Community Trust ScoreVerified
While Cardano is not ahead in terms of the price, the community believes they are ahead in terms of purpose and increased Onchain activity. Though some of them ridicule the project, the community are positive because ADA is doing things necessary for the good of the overall environment. It is beginning to be adopted and backed by nations like Africa.
The price trends of ADA is not in correlation with its network growth. OnChain Activity is tremendous. There are 39,449 policies, 3,145 stake pools, 71.4 delegated pools, 900+ Plutus Scripts, 977k Delegated Wallets, 2.58 Million Wallets, 2.5 million native assets minted since March.
Charles Hoskinson talking about Cardano’s advantage is preparedness stated, “We don’t sit around wondering how do we scale. How do we make this secure? How do we know if this is going to work? We already know. We have enormous advantages in our network design, and all those advantages in our consensus protocol design – we know the limitations of the system. And, so it is not a matter of if – but it is simply about how long it will take to roll off.“
For those who are wondering why there are holding on to ADA and Cardano ecosystem when there is no price advantage, there is an exhaustive interview about Cardano – The Path to a Billion Users – worth checking the reasons to be positive about Cardano.
The concepts covered are Humanness in crypto and dealing with negative people; The progress of Cardano; Cardano advantage is preparedness; Path to 3 billion users; Charles Hoskinson on Joe Rogan Effect; Cardano competitors; Being ready for mass adoption; Cardano use case in Texas and other states; How Cardano will achieve scalability; Three hardfork combinator dates; Governance improvements and participation; Why does Cardano get so much scrutiny?; Cardano meeting deadlines in 2022; Bitcoin governance vs. Cardano governance; The people behind Cardano; Are you happy with current level of decentralization?; Cardano and marketing
Lark Davis shared: “Cardano seems behind too many, but it’s actually like 10 steps ahead. Don’t forget.”
Community Reaction: Please be more specific. Explain at least 5 of the 10 steps. Eager to hear. To me, Cardano has 1 thing going for it. The entire community is 100% convinced they have the best coin. In reality, as of now, nothing works well however everyone is clinging to hope.
Can you please explain how is ADA 10 steps ahead of SOL?
ADA hasn’t had to reboot 4 times in the past 90 days. ADA isn’t controlled by a small group of VCs. ADA doesn’t have 40% failed transactions. ADA wrote the book on proof of stake. ADA is fully decentralized. ADA has a vision and a porpoise other than pumping people’s $$.
10 steps ahead of what? It’s still a non-functioning project and the whole price action is pure speculation. It got outperformed by literally everything since September. More people start realizing that there is nothing behind it other than promises and a well-established cult.
Cardano is an ecosystem of 1-2 million people and businesses from people all over the world. This year has been the biggest year for Cardano’s growth ever. There was more on-chain activity in the last 3 months than the entire history of Cardano combined.
ADA is the only altcoin backed by nations and it is already adopted by some African Nations. So, ADA is the king of Altcoins an alternative to Bitcoin.
The faith factor is understandable. However, why do people get attached to coins when we are all out to make dollars? Don’t get attached. Cardano is the safest DeFi ecosystem. Institutions don’t want to invest their money in a poorly secured system.
Exactly, they’re looking at all the coins moving higher in terms of per coin price, but they don’t understand the market cap factor. The way they’re future-proofing the chain and ecosystem is crazy. ADA will eventually surpass ETH in market cap. I’m giving it 5 years – ADA.
Ahead of what? Certainly, there is no chain with a functioning DEX?
Sure, Cardano has written 130 academic reports. Science and Africa – ADA is doing very important big things, but there is still not a DEX.
Cardano is not really ahead of other blockchain projects, yet it is moving like a rocket. Therefore, the sooner the smart contracts begin to actually function at full speed, it will be possible to take another look at this subject.
