Cardano

Genesis

Bitcoin

Avalanche

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cardano-boosts-competitiveness-with-chang-update" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cardano Boosts Competitiveness with Chang Update</a><br></p>
<p style="text-align: justify">Cardano, initially envisioned as a decentralized alternative to Ethereum, has faced criticism over its centralized structure. This critique has been amplified as <a href="https://en.bitcoinhaber.net/solanas-market-surge-could-it-be-the-next-doge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a>, with its rapid network and lower transaction fees, surpassed Cardano in market value. Recently, Avalanche has also emerged as a competitive threat. Cardano’s response has been the Chang update, aiming to enhance transaction speed and security, addressing one of its major drawbacks compared to Solana.</p>
<h2 id="key-changes-to-cardano-s-governance">Key Changes to Cardano’s Governance</h2>
<p style="text-align: justify">When Charles Hoskinson founded Cardano in 2017, his goal was to establish a decentralized blockchain. However, the presence of key centralized entities, such as the multi-sig wallet Genesis keys, undermined this vision. The Chang update removes these keys, transitioning governance authority to anonymous token holders. This shift is expected to reinforce the decentralized nature of Cardano.</p>
<h2 id="optimistic-market-predictions">Optimistic Market Predictions</h2>
<p style="text-align: justify">Market analysts are optimistic about Cardano’s <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> potential. Elliott Wave theory analyst XForceGlobal predicts ADA could reach $3 by mid-2025. King Crypto Aryan suggests that if Bitcoin hits $500,000 in 2025, ADA might soar to $75. These projections indicate strong faith within the ADA community about an imminent rally.</p>
<h2 id="concrete-implications-of-the-chang-update">Concrete Implications of the Chang Update</h2>
<p style="text-align: justify"><strong>Key Insights for Investors:</strong></p>
<ul>
 <li>Governance decentralization might attract more trust and users.</li>
 <li>Improved transaction speed and security can enhance user experience.</li>
 <li>Staking 65% of circulating ADA indicates strong economic security.</li>
 <li>Major <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> accumulating ADA tokens suggest confidence in future growth.</li>
</ul>
<p style="text-align: justify">The Chang update has also garnered the interest of significant investors. By late August, large wallet holders had accumulated 170 million ADA tokens, signaling strong confidence in the update’s potential impact. This support is critical for bolstering Cardano’s market position.</p>
<p style="text-align: justify">With the Chang update, Cardano aims to close the gap with Solana, addressing criticisms and improving its market stance. Enhanced network speed and security may position Cardano as a stronger contender in the cryptocurrency landscape.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cardano-boosts-competitiveness-with-chang-update" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cardano Boosts Competitiveness with Chang Update</a></h5>

Cardano Boosts Competitiveness with Chang Update

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