Cardano Smart Contracts coming soon?

Sayeds56

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Eloncoin.org - Mars, here we come!

Quote from: JumboCactuar on August 13, 2021, 06:11:43 PM

can see a new ath in near future but i'm still unconvinced ADA can live up to all the hype

The smart contract of Cardano was launched as per schedule but it didn't make any positive impact on its price due to bearish Bitcoin market. Generally smart traders buy on rumor and sell on news and exactly same thing happened. Its ATH is 2.87 as reported on coinmarketcap which I am pretty sure will be broken once Bitcoin market stabilizes above 50K and that is likely to happen before the end of 2021.

evichi

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The Alonso project will make a major change in Cardano ecosystem. But it will take sometime because these other coins (Bitcoin, Ethereum and Binance) are already very strong in the crypto space. Cardano have some performance advantages over Ethereum, like - lower energy usage, speed of transaction, blockchain (Proof-of-stake as against Proof-of-work for Ethereum), etc. You can take a look on comment (https://bitcointalksearch.org/topic/m.57924648). Ethereum is working towards upgrade to Proof-of-Stake (Ethereum 2.0). Though Cardano has risen to be the 3rd in Coinmarketcap, I think it is still not popular, the team need to work hard to create more awareness on the benefits of using the coin blockchain so that it will have more usability like Ethereum (more Smart contracts, DApps/DeFi on its blockchain) and that is when it begins to compete favorably with Ethereum and Binance. In comparison to Bitcoin, Cardano have a long way to go. Bitcoin have dominated the crypto market for years. It will take years for that to happen. Bitcoin will remain the King of Crypto for a long time!

superman184

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Quote from: ardydyon on August 13, 2021, 02:54:50 AM

Cardano (ADA) is scheduled to upgrade its existing network they call it the Alonso Hard Fork. The biggest upgrade of this cardano has
privileges capable of facilitating smart contracts on its network. If the cardano smart contract really happens
do you think cardano will be able to become a rival to bitcoin, ethereum and binance?
Your opinion its appreciated in this discussion.

I reviewed this price update over the last few days, Prices have skyrocketed and basically it's the best. I just got some summary about Alonzo Hard Fork and there are some good things compare to other Cardano Smart Contract like Ethereum, One of them is Plutus smart contract, I still don't really understand about this Fork but it will be very big and can compete with Ethereum because have the same use case, Let's see what happens next!!!

Almasani

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Quote from: ardydyon on August 13, 2021, 02:54:50 AM

Cardano (ADA) is scheduled to upgrade its existing network they call it the Alonso Hard Fork. The biggest upgrade of this cardano has
privileges capable of facilitating smart contracts on its network. If the cardano smart contract really happens
do you think cardano will be able to become a rival to bitcoin, ethereum and binance?
Your opinion its appreciated in this discussion.

Basically, Bitcoin is a single coin that we can't possibly compare with the coins that are planning to develop smart contracts. Apart from that, crypto market conditions are highly dependent on Bitcoin conditions. If Bitcoin drops, almost all altcoins drop. Under these conditions, it is clear that Cardano is unlikely to be able to compete with Bitcoin.
Ethereum is one of the coins that have smart contracts with the largest number of altcoins. Most of the projects that have been developed now are sourced from the Ethereum blockchain. Could Cardano still new to smart contracts be Ethereum's competitor? Of course, this is a difficult one.
Binance is relatively new to the concept of smart contracts, even though the Binance chain has previously been developed. But you could say it failed. However, with the arrival of BSC, many new projects are starting to use Binance smart contracts. So the opportunities for binance will be greater. But there is a possibility that Cardano will be a competitor to Binance going forward.

Ziskinberg

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Quote from: ardydyon on August 13, 2021, 02:54:50 AM

Cardano (ADA) is scheduled to upgrade its existing network they call it the Alonso Hard Fork. The biggest upgrade of this cardano has
privileges capable of facilitating smart contracts on its network. If the cardano smart contract really happens
do you think cardano will be able to become a rival to bitcoin, ethereum and binance?
Your opinion its appreciated in this discussion.

It could become a rival on Ethereum and BNB, but not on bitcoin because the competition is only among the altcoins in the altcoins market. Bitcoin will always lead the market, hence it will stay at the number 1 position, and there's no threat that it will be dethrown by any altcoins even ETH which are currently sitting at the number 2 in overall standing.

That's a great job by the devs, the way to compete with ETH and BNB is to have a smart contract too.

Yalalagh

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The financial industry is a constantly evolving field, and blockchain technology is a revolutionary addition to it. For years, people have supported the concept of traditional finance, which includes banks, fintech, and more recently, third-party payment services such as PayPal, Cashapp and Skrill. However, the traditional financial sector has many disadvantages associated with it. So I think yes, they are coming soon.
Source: https://blockster.com/blockdesk/1259_can-the-future-of-fintech-really-be-found-in-blockchain-based-smart-contracts

goolesby

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Gistcoin

These smart contracts can be used to run DeFi decentralized finance, decentralized applications (dApps), and Non-Fungible Tokens (NFT). Cardano has succeeded in displacing Binance Coin (BNB) from the top 3 largest cryptocurrencies in the world by market capitalization.
Of the many crypto coins that are touted to be the 'ethereum killer' including Solana (SOL), Polkadot (DOT), Terra (LUNA), Algorand (ALGO) and so on, of all of them only Cardano crypto is in first place against the dominance of the Ethereum giant with developments and a number of interesting projects, but to compete with bitcoin I don't think it's time yet.

cabron

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Quote from: DOH! on September 11, 2021, 11:27:17 AM

I think, The attraction and expansion of ADA is being focused on the Smart contract that will be upgraded on the mainnet tomorrow, September 12. These are the factors driving a large amount of volume on ADA today with growth wicking bitcoin's dominance in the overall market. The current ADA has a lot of strength and is unstoppable to its ascension. ADA and SOL are in the ultimate sublimation cycle

Well, that's what the team focuses but speculators seem disappointed with what goes on with the price already. The price spiked so much in the previous month that it overwhelms the market. the growth will just be determined when ADA gains more projects to their network.

I saw today there is already a project promotion for ADAL, a dex for ADA tokens and it seems promising, they are heading in their direction.

DOH!

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I think, The attraction and expansion of ADA is being focused on the Smart contract that will be upgraded on the mainnet tomorrow, September 12. These are the factors driving a large amount of volume on ADA today with growth wicking bitcoin's dominance in the overall market. The current ADA has a lot of strength and is unstoppable to its ascension. ADA and SOL are in the ultimate sublimation cycle

junkerr

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Quote from: Koro-Sensei on September 11, 2021, 10:40:18 AM

Quote from: m.rifki on September 11, 2021, 10:21:20 AM

The existence of smart contracts will solidify Cardano's position in the crypto market, and will definitely make the competition for big coins hotter, considering that Cardano has now ranked 5th on coinmarketcap, let's see what Cardano smart contracts will show.

I think they will not satisfy the expectations of their investors. I doubt their ability to compete with smart contracts giants Ethereum and would end like others who tried to do the same. I expect that Cardano's price will lower down once its Smart contracts would be implemented. Better if you take profit now and try to minimize the risk of losing.

that's your hope. but for those who believe in the Cardano community and project of course they hope this update is a success and will build a viable ecosystem.
but I see many also doubt the success of Cardano in this update. this is related to a product from Cardano which is not clear. but why have a large community and market?

Koro-Sensei

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Quote from: m.rifki on September 11, 2021, 10:21:20 AM

The existence of smart contracts will solidify Cardano's position in the crypto market, and will definitely make the competition for big coins hotter, considering that Cardano has now ranked 5th on coinmarketcap, let's see what Cardano smart contracts will show.

I think they will not satisfy the expectations of their investors. I doubt their ability to compete with smart contracts giants Ethereum and would end like others who tried to do the same. I expect that Cardano's price will lower down once its Smart contracts would be implemented. Better if you take profit now and try to minimize the risk of losing.

19Nov16

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Quote from: m.rifki on September 11, 2021, 10:21:20 AM

The existence of smart contracts will solidify Cardano's position in the crypto market, and will definitely make the competition for big coins hotter, considering that Cardano has now ranked 5th on coinmarketcap, let's see what Cardano smart contracts will show.

It's been a month Cardano ranked 3rd, of course this is good news, I'm holding on to Cardano a bit and can't wait to see Cardano based tokens shine like ERC20 or BSC, I hope to provide the best solution and make Cardano number 2 or even become the king of cryptocurrencies by beating bitcoins.

sammy21

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Interesting, Cardano has been ranked 5th on coinmarketcap, with the plan that the cardano smart contract will make its growth even better, although it is still far from competing with BTC and ETH but at least this can attract more investors' attention to make it one of their portfolios.

m.rifki

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The existence of smart contracts will solidify Cardano's position in the crypto market, and will definitely make the competition for big coins hotter, considering that Cardano has now ranked 5th on coinmarketcap, let's see what Cardano smart contracts will show.

cvasy

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Quote from: kurniawan05 on September 08, 2021, 09:49:07 AM

Based on the information I read that Cardano will launch its smart contract this month (CMIIW), if successful it will become a competitor to ETH and increase the price of the ADA coin.

Where does that increase the Cardano's price from? because as long as the demand in the market does not increase on Cardano, then the price of Cardano will not increase even though it has launched its own smart contract within this month, because the news about it does have an effect on Cardano, but the very basic thing is in the buying demand for Cardano in the market .

RussianEnglishTranslation

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Quote from: ardydyon on August 13, 2021, 02:54:50 AM

Cardano (ADA) is scheduled to upgrade its existing network they call it the Alonso Hard Fork. The biggest upgrade of this cardano has
privileges capable of facilitating smart contracts on its network. If the cardano smart contract really happens
do you think cardano will be able to become a rival to bitcoin, ethereum and binance?
Your opinion its appreciated in this discussion.

Cardano has smart contracts but their AMM on testnet could only do one transaction per block. NEAR protocol can do infinite TPS per second with horizontal sharding and has working smart contracts now. Their AMM Ref Finance already has 50 million USD in deposits and farming APY as high as 250%.

uneps

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The addition of smart contracts marks progress for Cardano, as it will eventually make the blockchain a worthy competitor to Ethereum. Since last summer, the Ethereum decentralized finance ecosystem has grown rapidly, building a wide variety of decentralized applications. all based on smart contracts.

Now, the same functionality will be present in Cardano. For example, blockchain developers have presented Cardano's native dapp that allows users to swap different tokens, such as Ethereum's "killer dapps" such as No swap places.

That's why I'm really looking forward to the arrival of a smart contract with Cardano.

marilynmanson21

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one good news from ADA, and making ADA experience an increase in price this week, cardona hype is getting even more with its new ATH achieved,
here we can see the Developer is really doing a good job and currently ADA being one of the top 5 coins listed on coinbase

cabron

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Quote from: omone1 on September 10, 2021, 09:49:33 PM

Cardano was born out of the flaws of the ethereum network. ADA will be a huge competitor to the ethereum network, already, Ethereum onchain is losing steam because of the high gas fee but thanks to offchain and layer 2 discongesting the network.

We shall see what Charles had been claiming the next days. It was said that Cardano will be more effective when there are more users participating in it while other platforms like ETH and BSC will contest.

I'm also watching closely the project because I wanted to invest more in passive income in Cardano like the Defi platforms they have. If nothing will go wrong when they launch this Alonzo, we could price going up.

omone1

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Cardano was born out of the flaws of the ethereum network. ADA will be a huge competitor to the ethereum network, already, Ethereum onchain is losing steam because of the high gas fee but thanks to offchain and layer 2 discongesting the network.

Topic: Cardano Smart Contracts coming soon? (Read 880 times)