Cardano Smart Contracts coming soon? - page 4.

Dread Pirate Roberts

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

If the cardano smart contract really happensdo you think cardano will be able to become a rival to bitcoin, ethereum and binance?
Your opinion its appreciated in this discussion.

Cardano already has a large community and users in the crypto market. so if there is a new innovation that they offer, it will definitely have a good impact, so it is very possible to compete with other smart contracts such as ETH or BSC as long their smart contracts are good in many ways as the existing ones today.

RealMalatesta

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Quote from: inanilujimi on August 15, 2021, 02:53:40 AM

hopefully the smart contracts on Cardano can filter out the bad smart contracts on the BSC, ETH, and matic networks.

But, that is not the part of decentralization environment. Investors and adopters need to be careful against suspected things and devs cannot do anything about. For example, what can cardano devs could do about one all new scam project? So, bad smart contracts are just part of all such platforms and individuals need to be more careful while choosing one asset to invest with.

Quote from: matico on August 15, 2021, 02:24:58 AM

We have had several altcoin with different claim and how they are better than ethereum

Every new smart contract based the platforms are claiming that they are better than the existing platforms but personally am not seeing any new innovations with them. But, I believe this will not be the case with cardano as well.

inanilujimi

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I hope that the smart contract will make defi and nft even bigger. and hopefully the smart contracts on Cardano can filter out the bad smart contracts on the BSC, ETH, and matic networks.

Teknisi88

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Quote from: Jaered on August 15, 2021, 02:27:32 AM

I think Cardano would be amongst the top dogs in crypto as well as DeFi. It has the community and investor backing that makes such thing possible

Yes,
While it has yet to beat the market caps of Bitcoin and Ethereum, Cardano is a promising investment. In fact, until now coinmarketcap.com states Cardano occupies the third position after BTC and ETH.
It is not impossible that one day Cardano will pass ETH or BTC.
Let's see the development of the capital market Cryptocurrency Prices Based on Market Cap

Jaered

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I think Cardano would be amongst the top dogs in crypto as well as DeFi. It has the community and investor backing that makes such thing possible

matico

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It is high time we have an altcoin that can really compete with ethereum platform in terms of ability of users to create smart contract. We have had several altcoin with different claim and how they are better than ethereum yet, they still launch there protocol on ethereum and have not drawn developers like ethereum do. I am looking forward to see Cardano smart contract platform!

michellee

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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.

Even if Cardano can have better smart contracts than ethereum, it still needs more time before the project becomes bigger and competes with ethereum. As we can see, Cardano step can beat BNB at the CoinGecko, even Cardano taking the USDT position at the market. And now, Cardano reaches the number 3 position but still need more support for Cardano to lift the MarketCap and compete with ethereum.

But Cardano has a chance to defend the position from USDT and BNB as the gap of the Market Cap is slowly getting bigger than USDT and BNB. It is interesting because, as an underestimate coin, Cardano can lift the price quickly to give Cardano more chances to break the next high price.

Rabi3

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Quote from: MarjorieZimmermanGinger on August 15, 2021, 01:04:26 AM

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.

For now Kardano (ADA) has not been able to compete with Bitcoin, Ethereum and Binance, whatever they do now the opportunity to compete is impossible, this situation has no effect on Bitcoin, Ethereum and Binance.

Kardano (ADA) needs to improve things if it wants to compete with them, given the current condition people trust these three coins more to use, based on their current results and conditions in the marketcap.

the fact that Cardano was in that high spot and it's still in the developing stages, just shows how it can compete with Binance, i don't know about it competing with Ethereum or Bitcoin since i find it not impossible but almost, but you said that it can't compete with Binance, are you sure about that ?! *in John Cena's voice*

i think it is time to at least consider investing in their projects and look for some gems before it's too late.

MarjorieZimmermanGinger

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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.

For now Kardano (ADA) has not been able to compete with Bitcoin, Ethereum and Binance, whatever they do now the opportunity to compete is impossible, this situation has no effect on Bitcoin, Ethereum and Binance.

Kardano (ADA) needs to improve things if it wants to compete with them, given the current condition people trust these three coins more to use, based on their current results and conditions in the marketcap.

so98nn

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So this might need to be studied one more time because last time we checked ETH network was congested like hell and it's still struggling with Gas Fees.

I am not sure how Cardano Project is going to overcome the problems of congested network, high fees and different projects running at the same time. I mean what kind of algorithm they have built up or planning to do which have not been programmed by ETH network?

Moreover, ADA will get those projects only if they can really provide more advantages over ETH network. Otherwise why would different companies will list on them anyways?

Devifajarina

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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 is possible that, if kardano (ADA) makes the smart contract change happen, they will be able to become competitors to ethereum, bitcoin and binance, but to overtake all three is still very difficult for now.

Currently what kardano (ADA) needs to do is fix all the weaknesses they experience, increase user interest in them, then target to compete with bitcoin, ethereum and binance after perfecting everything.

litepool.ru

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Quote from: ardydyon on August 14, 2021, 05:33:14 AM

Quote from: litepool.ru on August 13, 2021, 10:05:45 PM

The price of ADA is still growing, and I believe their ecosystem is growing. Maybe we will see many new projects coming up here, maybe now is a good time to spend some time looking for new projects on ADA platform

Yes I agree with you, at the moment the price is medium body.Moreover, it is balanced with positive news about the release of smart contract cardano.I think there will be many new projects to come in the future.currently we can see one of the projects in cardano namely revuto.this is one of the projects running on the cardano network

Currently, most of the Cardano ecological projects are built on Ethereum and are in the early stages of development and exploration, but have gradually taken shape, mainly in ecological models based on NFT DEXs. I think there will be many areas built on this ecosystem, and right now it looks like we are ready for anything.

Teknisi88

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

Golftech

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Quote from: geegaw on August 14, 2021, 11:35:53 AM

Quote from: litepool.ru on August 13, 2021, 10:05:45 PM

The price of ADA is still growing, and I believe their ecosystem is growing. Maybe we will see many new projects coming up here, maybe now is a good time to spend some time looking for new projects on ADA platform

You may be in a hurry about achievements and projects that will be established on the new platform of ADA, but slow down because the founder just specified the Alonzo hard fork as what Carnado will prepare but some sources have led the public to think that the upgrade delay as well as the hard fork process Alonzo will be problematic, the details of the upgrade as well as the progress of the journey will clear a lot of doubts. Most especially, this platform applies to the loan service on Defi, maybe this is the most glorious effort after years of ADA development

Once they've completely succeeded in this update, we will see more interest will attract investors to support this coin, while developers

will also take the advantage of this hypes bringing new project using this chain, we don't know what might be the impact from this

update, more on speculation and sometimes expectations are differs from the actual outcome.

imstillthebest

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it looks like they are joining eth because eth also has an upcoming hard fork but this one for cardano is more notable if it's true that they will support smart contract creation after it .
Cardano has been in the news even before but this upgrade can give them more attention I think lots of people will immediately transfer to them but except btc users because btc has a different purpose .

geegaw

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Quote from: litepool.ru on August 13, 2021, 10:05:45 PM

The price of ADA is still growing, and I believe their ecosystem is growing. Maybe we will see many new projects coming up here, maybe now is a good time to spend some time looking for new projects on ADA platform

You may be in a hurry about achievements and projects that will be established on the new platform of ADA, but slow down because the founder just specified the Alonzo hard fork as what Carnado will prepare but some sources have led the public to think that the upgrade delay as well as the hard fork process Alonzo will be problematic, the details of the upgrade as well as the progress of the journey will clear a lot of doubts. Most especially, this platform applies to the loan service on Defi, maybe this is the most glorious effort after years of ADA development

jostorres

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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.

These days I am seeing heavy competitions on providing smart contract platforms which means not a good news for ethereum holders still not sure about the success of new platforms as dapps market seems right now oversaturated hence success for none of them might be the one possible outcome due to heavy competition.

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

If the cardano smart contract really happens do you think cardano will be able to become a rival to bitcoin, ethereum and binance?

Why you include bitcoin in this list; first cardano needs to be a prominent in altcoins space and then you may start thinking to compete against bitcoins. I mean first a coin need to be a top one in altcoins space and then may try to top in overall crypto space.

DapanasFruit

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I would say that it is a big YES. However, let's see how it would fare as another competitor of Ethereum primarily since we are talking about smart contracts. Cardano is one of the few we can consider that can be able to at least be at par with leading network with smart contracts and right now the market is reacting so well with its coming Alonzo upgrade. Will we see Cardano getting into the $5 zone because of this upgrade...only time can tell as we live in a roller-coaster market.

Pelana vreo

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

-snip-

What is the maximum supply of ADA coins when the team does Hardfork, I believe all altcoins can compete in the top 5 coinmarketcup rankings, however some new coins keep coming and I see Ethereum will Fork and Eip-1559, I believe this will increase the price of eth due to limited supply.
Cardano has had a good market cap, so far I don't think ADA will replace ETH any time, because Ethereum take a long time to achieve all this

istiak2277

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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 think this upgrade is the reason behind the recent massive pump in ADA price. ADA could be a rival of BSC and we can see that in the current market cap. ADA market cap just crossed the market cap of BNB and took 3rd place. Marketcap of ethereum is way too big for ADA or BNB. It becomes harder after the last upgrade of eth network. Token burn mechanism of eth network will push eth price higher.

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