Cardano, the best blockchain coming out of this recession?

Cardano, the best blockchain coming out of this recession?

Once the dust settles, we look forward to seeing corpses. All of these blockchain and cryptocurrency projects that will not have survived the wonderful winter night that the blockchain ecosystem is currently going through. In fact, the blockchain landscape will be recomposed. Should we expect Cardano to integrate with the leading runners of the fastest blockchains? For ADA Whale, one of the members of the crypto community on Twitter, this is exactly what will happen.

The hope of ADA Cardano

We already know that Cardano currently working on 20 projects and this network gives good reason not to despair. Last Thursday, the popular account with the “ADA Whale” handle (“@cardano_whale” on Twitter) made some predictions about the future of the Cardano Blockchain. Read his tweet: After the recession, Cardano will be one of the fastest growing chains in the growth space (L1 + L2), with its own ecosystem of stable, DApps / DEXs built by teams of professionals with capabilities not found anywhere else Elsewhere, continue to grow in prominence in NFT, and see a real – world strategy begin to pay off […] “.

Let us look at some of these claims to assess the likelihood of these predictions coming true.

Cardano network speed

Charles Hoskinson, co-founder and CEO of IO Global, expressed his hopes for Vasil’s hard fork in these words: As many of you know, a great matchmaker event hard forkheld in June, the hard fork Vasil, and the pipeline which will be a huge performance upgrade for Cardano, as well as the first set of significant improvements to Plutus since the launch of Plutus in September.»

Inscalability Solutions

In addition to the hard fork IOG is working hard on another project called Hydra.

It has been over two years since IOG’s chief scientist, Professor Aggelos Kiayias, described Hydra in these terms: Scalability is the biggest challenge for blockchain adoption. Applying a principle and evidence-based approach, we came up with a solution for Cardano and similar networks: Hydra. Hydra is the result of extensive research and a decisive step in enabling decentralized networks to scale securely to global demand.»

Hydra aims to increase Cardano’s throughput to one million transactions per second. For Tier 2 (L2) scaling solutions, IOG is currently working on Hydra, which should make the network much faster than Solana is said to be the fastest today. While Solana is capable of driving 65,000 transactions per second, Hydra aims to increase Cardano’s throughput to one million transactions per second by the end of December 2022.

The IS stable tires on Hydra

Cardano currently has a number of projects stable tires the best known is Djed, acoin stable algorithmic. It will be issued by COTI Group. Cardano runs a number of stablecoin projects. The best known is thecoin stableDjed algorithms, which will be issued by fintech startup COTI Group.

The stability of Djed is ensured by the use of smart contracts. He iscoin stablewho can integrate DeFi projects. His white paper states that his protocol “behaves like an autonomous bank that buys and sells stable coins at a price within a range set at a target price. »

On most of the points that ADA Cardano’s tweet addresses, projects have already been launched, which are moving forward. If, in theory, Cardano looks great in the future, experience makes us expect everything to go well, knowing how to maintain a cause.

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Luc Jose Adjinacou

Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and put forward my pen information related to this ecosystem.

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