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ap17   Sunday, 11/21/21 09:45:05 PM
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FROM MF site;
Cardano: 704,000 average monthly searches
The third cryptocurrency generating a boatload of buzz is Cardano (CRYPTO:ADA). You'll note that the 704,000 average-monthly searches Cardano generates in the U.S. are only about a tenth of the interest shown toward Dogecoin. But unlike Dogecoin and Shiba Inu, Cardano offers real-world potential.

Arguably the best aspect of Cardano has been the transparency of its development team and the clearly defined steps being taken to improve speed, function, security, governance, and scalability. For instance, the Shelley upgrade that took place in late July 2020 increased the number of nodes network participants could run, which led to rapid scaling. In less than a year, Cardano went from handling 2,000 transactions daily on its blockchain to more than 100,000.

Two months ago, the much-anticipated Goguen update took place. Goguen is key because it introduces smart contracts to the network. Similar to Ethereum, these smart contracts will allow developers to create financially focused and nonfinancial decentralized applications.

Up next will be the Hydra upgrade, which is focused on boosting scalability. For some context, Ethereum is currently processing around 13 transactions per second (TPS). Cardano hit approximately 250 TPS four years ago and could theoretically make a run at 1,000,000 TPS following the launch, testing, and scaling of Hydra.

There's real long-term potential here, and crypto investors have a reason to be excited.

The difference between genius and stupidity is, Genius has its limits.
Albert Einstein
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