$ 200 million staked in 2019, when Shelley’s testnet went live: the numbers already prophesied about the current and future success of Cardano (ADA). We recently discussed on Cryptocurrencies the reasons that would make Cardano the best performing asset of 2020. The recent little ballad in the scripts of Cardano, would have revealed even more the potential of the latter.
Roses for Cardano
The company specializing in auditing blockchain technologies, Quantstamp, recently conducted a diagnostic on the Cardano. The company claims that after the hard fork Shelley, Cardano will become the second most important smart contract platform after Ethereum (ETH) and, could oust his rival, Tezos (XTZ).
The CEO of Quantstamp, Richard Ma, explained in an interview that the code of Cardano was one of the most sophisticated in the blockchain space and could rival that of client codeEthereum 2.0, Prysm : He believes that the design and testing efforts of the team behind Cardano, paid off, as evidenced by the smooth launch of Shelley.
Shelley and the forks to come
Shelley and its essential functionalities have been deployed on the mainnet of Cardano, July 29, 2020. This update will see the platform move from a centralized network to a decentralized network.
The era Shelley also marks the arrival of staking on Cardano: the course ofADA reached its highest level for 2 years, a phenomenon which may be linked to the development of this activity.
In response to the founder ofEOS, Dan Larimer which called into question the positive advances of Shelley, Charles Hoskinson declared that before the end of this year 2020, smart contracts and native tokens would be arriving en masse on Cardano ; the other advantage of Shelley is at the level of a lower latency, even lower, depending on Hoskinson, to that ofEthereum.
The roadmap of Cardano plans for other hard forks: Basho for improving network interoperability, Guoguen for the creation of decentralized applications and, the last, Voltaire, for the governance of the network.
Cardano therefore has cards under his sleeve, which would allow him to get past Tezos and even a giant like Ethereum. The rigor in the design and writing of Cardano’s source code would therefore soon be rewarded. A serious and in-depth comparison of a “Cardano vs Bitcoin (BTC)” would be welcome, just to see if any altcoin is really able to dethrone the oldest crypto in the future.
Litecoin, welcome in the Silver Age