Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Dogecoin is a cryptocurrency based on the popular "Doge" Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
According to Cuban, market capitalization is not a measure of a project’s success. He insists that Dogecoin has more use cases than Cardano, although the latter has support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for smart contracts.
- According to Cuban, he sees more use cases in Dogecoin that in Cardano
- It does not detract from the potential of Cardano, but it does not yet house a large dapp decentralized application, digital application that runs on a blockchain network and does not rely on a single computer. DApps are free from the control and interference of a central authority.
- He indicated that market capitalization is not a measure of success for projects.
The billionaire entrepreneur and owner of the Dallas Mavericks Mark Cuban recently indicated that Dogecoin has more potential and possible use cases than Cardano.
Cuban’s statements came during an interview conducted for the podcast Altcoin as Bitcoin is the first cryptocurrency that captured the world’s imagination, all other coins were subsequently termed “altcoins,” as in “alternative coins.” Daily , where the renowned investor presented his perspectives on the current state of the market, reviewing the possibilities that each protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. brings with it. Blockchain.
Cardano has not yet seen its potential
Al comentar sobre las diferencias entre Cardano y Dogecoin, Cuban placed particular emphasis on the latter’s potential for decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. applications, and acknowledged that the iconic memecoin memecoins are the crypto tokens created as a joke or meme and claim to offer huge gains to holders. network a network refers to all nodes in the operation of a blockchain at any given moment in time. could harbor more possibilities for use cases than the project spearheaded by Charles Hoskinson’s team and the team at IOHK / IOG.
About Cardano, Cuban commented:
“You know, my thoughts on Cardano are the same as my thoughts on Polygon and Ethereum, there’s got to be a something… I guess people in Africa aren’t using [Cardano] as much as expected, because you don’t see the transactions, you don’t see the fees.”
Although the investor acknowledges that the incorporation of smart contracts expanded the range of options for users of Cardano, argues that this does not seem to have had the impact his development team originally hoped for. However, he does not rule out that such a network Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. can host the next great decentralized application (dApp) of massive use that will revolutionize the entire ecosystem:
“The door is open for that to happen, but it hasn’t happened yet.”
It’s not just market figures that matter
One of the most common indicators to measure the success of a project is the market capitalization of its token, but for Cuban this does not seem to be an indicator that reflects the achievements of the project. Cardano.
In this regard, when asked what he would say to Charles Hoskinson if he were to appear on the programme Shark Tank, Cuban commented:
“Where is your income? There’s this distortion in cryptocurrencies called market an area or arena, online or offline, in which commercial dealings are conducted. cap… You have a small float, you raise the price enough and you have a total number available in the treasury of $1 billion. You convert it into a $10 token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. and now you have a total capitalization of $10 billion.”
In this sense, the investor reflected that the market capitalization also gives a wrong idea of other projects, as is the case of Dogecoin and Shiba Inu, figures that reach USD $9.3 billion and USD $6.7 billion respectively. But he again rescued the idea of the importance of functionality, and here is where he assured that the network of DOGE can outperform Cardano should the case arise.
“I still think Dogecoin has more potentially available applications than Cardano.” Cuban said, adding that there will be even more opportunities once Cuban’s network of DOGE enable support for smart contracts and more use cases.
Vasil is coming
According to previously published reports, Hoskinson and the team of IOHK / IOG indicated that delays in Vasil came about due to a series of errors that occurred in the last stages of development, so it was necessary to move the release date to correct everything in a timely manner.
From the outset, both Hoskinson and his team have made it clear that for them, they Blockchain is not a race against time, but a project to think in the medium / long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. term. Therefore the efforts are put in the development of durable products and not in meeting deadlines to meet current needs.
- Charles Hoskinson says there will be no further delays to the arrival of the Vasil upgrade to Cardano
- Swiss Banzo Sygnum Bank will offer Cardano staking participation in a proof-of-stake (PoS) system to put your tokens in to serve as a validator to the blockchain and receive rewards.
- Elon Musk praised Dogecoin, says it’s better than Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. for transactions
Reporte de Angel Di Matteo / DiarioBitcoin
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