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Coming on Cardano
Cardano was founded in 2015 by Ethereum Co-Founder Charles Hoskinson. The development of the project is overseen and supervised by the Cardano Foundation, in Zug. As Cardano recently announced to allow smartcontract deployment in the Alonzo upgrade, we are looking at a whole ecosystem that gets deployed, just like Ethereum, Solana, Binance Smartchain, etc.
Decentralized Finance, also known as DeFi, caused the Ethereum network to become overloaded with the average transaction cost of the slowest transaction broadcasting amounts to 25$ during rush hour. Smartcontract interaction, like trading on Uniswap, brought the average transaction cost quickly to 57$.
Figure 1: Gas price comparison
Many projects bridged to the Binance Smart Chain for faster transactions and lower transaction fees, but for a DeFi suite that requires high-frequency interaction with the blockchain, like ADA Finance, the Binance Smart Chain is simply not good enough. After research, the Cardano blockchain has the best papers where we see the most benefits for our community. With the energy consumption of crypto currencies becoming a global topic for discussion, Cardano is top of the class, making it the best possible partner for ADA Finance.
Figure 2: Blockchain features and performance

Last modified 3mo ago
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