Recently, the host of popular crypto trading and market analysis show “Coin Bureau” said that Cardano will generate a new wave of innovation similar to the launch of Ethereum.
During a YouTube video released on September 18, Coin Bureau’s host “Guy” told the channel’s over 1.38 million subscribers that we will soon witness a wave of Cardano decentralized applications (DApps), bringing an “explosion” of crypto innovation.
As reported by The Daily Hodl, Guy said:
We are now on the brink of another explosion in crypto innovation, the likes of which we haven’t seen since Ethereum launched back in 2015, and early adopters will stand to reap the greatest rewards.
Guy said Cardano’s staking system was appealing because it encourages decentralization:
The staking rewards decline if there is too much Cardano in a single pool. This encourages decentralization…
The host continued:
ADA’s staking rewards are currently around 4.5% per year, and the fact that there is no staking lock or unlock time makes it a no-brainer to do so, hence, why nearly 70% of ADA’s supply is currently being staked. This makes Cardano the highest valued blockchain by active stake.
Guy noted that the platform had 1.6 million users and “arguably the most active” base in the industry of crypto. However, he called the massive user base a potential double-edged sword for developers unsure if their apps would be able to handle the network traffic.
He concluded that “almost every single” Cardano project was dragging out its market launch date in order to better stress test their infrastructure. Guy said Dapps rushed to market were danger of being “wrecked.”
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
Image Credit
Image by Gerd Altmann from Pixabay
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