Op Ed: Evaluating the Promise of Cardano: Has Ethereum Met Its Match?

Op Ed: Evaluating the Promise of Cardano: Has Ethereum Met Its Match?
This month, we celebrate Ethereum’s third birthday and reflect upon the many milestones that have occured in the industry since the dawn of the original smart contract blockchain. Mainstream interest is burgeoning, market capitalization for the industry has increased by over 5,900 percent, and the number of cryptocurrencies currently in circulation is at an all-time high. Up until recently, it seemed as if Ethereum would be one of the only platforms capable of fostering the mainstream adoption of blockchain technology. That is, until Cardano (ADA) appeared.While admittedly in its early stages, Cardano is already being labeled by some experts as a scalable solution to several of the inefficiencies created by Ethereum, which, some say, seems to be suffering from its own success. In recent months, the platform has been inundated with a slew of new decentralized applications (DApps) that are creating a bottleneck effect on the Ethereum blockchain. As famously portrayed by the meteoric rise of blockchain craze CryptoKitties, popular Ethereum applications require excessive bandwidth to remain afloat, which ultimately has a detrimental effect on network efficiency. And although ether’s hashrate is growing, it’s being far outpaced by the sheer number of projects being built on the blockchain.By contrast, Cardano has been specifically designed to handle high-volume transactions, operating on a first-of-its-kind ... For Further Information Click on Below Button
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