The Cardano project has been shipped in the last few months and after the activation of Shelley , which led to the transition from PoW consensus to PoS, it is preparing for a new update called Goguen. Remember that updates on the Cardano blockchain do not require a Hard Fork because the network is designed in such a way as to be sustainable in that sense. An HF requires constant updates with exchanges and it is not easy to manage everything, especially the immense work that the developers are doing followed by CEO Charles Hoskinson .
At the end of the Goguen update, Cardano will be able to activate smart contracts on its blockchain and start trying to fight Ethereum. The biggest challenge will be to divert the attention of developers and investors from Vitalik Buterin's blockchain which currently attracts billions of dollars in capital. Cardano offers a better and more efficient facility with ADA fraction rates unlike the Ether gas which still remains high these days. We'll see how Charles manages to convince them.
Meanwhile, in recent weeks, the price of ADA has more than doubled, going from about $ 0.10 and touching $ 0.40, an increase that coincided with an exponential increase in the activity of #Cardano and #ADA on Twitter. There is a lot of news floating around Cardano, among which it seems that there are contacts between Charles and IOTA to start verifying the interoperability between the two blockchains, as Cointelehraph states following a conversation on the IOTA Discord channel between a user and co-founder Dominik Schiener.
To all this I remember the contacts also with Litecoin for the purpose of a cooperation between the two blockchains that could also provide impetus to the Charlie Lee project and create a real super team in an attempt to grab Bitcoin and Ethereum, currently the first two blockchains. per capitaization.
Cardano's founder also spoke about the future of decentralized finance and how the team plans to take a lead in the DeFi industry by developing partnerships on the African continent. According to Hoskinson, DeFi's true potential will unfold in developing countries, where it sees opportunities to acquire 100 million new users over the next three years.
Staking Rewards confirmed that Cardano is the largest Staking network in the world with 70% of the coins locked in stakes by users. This is a big sign of reliability for the network and for ADA investors who firmly believe in the project and are willing to help and invest. Cardano has a lot of potential and to date has not been able to express itself in a concrete way to date. 2021 will be a springboard year because the application of smart contracts will be the first concrete step in the blockchain and I am convinced that there are already collaborations underway for the launch of some projects. Which? We will find out only in the coming weeks!
