Adding to that and making something brand new on top of an old thing in another language makes things even harder.Ĭardano investors may have to endure some more before they could see a perfect smart contract launch. Smart Contract building is not an easy task, building it on a whole new development language nobody used in crypto is even harder. This was created to make it faster and cheaper, but at the same time, it is the root of Cardano’s problems. This is mainly caused by the “EUTXO” which is an extended UTXO that Bitcoin uses. This was caused by the one tx per block problem they were having.

For example, a project called “minswap” tested out their project on Cardano testnet and they had to stop it not too long after. So far the solutions offered haven’t been clear, there are certain centralized solutions that would not be ideal, and there is also one tx per block method which is not ideal at all. The most important part of ADA road is to get projects to be on their blockchain and if scalability isn’t there then it will be a big problem. However, testnets are for testing and if the problems are solved they could finally reach the level they always wanted to reach. So far there have been some scalability issues that Cardano promises not to have, which caused some of the projects to close testnet versions forever. With testnet starting the first tests on their testnet on the 5th of September there are some projects checking to see if it is as good as promised. From finance dapps to games to many other applications, Cardano’s blockchain provides the best base for them all.Ĭardano didn’t offer the Smart Contracts so far. ⚡️ Cardano provides the best solution to all project creators. This is why a secure and safe system has big advantages. We can see news of some projects in the DeFi world getting hacked and accounts emptied. With Haskell they hope to make Cardano a lot more safe than any other blockchain. They have talked about how Haskell is a language that is robust and precise which allows Cardano to be more secure. Unlike ETH where people have fee problems or unlike BSC where people have centralization problems.Ĭardano uses Haskell for development language which is rare in the crypto world. This allows any project on Cardano to be both cheap, fast and allows it to grow without any problems at all. But what is Cardano? And why did it seem so much increase this year?Ĭardano is an ecosystem that is building fast, flexible and sustainable growth. Peaking at the third rank on market cap, we could easily say that it has been the best period for Cardano investors as well. Cardano is having the best year of its existence.

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