Cardano is one of the world’s most popular cryptocurrencies and it has a large following. The total market capitalization for Cardano sits at $8,370,762,140 and its ADA token is valued at $0.322858. While the price per token is still struggling below the US dollar, experts are saying that Cardano might overtake Ethereum in the upcoming future.
First off, we need to mention that Cardano is a third-generation cryptocurrency that’s been specially designed for dApp (decentralized apps) development which can be used to create program blockchains and smart contracts. Nonetheless, let’s check out the top three reasons why Cardano will surpass Ethereum in the years to come.
Ouroboros POS (proof-of-stake) Security Protocol
One of the things that makes Cardano stand out when compared against other cryptocurrencies is that it uses the Ouroboros POS security protocol. At the moment, Ethereum uses POW which is known for having its fair share of issues and because of that, Ethereum wants to implement POS system as well. However, Cardano has the upper hand at the moment because its Ouroboros POS is mathematically proven to be safe.
The Community Votes On Major Decisions
Another great thing about Cardano is that it plans to use a blockchain based style of governance that will ask token holders to vote on major decisions. Therefore, the Cardano community will play a major role in the development of the cryptocurrency and everything else that matters. In addition, this feature will require a certain number of votes before the developers can implement any new protocol.
Haskell Coding Language
Ethereum is known for using its own coding language that is developed and optimized to create smart contracts. On the other hand, Cardano wants to take things to the next level by using the Haskell coding language. This language is more precise than what Ethereum has to offer and it uses mathematical verification code which reduces the chance for human errors.