Features that Set Cardano apart from Others
There are some features that distinguish Cardano, the 8th largest crypto currency, from other cryptocurrencies, but what are these features? Cardano uses the Proof of Stake algorithm and they have a Proof of Stake algorithm they developed. This algorithm, which they call Ouroboros, is one of the first Proof of Stake systems and a proven security system so far. One of the features that distinguishes Cardano from other projects is that Cardano is the first crypto money project built with a scientific approach. Already the founder of Cardano, Charles Haskinson, is a mathematician, that is, a scientist. Apart from this, features such as separating accounting and calculation into different layers, having a group aiming to compete with peer-reviewed research and having academicians in this group can be shown.
What About the Vasil Update?
Cardano’s long-awaited Vasil hard fork update has been delayed for a while and cannot be realized, the developers had targeted September for the update in their latest statement. Recently, the founder of the project, Charles Hoskinson, made a new statement to satisfy their curiosity. In his statement via video, Hoskinson announced that no major problems were encountered and that the update will take place in September if the team does not encounter any additional problems in the coming days. In other words, according to Hoskinson’s statement, if there is no problem, the highly anticipated update will take place this month.
The Vasil hard fork is considered one of the most critical updates for the Cardano network, with this update expected to improve the scaling feature of the network and make Cardano a more efficient platform for smart contracts and decentralized applications.
What Do Experts Say About ADA Price?
After the Vasil hard fork statements made by Charles Hoskinson and several officials from the Cardano development team, there were increases in the ADA price. ADA, which has seen an increase of 0.50% in the last 24 hours, is priced at 45 cents. So what do experts say about the future of ADA?
According to experts and analysts, Cardano can make a strong entrance to 2023 with the Vasil hard fork update. Experts think that the ADA price will be above $10 in 2023. According to the forecasts of longforecast analysts, the ADA price may be much higher than the $10 level in 2023. Wallet Investor analysts predicted a slightly lower price than longforecast. According to Wallet Investor, Ada price will be around $5.5 in 2023 and will rise to $6.80 by the end of the year.
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