Numerous startups in the blockchain industry have been grappling with a couple of significant issues for years now – the scalability and sustainability of Ethereum. Slow transaction speeds, considerable energy requirements, and high fees mean that working with ETH can be at odds with the principles of many blockchain-powered businesses and founders.
Cardano (ADA) is one solution that aims to solve the problems related to Ethereum’s scalability, interoperability, and sustainability. Rather than a proof of work model, it uses a newer consensus mechanism called proof of stake (PoS). Ethereum 2.0, designed to solve the original Ethereum’s issues, utilizes PoS, as do Tezos and other more recent cryptocurrencies, and while Ethereum 2.0 is on the way, progress is slow.
While many of the well-known cryptocurrencies and hundreds of “altcoins” recorded a sharp decrease in value recently (leading many to dub the current period in blockchain as a “crypto winter”), Cardano bucked the trend –...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...