Cardano is the hottest smart contract of 2020

Cardano is the hottest smart contract of 2020

By Vms_Crypto | Vee | 28 Jun 2020


In 2017-2018 smart contracts were considered the next big thing in crypto. This stood to prove true as we saw Ethereum make astronomical gains in those years peaking at around $1,400 per coin, making early investors into millionaires.

It seems the hype is returning yet again in 2020 with smart contract coins out performing Bitcoin. In first place is Cardano with gains of 157% and second place is Ethereum at 85% gains from start of year. 

Cardano is being boosted by its upgrades named Shelly. It will enable Cardano to be a proof of stake consensus. At the end of the Shelly era it may be possible to conduct a 1,000 transactions per second and is said it will be 50-100 times more decentralised than other major blockchains. 

The founder of Cardano Charles Hoskinson has been quoted by saying "This upgrade will allow Cardano to encroach on the market share of Ethereum"  in a recent interview with Messari's CEO.

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There clearly is no doubt that Cardano has a bright future ahead, both technically and financially. Investors should soon be racking in the rewards, although over night riches should not be expected.

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Thanks for reading,

Vee


Vms_Crypto
Vms_Crypto

Crypto enthusiast, investor and fundamentalist.


Vee
Vee

Hi there, first of all I'd like to say thanks for taking your time reading my content, I really appreciate it. My name is Vee and I'm a crypto or more presicley a Bitcoin fundamentalist. Ever since I stumbled upon the word Bitcoin I had been fascinated by it and started a deep web journey to find out more and how it is a revolutionary concept that has the ability to shake up financial world as we know today. A follow would be awesome to keep upto date with my findings...

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