Cardano network it is probably experiencing one of the most successful periods in its history. Although the launch of smart contracts did not go smoothly, success nevertheless came. According to the popular influencer and cryptanalyst Coin Bureau, we will see the biggest innovation since the launch of ETH.
Cardano will launch a massive wave of innovations
Coin Bureau is convinced of Cardano’s huge success, which will trigger a wave of massive innovations commemorating the start-up times of the ETH network. Huge opportunities are coming in particular for decentralized applications which are experiencing a boom associated with constant development.
“We are currently on the verge of another explosion in crypto-innovation that we have not seen since the launch of Ethereum in 2015, and those who join will have the greatest success and profit.”
Cardano is unique mainly due to staking, which makes this project one of the most decentralized cryptocurrencies on the market.
“Staking fees drop if there are too many Cardanos in one pool. That basically supports decentralization. “
Currently, rewards for users who opt for ADA staking are at the level 4.5% per year. However, there is no possibility of locking. This is also the reason why up to 70% of the total ADA offer is stacked. As a result, Cardano is the highest rated blockchain in terms of active deposits.
A double-edged sword?
“Cardano has more than 1.6 million users and its community is probably the most active on the market. It’s unbelievable, but also very dangerous, especially for developers, because they know that their DApps will not be able to cope with such traffic pressure in any way. “
For this reason too, most new projects and updates in the Cardano network are thoroughly tested first in stress tests.
You can watch the video itself here:
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