1. The issues of blockchains like Ethereum (ETH) and Solana (SOL):
• Ethereum (ETH):
• Although it is a leading smart contract platform, high gas fees and scalability remain unresolved issues, despite some improvements with Ethereum 2.0.
• Transaction speeds are also slower compared to other blockchains.
• Solana (SOL):
• High speed and low fees are advantages, but they come at the cost of decentralization.
• Solana has experienced many downtimes in the past few years, diminishing community trust.
2. Why is Cardano (ADA) the 'true love'?
• Safe and transparent:
Cardano applies a scientific development process, using peer-reviewed research papers, ensuring transparency and superior safety compared to many other blockchains.
• Ouroboros consensus model:
Using the Proof of Stake (PoS) mechanism, Cardano not only saves energy but also ensures high security and scalability.
• The ecosystem is rapidly developing:
Cardano does not follow the path of 'rapid development but prone to errors' but focuses on long-term stability and scalability. Currently, many dApps, DeFi, and NFTs have started to choose ADA as their platform.
• Low fees and environmentally friendly:
Compared to Ethereum, transaction fees on Cardano are significantly lower. At the same time, the use of PoS allows ADA to consume much less energy than many PoW blockchains (like Bitcoin).
3. My personal opinion:
• ADA is truly an attractive option for those seeking safety, stability, and transparency. However, Cardano is also facing some challenges, such as slow application development in the ecosystem and strong competition from other blockchains.
• Investing in ADA requires a long-term perspective, as the Cardano team focuses on quality over speed, which may cause some investors to be impatient.
If you believe in the core value that Cardano brings, this is definitely a worthy choice for a long-term investment strategy. Keep the faith and always closely monitor the developments of this ecosystem! #Ada #eth #sol
