ADA Grows Its Lead Over Its Competitors; Top Coin for 2022?
2022.06.20 11:16
ADA Grows Its Lead Over Its Competitors; Top Coin for 2022?
- Cardano (ADA) is slowly starting to set itself apart from the rest in the market
- ADA’s main competitors have faced obstacles over the past few months that have restricted their development.
- Compared to its competitors, Cardano has also proven to be more reliable.
Cardano (ADA) is slowly starting to set itself apart from the rest in the market as it continues to grow both from a technology and a community standpoint.
Looking at Cardano’s competitors, Ethereum (ETH) and Solana (SOL), Cardano is slowly starting to break away and establish a lead for itself in terms of development. This is because Solana and Ethereum have been facing obstacles over the past few months that have restricted both networks from reaching their respective next milestones.
Ethereum has been delaying the launch of the Merge, which is an event that will see the Ethereum network shift from a proof-of-work (PoW) consensus to a proof-of-stake (PoS) consensus. This will also enable the Ethereum network to scale and process more transactions per second.
Meanwhile, Solana has experienced a number of network outages over the last few months. In fact, the Solana network has seen seven network outages over the course of 12 months. Notably, these outages have caused Solana’s fast transaction processing capabilities to slowly dwindle. Moreover, the hype surrounding the token is diminishing.
On the other hand, Cardano has been slowly improving over the last few months. Not only are these improvements making the Cardano network more scalable and increasing its transaction processing capabilities, but they are also making the network more decentralized, which is the true use case for blockchain and crypto technology.
Lastly, in comparison with its competitors, Cardano has been the most reliable network with the least amount of outages throughout the years and months while still maintaining a competitive network throughput.
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