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.
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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