Cardano's (ADA) Mary upgrade has whetted investors ' appetite thanks to its exciting handling features.
To buy Cardano : : www.binance.com
Cardano's new upgrade was named after Mary Shelley, author of the famous Frankenstein novel. With this update, for the first time, users of the Cardano platform will be able to create and trade NFT tokens on the platform.
The main goal of the Mary update is to turn Cardano into a very wealthy network, just like the Ethereum network. According to the developers, with this update, users will have the opportunity to trade with tokens without the need for smart contracts.
Cardano is the most important protocol after Bitcoin and Ethereum networks. The expectation of a new update had significantly affected the value of the island to increase by 250%. The island grew by 2,440% last year.
Multi-Asset Support Coming To Cardano
The main network upgrade, which requires blockchain hardfork, is an important milestone for Cardano. It offers Local tokens and multi-asset support while benefiting from Cardano's increased transaction speeds, mission-critical security, and lower fees.
Tim Harrison, who serves as director of marketing and communications at IOHK, argued that ditching smart contracts would eliminate many complexities and the potential for errors. He claimed that efficiency could also be achieved in terms of cost.
**This update from Cardano can be quite attractive to users. Because Ethereum GAS fees have increased immensely recently. On the Cardano platform, the cost of trading is extremely low.
Charles Hoskinson, The founder of Cardano, is one of the co-founders of Ethereum. But it is also worth noting that Cardano takes a different approach than Ethereum. Cardano's Ouroboros algorithm is one of the most important indicators of this difference.**
Although Cardono has shown a fairly rapid rise, it is still well behind Ethereum. Ethereum's market capitalization stands at $ 175 billion, while Cardano's market capitalization stands at around $ 40 billion. In Ethereum, the number of active addresses exceeded 760 thousand, and in Cardano, this number is pronounced as 91 thousand.
To buy Cardano : : www.binance.com