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At the beginning of this year, Cardano (ADA) surprised the market with a fever that has become viral for a couple of weeks if not months. Those who suffered from this disease were inclined to constantly talk about the coin along with its projects. The infected have also been seen to predict and hope for a wonderful market performance for this year, as the digital currency and its management are dedicated to keeping promises related to its road map.
And by looking at the basic concepts and the roadmap of money, it is safe to say that once the major Cardano (ADA) network is up and running, the digital currency will give the most relevant coins such as the sleepless nights Ethereum (ETH) and Ripple (XRP) as I will try to work out. [19659003] Classified as 7 th the world's most popular virtual currency with a market capitalization of over 3.7 billion US dollars, Cardano confirms itself as one of the most important encryption projects in the ecosystem of criptovalute. According to Weiss Rating published in May 2018, Cardano has been rated as one of the most promising coins in the digital sphere with a reliable and transparent team.
Cardano (ADA) Vs. Ripple (XRP)
As many may not know, Cardano (ADA) is a virtual currency that facilitates fast and direct money transfer on its blockchain network. Regarding transaction speeds or durations, the number has yet to be confirmed by the Cardano team; many analysts differ for the 3.3 seconds defeat for Ripple transactions. If these assumptions are something to go on, Cardano could be the fastest virtual technology and blockchain technology here to start and implement transactions.
In addition, Cardano's platform is believed to run financial applications that can be used for everyday activities by normal people like you and me, from institutions and nations. From the sound of this, it seems that Cardano (ADA) will be competing with Ripple's projects namely xCurrent, xRapid and xVia.
Thanks to their deserving developers, the Cardano network is developed in layers that give the system the flexibility and ability to be easily maintained and updated. Cardano is usually updated using the soft forks and, given its upgradeable capacity, Cardano (ADA) competes hand in hand with Ripple, which is also upgradable. Ripple released its recent update, Ripple v.0.90.1.
In addition, when it comes to price, Cardano is much cheaper and cheaper than Ripple (XRP) in virtual currency markets today. It offers an untapped source of investment as there is not much hype around the digital token at the moment as the Cardano blockchain project is being executed as a non-profit project.
Cardano Vs. Ethereum
In the case of the Parity incident, the Ethereum smart contracts proved vulnerable considering the case where a casual user managed to block and hold over $ 200 million in US dollars hostage in the form of a smart contract. Cardano also has the ability to offer smart contracts on its platform more securely and in a shorter period than Ethereum.
All in all, Cardano seems to be a present and future threat to Ethereum (ETH) and Ripple (XRP). Keep an eye on this crypt; it's not just another blockchain project, it's something "real" under construction.
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Disclaimer: This article should not be taken as and is not intended to provide investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer
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