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E-money exchange rating

$ADA Whale Explains Why ‘Cardano Is Special’

5

$ADA Whale Explains Why ‘Cardano Is Special’

Recently, one highly popular pseudonymous Cardano ($ADA) whale explained (in an impressive Twitter thread) to those potential investors who are not sure about Cardano why it is “special” and why its community feels so excited about Cardano’s long-term prospects.

Cardano in Numbers

  • TVL 1M +69% 7d +21%
  • Transactions 4x YoY (150k)
  • NFT vol ~$1m/day
  • Block prod pools: 1,200
  • Projects building: 517
  • Reddit subs 694k (55% Eth, 350% Σ Sol+Avax+Terra)
  • Self-funding last round, votes / projects funded: 257,000 / 269
  • Scaling

    There are lots of scaling solutions in the works, such as “Isomorphic state channels w/ code execution (Hydra)”, “BFT side chains, security guarantees of L1”, “zk rollups (Orbis)”, and “Improvements in block propagation, DAG mechanisms”. Apparently, most pf these are expected to go live in the “near term” (with the June hard fork expected to help the Cardano blockchain to scale “massively”).

    E-money exchange rating

    Focus on Real-World Pain Points

    Here are a few examples:

  • Decentralised Digital ID for KYC inclined
  • Self-funding, also real-world projects
  • Telecom (Dish, World Mobile)
  • Micropayments (Hydra)
  • Governance solutions (Ethiopia)
  • Dapp store, for your dad
  • Drag&drop SC
  • Decentralied On-Chain Governance

    Cardano has sustainable governance “baked in”; there is “a self-funded, self-governed decentralized open-source system to manage identity, value, and governance”.

    Huge Hidden Strengths of Its DeFi Support

    A few examples are “Haskell, eUTxO, off-scale computing, and native assets.” This “great mix” allows building “applications with crypto bonds, complex derivatives, etc.”

    Expected Upcoming Growth in TVL

    Stablecoins are “coming soon via various venues.” Ardana “(3ac funded, central banker on the team)” could be Cardano’s answer to Terra’s Anchor Protocol. Liqwid could serve similar needs as Ethereum’s Compound. And Aada could be the equivalent of Ethereum’s AAVE.

    $ADA Is Sound Money

    Cardano’s “monetary policy and $ADA hardness is second only to perhaps Bitcoin” since “only thousands of people agreeing in governance could ever change it.”

    Disclaimer

    The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

    Image Credit

    Featured Image by “Quantitatives” via Unsplash.com

    Source: www.cryptoglobe.com

    E-money exchange rating
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