Cardano Set to Launch Alonzo Upgrade
When Charles Hoskinson founded Cardano (ADA) in 2017, his goal was to launch a fast and scalable blockchain. Because of its Proof of Stake (PoS) consensus mechanism, this goal is getting achieved.
Although the Cardano blockchain provides faster transaction speeds when compared to Ethereum (the industry leader in blockchain use), it lacked Smart Contract capability, a key feature.
Smart Contract capability was what launched Ethereum to the number two spot after Bitcoin.
One factor that has given Cardano a competitive edge over Ethereum is the continuous postponement of its Ethereum 2.0 upgrade, which would transition Ethereum into POS.
Nonetheless, Ethereum has made significant progress in its network upgrade development, with the Berlin fork already in its finished stage and the...
For the remainder of this analysis and the signal to place this trade, please join our VIP group here: https://cryptosignals.org/
