$ADA Things to Know
Evaluation of ADA (Cardano) Cryptocurrency in the Coming Time
1. Overview of ADA and Cardano
ADA is the official cryptocurrency of the Cardano blockchain platform, developed with the goal of becoming a "third-generation blockchain" that addresses the limitations of scalability, security, and sustainability. Cardano stands out due to its research-based approach and advanced Proof-of-Stake (PoS) technology (Ouroboros)
2. Factors Driving Growth Potential
- Technology Updates:
- Basho (the phase focusing on scalability) and Voltaire (decentralized governance) are important upcoming upgrades. If successful, they could enhance network performance and attract developers.
- Support for smart contracts (after the Alonzo upgrade) continues to improve, expanding the DeFi and NFT ecosystem on Cardano.
- Real-World Applications:
- Cardano focuses on blockchain solutions in emerging markets such as Africa, with collaborative projects in Ethiopia (education management) and Tanzania (agriculture). Success in these projects could enhance the real value of ADA.
- The development of the DApp ecosystem (Minswap, SundaeSwap) and stablecoin (DJED) positions ADA with the potential to become a decentralized financial hub.
- Sustainable Advantages:
- Cardano consumes less energy compared to Bitcoin or Ethereum (before transitioning to PoS), aligning with ESG (environmental, social, governance) trends. This attracts organizations and governments
