Speedy

Cardano

Toncoin

Ouroboros

Shiba Inu

<div class="finbold">
 <p class="paragraph">As the Cardano (ADA) community awaits its next critical update – a Chang hard fork set for late June, cryptocurrency traders and investors might want to use the time left to accumulate the popular token and strengthen their positions before a possible bullish rally ignited by the upgrade.</p>
 <p class="paragraph">Indeed, Cardano is preparing for its Chang hard fork to enhance governance, boost functionality and responsiveness in the bull market, and officially mark the completion of the Voltaire phase of Cardano’s roadmap, which will also include the drafting of the Cardano Constitution in Buenos Aires.</p>
 <p class="paragraph">With the upcoming event, announced earlier this year by Cardano’s founder Charles Hoskinson, there are three important <a rel="noopener noreferrer nofollow" title="reasons" href="https://thebittimes.com/tag/reasons.html">reasons</a> to invest in the token that has recently beaten Toncoin (TON) and Shiba Inu (SHIB) to become the ninth-largest asset in the crypto sector by market capitalization.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Shocking 3-year losses on a $1K investment in Cathie Wood's ARK ETF <span class="self-center text-xs text-slate-500">36 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Louisiana senator John Kennedy's net worth revealed <span class="self-center text-xs text-slate-500">4 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    How rich is Ohio senator Sherrod Brown; Sherrod Brown's net worth revealed <span class="self-center text-xs text-slate-500">4 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Biden's surprising crypto shift: A secret weapon against Trump in 2024? <span class="self-center text-xs text-slate-500">20 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-1-climate-friendly">#1 Climate-friendly</h2>
 <p class="paragraph">First of all, Cardano is among the most environmentally friendly blockchain systems in terms of reducing the environmental impact of its operations, as its Proof-of-Stake (PoS) Ouroboros protocol is reportedly more energy efficient than traditional Proof-of-Work (PoW) systems.</p>
 <p class="paragraph">Specifically, Hoskinson himself said in an interview in 2021 that Cardano was “1.6 million times more energy efficient” than the flagship decentralized finance (DeFi) asset and industry representative, Bitcoin (BTC). As he explained at the time, the secret ingredient was the PoS algorithm:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“The advantage of Proof-of-Stake is that because you don’t have that gargantuan overhead and energy expenditure for deciding who gets to make a block, it means you can put a lot of your magic in the other two stages. So you end up getting protocols that are much lighter and massively more energy efficient.”</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-2-speedy-and-cheap-transactions">#2 Speedy and cheap transactions</h2>
 <p class="paragraph">On top of that, Cardano also claims to facilitate faster transfers than many of its peers, boasting about 1,000 transactions per second (TPS) in simulations, and aiming toward one million TPS, in contrast to around 8-10 TPS for Bitcoin and between 15 and 45 TPS for Ethereum (ETH).</p>
 <p class="paragraph">Additionally, the cost of these transactions is reportedly much lower than lots of its competitors, amounting to an average price of $0.17 for every transaction, although Solana (SOL) is one of its peers that seems to be currently doing slightly better in this field, as it only costs $0.00025 to transact there.</p>
 <h2 class="wp-block-heading" id="h-3-peer-reviewed-blockchain">#3 Peer-reviewed blockchain</h2>
 <p class="paragraph">Strongly advocating for the values of self-custody and decentralization, the versatile and innovative Cardano blockchain is the result of constant work by experienced computer scientists, cryptographers, and other experts to generate an advanced, peer-reviewed network with a bright future.</p>
 <p class="paragraph">In fact, as Henrik Gebbing, co-CEO and co-founder of Finoa, a crypto asset custodian, pointed out:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“Its nature as an open-source and peer-reviewed blockchain helps ensure its survival and evolution beyond that of its parent organization.”</p>
 </blockquote>
 <h2 class="wp-block-heading" id="conclusion">Conclusion</h2>
 <p class="paragraph">All things considered, crypto traders could be looking at a profit with ADA after its update, particularly as the announcement itself had triggered a bullish move, while ADA is currently trading at $0.45, down 0.66% on the day and 2.95% across the week, but gaining 5.48% in the last month, as per data on May 31.</p>
 <p class="paragraph">That said, things in the digital asset industry can sometimes change on a whim, so doing one’s own detailed research and weighing all the potential risks (and coming to terms with them), as well as keeping up with all Cardano news, is critical when investing.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/3-brilliant-reasons-to-buy-cardano-before-its-chang-hard-fork-tbt90654.html">https://thebittimes.com/3-brilliant-reasons-to-buy-cardano-before-its-chang-hard-fork-tbt90654.html</a></p>

3 brilliant reasons to buy Cardano before its Chang hard fork

Table of Contents

TheBitTimes

Outros artigos publicados em 31 de mai. de 2024

Notcoin Surges 51% Post Launch of Earning Missions

Trump Says “Real Verdict” Will Be On Election Day, Elon Musk Shows Support

Bitcoin firm, Texas university partner for $5M endowment fund

Investors Analyze Terra, LUNC, and Solana Coins

Best Meme Coins To Invest In Today Friday, May 31 – DogeDash, Lovely Inu, Sealana, Real Smurf Cat

The 1inch Fusion API: revving up the performance of wallets and CEXes

Join our free newsletter for daily crypto updates!