized apps, DeFi, NFT and smart contracts. It is something that Cardano also promises to do, and in a better way.
The Cardano network works on “proof of stake” unlike Ethereum’s “proof of work.” When a miner tries to validate a Cardano transaction, they have to show the coins they hold as proof of stake. In the case of Ethereum, a miner has to validate the transaction through proof of work which involves working out a puzzle, which takes more time and consumes more energy.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments