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Why I think Cardano will succeed

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by COINS NEWS 74 Views

Hello!I want to say right off the bat that this is not investment advice, nor is it an ADA ad. I'm just sharing a personal belief and I'd be happy to have a good discussion. With pro and con arguments of course. Taking out btc/eth my next biggest investment is in cardano. In the following lines I will try to explain why I decided this way and why I think this project is good and will not only succeed in terms of price, but will be one of the leading projects in crypto in the future. And maybe it will achieve the global change which they dream of. I want to add that I am not a specialist and I can't handle technical terms well so I will explain simply in my own words. Most of us know that it was founded by Charles Hoskinson who is not particularly liked because he is self-centered, or maybe just he's telling the truth. But that doesn't interest me personally and I've never watched his podcast. I'm only focusing on the project.

First of all, this is a project that is developing, it is constantly being upgraded, it has a large community and many developers build on it. Cardano is oriented towards community management and high development security. Yes, everything happens maybe too slowly, but we all know that good things take time and patience. It's also highly decentralized with over 3200 validator pools. And without being biased, I think it provides the best staking of any coin out there. I say this because I'm staking a few more coins and have researched quite a bit more ones and no one comes close to the perfection of cardano. You can change the validator whenever you want and until the change takes place you get your rewards (unlike most). You can remove your coins instantly and send them wherever you want without being penalized. I think that only Tezos does this (correct me if there are others I don't know about), but it's way behind in all other respects.

Cardano works on the prevention of counterfeiting of products such as medicines for example, on government digital identity programs, on administrative processes. They are trying to solve some problems and integrate in some aspects continents like Africa.

The future of cardano:

Cardano is designed to be developed in "eras" named after notable figures in poetry and computer science history: Byron, Shelley, Goguen, Basho, and Voltaire. Basho is the era of scaling and optimization, intended to bring more capabilities to Cardano. As of 2023, Cardano is anticipating the transition from Basho to Voltaire. Voltaire is the final era for Cardano development, intended to bring voting and treasury management of the blockchain and network through previously introduced smart contract functionality and system improvements.

The goal is that when the last "era" is completed the project will achieve complete decentralization and the blockchain absolutely secure.

The future looks very good, it's holding up pretty well in this brutal bear market and it's a project that in my eyes can't fail. That's why I DCA when I can and I'm patiently waiting for the future. Feel free to write whatever you want, be it positive or negative.

Good luck to all friends!

submitted by /u/KIG45
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