Cardano is one of the most complicated projects to understand at first glance, yet it has a dedicated academic team behind it. It is defined as a third generation blockchain, which aims to solve the problems that the rest of the blockchain have not yet been able to overcome.
It is curious that even though it is a project in development, it has such a large market cap and such a strong fan base that even among the masses it has much more credibility than other projects already completed.
The project is credible and every advance they make can be studied and analyzed because it is completely shared on their website, where they explain in almost exaggerated detail the points at which they have evolved.
No wonder ADA is so well-supported, and it would be no wonder that once the network is 100% deployed
Cardano’s predicted success is so overwhelming that it could beat some crypts on its own territory. Here’s how it could beat the two main altcoins on the market “for now”: Ethereum (ETH) and Ripple (XRP)
However, Cardano in its implementation phase has been able to record times of 20 seconds with a processing capacity of 257 transactions per second, in addition, the scalability characteristics of the project make it a strong contender for Ripple and its centralized payment solutions such as xRapid and xCurrent.
Another area in which Cardano can dethrone Ripple is in the field of scalability. While Ripple prides itself on being upgradeable and adapting its solutions to the growing needs of customers, Cardano’s layer-based architecture provides it with the flexibility to perform a greater number of important forks over time.
This is undoubtedly a compelling reason for pragmatists who only want solutions regardless of more “philosophical” aspects such as non-profit development, decentralized protocol, and Cardano’s focus on scalability and interoperability as clear advantages over Ripple.
Ethereum is the most important altcoin in the world. Its focus on smart contracts development through Turing complete programming languages earned it the title of the second-generation blockchain, however, Cardano will also offer the possibility of developing smart contracts in such a quick and efficient way they could divert the attention of developers to what they may consider a platform with more credibility and development potential.
Even so, Stellar, a crypto conceived as a Ripple competitor also implements its own Smart Contracts platform, so even if Ethereum is today the most widely used network for Smart Contracts, its lead could not last long.
At the end of the day, future analyses are mere speculations, but the Cardano project is one that is worth following.
Overall as I have said earlier, I am bullish about this project and am heavily invested in cardano! I believe in the project and I am not selling any of my ADA atleast till 2020!
Also read: Cardano: Why I am bullish about the project