Yesterday, in one of his many twitter replies, Vitalik Buterin said something to the effect that all coins that are not proof-of-stake are going to zero. And this is something that Cardano ADA investors should be excited about. That’s because Cardano is not just another proof-of-stake crypto, it happens to have the only proven and verified proof-of-stake algorithm in the market.
This goes to show that the Cardano ADA team has got everything right from the very start. The Cardano proof-of-stake algorithm makes Cardano extremely scalable and perfectly suited to handle all kinds of Dapps, with no problems to the network. While Ethereum and the many of the rest grapple with issues of scalability, Cardano will be gaining market share on the basis of its technical capabilities. This is the only project that could anchor world-changing applications, especially those targeted at the finance industry in the near future, and do so perfectly.
Cardano has achieved this by taking the time to come up with a perfect product, rather than rushing things through, only to come up with a half-baked project. This is clear not just in Ouroboros, but also in the fact that Cardano is 50% through in building quantum resistance. Quantum computers are on the way, and once they hit the markets, most blockchain projects will be extremely vulnerable. As such, by having built-in quantum resistance, it stands out as one of the most secure blockchains in the market. This aspect to it will in the future draw in Dapps developers looking to create applications for sensitive industries such as finance, among others.
As the edge of the Cardano blockchain becomes clearer in the market, its value will begin to rise too. However, this may take time since the project is still a work-in-progress. As such, any investment put into Cardano should have a long-term view in mind. This is a project that is taking time to create perfection, and its value will not become clear overnight. You just need to connect the dots on what they are doing, relative to the rest of the market, and you will realize that this is something big in the making.
With cracks beginning to show in Proof-of-Work blockchains in terms of operating efficiently at scale, Cardano offers the biggest promise in the market. It just goes to show that when Charles Hoskinson said that they are building a trillion dollar platform, he wasn’t bluffing. He could conceptualize the scope of what Cardano can achieve once it is complete, and how much this would impact on its value. Today’s investors in Cardano (ADA) could look like financial geniuses in a few years.