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Abstract

compare this with Cardano, which has an average transaction fee of $0.01. Now, common sense says Cardano is way ahead of the curve, and in an ideal world, people would choose Cardano, because so far, it is the fastest, cheapest, and the most energy-saving. <i>Further information on this point can be found by <a href="https://www.fool.com/investing/2021/06/12/7-cryptocurrencies-lower-transaction-fees-dogecoin/#:~:text=Cardano,about%20%240.27%20at%20the%20midpoint.">clicking here.</a></i></p><h2 id="95e1">Reason Numero Cuatro</h2><p id="2eb1"><b>4.</b> Ethereum is undergoing huge scalability problems due to transaction costs and time. Cardano’s scalability is foreseeable when we look at how it can do over 1,000,000 transactions per second — and look at this, today’s VISA company has a transaction speed of around 1,700 per second! Cardano = very scalable. <i>Further information can be found on this article by <a href="https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf">clicking here</a></i></p><h2 id="3996">Reason Numero Cinco</h2><p id="11fa"><b>5.</b> I usually look at the character of the founders of these projects before I invest, and Charles Hoskinson is a wealthy man, on the inside, I mean. If we analyze the way he talks, and the things he speaks about, his intention is set straight. He seems like he is more focused on providing the world with the future, rather than manipulating and stealing from the people, and this was really amplified with him securing the biggest blockchain deal in history. A deal with Ethiopia in the Africa Project.</p><p id="1d59"><i>Take a look at his character on his Youtube channel below</i></p> <figure id="3f90"> <div> <div> <img class="ratio" src="http://placehold.it/16x9"> <iframe class="" src="https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FrRDKbMEd_aY&display_name=YouTube&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DrRDKbMEd_aY&image=http%3A%2F%2Fi.ytimg.com%2Fvi%2FrRDKbMEd_aY%2Fhqdefault.jpg&key=a19fcc184b9711e1b4764040d3dc5c07&type=text%2Fhtml&schema=youtube" allowfullscreen="" frameborder="0" height="480" width="854"> </div> </div> </figure></iframe></div></div></figure><h2 id="9f33">Reason Numero Seis</h2><p id="6f78"><b>6.</b> The Africa Project will provide 5 million s

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tudents with the chance to have a digital identity stored on a blockchain. This will enable them to secure their credentials when going out and taking part in the economy. Charles, himself stated that;</p><p id="86b9"><i>“When these millions of students graduate, as they go into the economy, eventually this infrastructure can be used for buying property, for payments, for voting and all other matters of their economic life.”</i></p><p id="c0d1">Cardano is also working on several other sectors in Africa, such as the telecoms industry. This gives us hope Africa can surely be a 1st world continent in the years to come.</p><p id="7371"><i>Take a look at their Africa Project on the Cardano website by <a href="https://africa.cardano.org">clicking here</a></i></p><h2 id="069c">Reason Numero Siete</h2><p id="2e6a"><b>7.</b> Cardano is the 3rd ranked crypto in the world, and currently stands around $1.5. This means that Cardano has already made a name for itself, and when we consider this price and fame, alongside the points mentioned above. It is highly likely that Cardano has a bright future ahead. The fame and attention it receiving speak volumes for its future. Take a look at their ranking by<a href="https://goldprice.org/cryptocurrency-price/cardano-price"> clicking here</a>.</p><h2 id="5258">Reason Numero Ocho</h2><p id="df79"><b>8.</b> There are several upcoming projects, and Cardano is only at the early stages yet. Cardano is way ahead in the race and has developed an extremely powerful blockchain that really can scale to the entire world. Cardano has built an extremely powerful foundation whilst the other projects are still trying to build it. To me, the Cardano blockchain is the best.</p><p id="ecd4"><i>See below for the Cardano Ecosystem.</i></p><figure id="a475"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*cM4VmhhEEwCKWT85.jpg"><figcaption>Image screenshot by the Author from Twitter @Coin98Analytics</figcaption></figure><p id="88fa">In a few years, Cardano could really hit the moon.</p><p id="3bb3">For these reasons and many more, I am highly invested in the Cardano blockchain. Not to make money, but primarily because of the work that is being done in Africa. It gives hope to the people in the 3rd world, with the endless possibility of bringing a proper governmental, educational and financial system into action. A decentralized system run by us. The people.</p></article></body>

8 Reasons I Invested Tons in Cardano

Is Cardano the future?

I’m not a financial advisor, and this is not financial advice. This is simply why I have personally invested in it by using simplicity and common sense.

Reason Numero Uno

1. The speeds of Ethereum and Bitcoin, when compared to Cardano look pretty bad. Cardano is the best when it comes to the speed of transactions. In an ideal world, this is exactly what people need. Cardano can transact around 1,000,000 transactions per second. Whereas Bitcoin is at 7 (:/), and Ethereum at 20, but will be boosted up to 2,000 with Ethereum 2.0 rolling out soon. This information can be found by clicking here.

Reason Numero Dos

2. Bitcoin uses a Proof-of-Work style mechanism to mine the coins. This means huge processors are required — and this wastes energy, lots of it. At least that is what they are saying. Ethereum also uses this same mechanism to mine the coins, which also has energy concerns. Since we are moving towards a more environmentally friendly future, this has issues in terms of scalability.

Ethereum is working on moving to the same Proof-of-Stake system that Cardano uses, which shows Cardano is way ahead in the race. The system that is used by Cardano only uses a fraction of the energy than that of the Proof-of-Work system. Cardano is therefore on top when it comes to energy usage. Further information on this point can be found by clicking here.

Reason Numero Tres

3. With the above point in mind, I will also mention how the Proof-of-Stake system has huge fees per transaction. Because of the energy costs, Bitcoin’s average fee is around $23 dollars per transaction, and Ethereum’s gas fee is around $2.35. Now let’s compare this with Cardano, which has an average transaction fee of $0.01. Now, common sense says Cardano is way ahead of the curve, and in an ideal world, people would choose Cardano, because so far, it is the fastest, cheapest, and the most energy-saving. Further information on this point can be found by clicking here.

Reason Numero Cuatro

4. Ethereum is undergoing huge scalability problems due to transaction costs and time. Cardano’s scalability is foreseeable when we look at how it can do over 1,000,000 transactions per second — and look at this, today’s VISA company has a transaction speed of around 1,700 per second! Cardano = very scalable. Further information can be found on this article by clicking here

Reason Numero Cinco

5. I usually look at the character of the founders of these projects before I invest, and Charles Hoskinson is a wealthy man, on the inside, I mean. If we analyze the way he talks, and the things he speaks about, his intention is set straight. He seems like he is more focused on providing the world with the future, rather than manipulating and stealing from the people, and this was really amplified with him securing the biggest blockchain deal in history. A deal with Ethiopia in the Africa Project.

Take a look at his character on his Youtube channel below

Reason Numero Seis

6. The Africa Project will provide 5 million students with the chance to have a digital identity stored on a blockchain. This will enable them to secure their credentials when going out and taking part in the economy. Charles, himself stated that;

“When these millions of students graduate, as they go into the economy, eventually this infrastructure can be used for buying property, for payments, for voting and all other matters of their economic life.”

Cardano is also working on several other sectors in Africa, such as the telecoms industry. This gives us hope Africa can surely be a 1st world continent in the years to come.

Take a look at their Africa Project on the Cardano website by clicking here

Reason Numero Siete

7. Cardano is the 3rd ranked crypto in the world, and currently stands around $1.5. This means that Cardano has already made a name for itself, and when we consider this price and fame, alongside the points mentioned above. It is highly likely that Cardano has a bright future ahead. The fame and attention it receiving speak volumes for its future. Take a look at their ranking by clicking here.

Reason Numero Ocho

8. There are several upcoming projects, and Cardano is only at the early stages yet. Cardano is way ahead in the race and has developed an extremely powerful blockchain that really can scale to the entire world. Cardano has built an extremely powerful foundation whilst the other projects are still trying to build it. To me, the Cardano blockchain is the best.

See below for the Cardano Ecosystem.

Image screenshot by the Author from Twitter @Coin98Analytics

In a few years, Cardano could really hit the moon.

For these reasons and many more, I am highly invested in the Cardano blockchain. Not to make money, but primarily because of the work that is being done in Africa. It gives hope to the people in the 3rd world, with the endless possibility of bringing a proper governmental, educational and financial system into action. A decentralized system run by us. The people.