Cardano ADA, Bitcoin BTC and Ethereum ETH share some common traits; however, Cardano (ADA) and Ethereum use smart contracts. These continue to attract more investors especially by end of last year because of their value.
However, with the recent market crash, it is evident that there is no coin that is unshakable. The creation of newer coin is as a result of failures experienced by older cryptocurrencies.
This leaves the investor at crossroads; not sure what each coin has to offer. Once the new cryptocurrencies introduce better features and capabilities, older coins like BTC and ETH might become less popular and that’s where Cardano (ADA) will emerge as the best option coin.
While Bitcoin and Ethereum potential have been stretched almost to the limit, Cardano is just in its infancy. Cardano is fully decentralized open source outfit and is backed by three entities that have vast business interests on the platform.
These include the Cardano Foundation, Emurgo from Japan and a Hong Kong Based company, Input Output Hong Kong (IOHK). Built from ground up, Cardano is seeking to overcome the current issues of privacy regulation and scalability facing its two competitors. Bitcoin was the first to enter the market and out of its failures, Ethereum was born and due to its inefficiencies, the likes of Cardano came into being. Read more from cryptorecorder.com…
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