Cryptocoin - New contracts considered in 2017 and 2018 as a new big step in the cryptocurrency world
Ethereum had reached about $ 1,400 at the time. ICOs, hoping for evolution in smart contract technology, collected billion dollars.
But two years later, the smart contract event is back; Crypto assets in the smart contract industry have outperformed Bitcoin since the beginning of 2020.
It's Been A Good Year So Far For Smart Contract Focused Crypto Assets: Messari Data
According to the values of the crypto research firm Messari, many smart contract oriented cryptocurrencies performed really well in 2020.
In the first place, ADA has increased by 157% since the beginning of the year. The second is Ethereum, with an 85% increase since the beginning of the year. The third is VET, with an increase of 70% since the beginning of the year.
This is a fascinating increase. Because BTC has increased by about 25% since the beginning of the year at the time of writing this article.
Cardano gets stronger with Shelly
So far, ADA is the best performing smart contract coin. Shelly is a step in the arrangement of Cardano that will optimize the blockchain for decentralization and functionality. As the Cardano Foundation explains:
“Shelly will also offer the implementation of a delegation and incentive program, prize pools, and a reward system for community adoption… By the end of the Shelly era, we expect Cardano to be 50-100 times more decentralized than other major blockchain networks. "
Charles Hoskinson, founder of Cardano, says that the blockchain can process 1,000 transactions per second in the future due to Shelly and other upgrades.
In a recent interview with Messari's CEO, he added that this upgrade would allow Cardano to capture Ethereum's market share in smart contracts.