Cardano (CRYPTO:ADA) emerges as a possible prime cryptocurrency to look at on this dialog between Fool.com contributor Chris MacDonald and The Motley Idiot’s Eric Bleeker on “The Crypto Present,” from Backstage Go, recorded on Oct. 20.
Eric Bleeker: Let’s transfer on to the final one, which is Cardano, is one other potential concept on competitor and now it is now Ethereum (CRYPTO:ETH) on this record. Much like Solana (CRYPTO:SOL), however somewhat bit bigger. So do you need to speak about why Cardano made the record?
Chris MacDonald: Yeah. Cardano is much like Solana. Most likely the 2 issues that intrigue me about Solana are scalability and it is interoperability. I believe these are the 2 distinctive elements which might be centered on with Cardano.
So one of many issues about Cardano that is fascinating is the Cardano community has an intriguing option to validate blocks and the way blocks are validated. They’re break up up into varied slots the place the nodes will validate sure — it is chopped up, basically, like your entire blockchain is chopped up and divided. Because it grows, it will get divided an increasing number of. In order extra customers come onto the community, the validators in concept will enhance as nicely to permit the community to hurry up over time, whereas loads of different blockchain networks will see a slowing in charges ramp up over time.
So it is very scalable. It is probably the most scalable on the market in that regard.
When it comes to interoperability, Cardano permits for the bridging between its community and different cryptocurrencies and different blockchain networks through the KMZ aspect chain protocol. That permits for bigger scale tasks to be taken on by builders crossing over varied blockchains. It means that maybe we’re shifting towards extra of an built-in crypto group proper now. It is fairly siloed, once you’re on one blockchain, builders are compelled to remain on that blockchain, however Cardano offers some actual fascinating utility in that regard.
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