Cardano's 2017 and 2021 uptrends were largely driven by ADA price appreciation rather than technological innovation. While eUTXO is an intriguing concept, Cardano's current 257 TPS capacity limits its scalability and real-world applications
[1].
Solana's 2021 surge showcased its impressive 65K TPS, offering users a near-frictionless blockchain experience. Ton has further pushed the boundaries with a 100K TPS capability in 2023, demonstrating the potential for ultra-high-throughput blockchains.
While speed is a crucial factor in blockchain technology, it's not the sole determinant of a project's success. Cardano, often perceived as lagging behind in terms of speed, has been steadily progressing thanks to IOG's persistent efforts and a dedicated community.
As Layer-2 solutions gain traction for Bitcoin and Ethereum, Cardano's Hydra protocol emerges as a promising solution. Recent tests have demonstrated Hydra's capacity to achieve 1M TPS
[2], a milestone that has been the subject of discussion since 2017. This breakthrough enables Cardano to potentially process up to 134K TPS
[3], surpassing the capabilities of Solana and TON.
While Cardano's ecosystem is still maturing, recent news of its impressive transaction speed has solidified ADA's position above the 1 USD for several weeks. This positive momentum could serve as a catalyst for further growth and increased adoption within the Cardano ecosystem. As more investors begin to recognize ADA's potential, I am optimistic about its future performance. Cardano's strong fundamentals and potential for enterprise adoption position it as a leading blockchain with significant upside for investors.
I would like to know your opinion on this issue:
- For you, is Cardano’s speed truly important for the ecosystem’s development and ADA’s price increase?
- Are you holding ADA or any tokens in the Cardano ecosystem?
- What is your target for ADA this season?
References:[1]
A Deep Dive Into Cardano [Updated][2]
Cardano Sets Record 1 Million TPS With Hydra DOOM Tournament[3]
Hoskinson Cheers As Cardano Processes Massive 134,000 Transactions Per Second