TOP Cardano Projects & The Smart Contract FUD!!
Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson. The Cardano main net went live in late September 2017, which means we’re coming up on Cardano’s 4-year anniversary.
👨💻Concurrency Issue Explained👨💻
Cardano uses an improved version of the UTXO model which makes it possible to do things like mint new tokens without smart contracts, which is why it’s called extended UTXO or eUTXO for short, Conversely, Ethereum requires a smart contract to mint and move tokens. This is a part of why Ethereum’s transaction fees are so expensive, While Cardano’s approach means its dApps will be much cheaper to use and also faster, many of them could experience concurrency issues if they’re not designed properly,
As the name suggests, Sundaeswap is an AMM DEX like Uniswap, and it is also hoping to become Cardano’s leading DEX, as well as a hub for initial DEX offerings or IDOs for new Cardano projects,
Ardana will be the MakerDAO of Cardano, meaning it will make it possible to mint a US dollar stablecoin called sUSD using ADA as collateral,
Meld is a DeFi protocol comparable to Aave on Ethereum, meaning it makes it possible to lend and borrow tokens on Cardano,
🍺Drunken Dragon Games🍺
Drunken Dragon Games is an NFT game on Cardano akin to Axie Infinity on Ethereum,
Empowa describes itself as the first ‘RealFi’ platform in the world, and its mission is to increase affordable housing on the African continent, starting with Mozambique,
➕Cardano dApp Browser Extension➕
The obvious choice here is Emurgo’s Yoroi browser wallet extension, and if you’re a diehard Cardanian, you’ll know that Yoroi is colloquially referred to as Cardano’s Metamask, Interestingly enough though, it looks like the go-to browser extension wallet for Cardano will be the Nami wallet which I’ll leave a link to in the video description,
😱Cardano dApp Concerns😱
Cardano has over 1.6 million users, and its community is arguably the most active in cryptocurrency. This is incredible, but it’s also a developer’s worst nightmare because they know there’s no way in hell their dApps can handle that kind of traffic. Heck, even the front-end website will struggle to load.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.