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4 reasons why Cardano could come before Ethereum in the future

 


What is Cardano?

Cardano is a blockchain protocol that is characterized by the combination of scalability, decentralization and security. Cardano wants to solve the so-called blockchain trilemma. The network was launched in 2017 and has the ADA network token.


Cardano

Cardano is characterized by the fact that the blockchain is further developed using evidence-based methods. Scientists analyze the weaknesses of other blockchains and improve them on the Cardano blockchain. The Cardano blockchain has long been considered technically excellent.



The further development of Cardano takes place in different development phases, in each of which a certain property of Cardano is optimized. You can find out more about this in our article on the Cardano roadmap.


How has the ADA price moved in the last few months?

The ADA price saw a massive surge in 2021 and the price hit a new all-time high above $3 in September 2021. As a result, however, the price fell in the fourth quarter of 2021. At the turn of the year, the ADA rate was only $1.37 and had already lost more than half of its value.

In 2022, further losses began. The ADA price stabilized again in March and April. But in May and June the declines started again. In June, the price then fell below $0.42. After that, the ADA course was able to stabilize further. Since its all-time high, ADA has lost more than 85% of its value. 


Why does Cardano have such a bright future?

Cardano has an enthusiastic following and many people believe that Cardano is the cryptocurrency of the future. This is because Cardano fans believe Cardano will be the most technologically advanced and best blockchain in the long run. 


Cardano Course

The blockchain networks that offer smart contracts are in competition with each other. In the future it will be decided which network developers of decentralized applications primarily want to use and which blockchain will be the basis for Web 3.0 in the future. Cardano is often mentioned as a candidate that could become number 1 on the market in the future. 


The biggest advantage of Cardano is the scientific approach. As a result, Cardano is decentralized, extremely secure and can also execute transactions quickly and efficiently. The speed and scalability in particular are to be increased extremely over the next few months within the Basho development phase. Cardano could soon become the fastest blockchain, which could explode the value of ADA in the future.


Is Cardano better than Ethereum?

In the past, Cardano was repeatedly compared to Ethereum and was also often referred to as the "Ethereum killer". It was expressed that Cardano works better than Ethereum in many areas and can even replace Ethereum as number 1 among the smart contract platforms in the long term.


In the following we would like to give 4 reasons why Cardano could replace Ethereum in the future: 


1. Cardano is more efficient than Ethereum

Ethereum has taken an important step towards energy efficiency with the switch from Proof-of-Work to Proof-of-Stake as part of the Ethereum Merge . Previously, Ethereum's transaction fees skyrocketed due to the use of Proof-of-Work and speeds were slow. 


However, even after the Ethereum merge, Cardano is arguably still more efficient at executing transactions than Ethereum . By introducing shard chains, Ethereum wants to continue the transition to Ethereum 2.0 in the coming months. This should make Ethereum much more efficient. Nevertheless, Cardano still has advantages and as part of the basho development phase, Cardano's efficiency should continue to increase.


2. Transactions are faster on Cardano 

At the moment, Cardano can probably execute around 250 transactions per second. Cardano is a fast blockchain, but not yet at the top. Above all, Solana is the spearhead here. But with Basho, Cardano wants to optimize its scalability. There are speeds of up to 100,000 transactions per second.


So far, Ethereum can process 13-14 transactions per second. With the transition to Ethereum 2.0 and the introduction of sharding, this speed is expected to increase. However, it is unlikely that Ethereum can reach the possible future speeds of Cardano. 


3. Higher security at Cardano

Both Cardano and Ethereum are considered secure blockchains. But Cardano is also ahead in this area. The blockchain uses the Ouroboros consensus protocol, which was the first proof-of-stake protocol to be completely secure. 


Ethereum only recently switched to Proof-of-Stake, which went without any complications. However, Ethereum cannot have the same security features as the Cardano blockchain.


4. Evidence-based advancement

Ethereum development decisions are made based on commercial considerations. This ensures that the Ethereum ecosystem has grown rapidly and strongly in recent years. Ethereum has been number 2 behind Bitcoin on the crypto market for years.


In the long term, however, Cardano’s evidence-based approach could prevail. Cardano is further developed according to scientific standards. This often makes Cardano slower to develop. But that also means that the end result at Cardano is one of technical excellence. In the long term, this could make Cardano the best blockchain in the future. 


Is Cardano (ADA) an investment for the future?

In recent years, Cardano has repeatedly come under criticism because the further development was too slow for many investors. However, the Cardano Foundation relies on final quality instead of rapid development under pressure from investors. This can result in Cardano falling behind other networks in the short and medium term, but may come out on top in the long term .


In the long term, Cardano’s ADA token could be an extremely good investment. Regular investing could be worthwhile, especially in this bear market. Because with Basho, scalability should increase, which makes a price explosion of the ADA token likely in the next bull market.

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