Demand Increasing, Cardano’s Growth Reflects Bitcoin’s Development
On December 18, Charles Hoskinson, the founder of Cardano, celebrated the network’s recent growth and compared it to the organic development of Bitcoin. Despite concerns about network congestion, Hoskinson reassured the community that Cardano is designed to handle such loads and has room for future scalability.
Moving Away From “Ghost Chain” Status
Hoskinson addressed the criticism that Cardano was a “ghost chain” with no utility just a few months ago. As the network becomes busier and blocks fill up, he emphasized that the platform is designed to handle rising demand and has room to grow in the future. Cardano’s development is based on peer research and has been progressing systematically.
Cardano Refinements: Will ADA Prices Boom Like Bitcoin?
Cardano is currently in the Basho stage after activating smart contracts. With more dapps launching, the platform is optimizing performance and scalability. Unlike Ethereum, Cardano has stable fees regardless of network load. Hoskinson highlighted the organic growth of Cardano driven by community involvement, similar to how Bitcoin grows.
Cardano’s Growth Compared to Competitors
Cardano’s block saturation is increasing, with block size gradually rising over the past two years. This indicates growth and adoption from app developers. The maximum capacity in Cardano can be adjusted based on transactional demand. While Cardano aims to compete with Ethereum, its fees remain stable unlike its competitors. Whether Cardano will follow Bitcoin’s trajectory in the long run remains to be seen.
Hot Take: Cardano’s Growth Reflects Organic Development and Scalability
Cardano’s recent growth reflects its organic development and scalability. Despite initial criticism, the network has shown its ability to handle increasing demand and has room for future scalability. The platform’s focus on peer research and community involvement sets it apart from other competitors in the smart contract space. Cardano’s block saturation and size are gradually increasing, indicating growth and adoption. With stable fees regardless of network load, Cardano aims to compete with Ethereum in terms of performance and scalability. Whether Cardano will achieve similar success as Bitcoin in the long run remains uncertain, but its progress so far is promising.
By
By
By
By