You want one investment in cryptocurrency that can stand the test of time ? Look no further than Cardano (ADA -0.86% ) and Solana (FLOOR -1.52% ). These top blockchains feature highly innovative designs and competitive developers who work hard to keep them ahead of the pack.
With a market value of $ 32 billion, Cardano is it ninth largest cryptocurrency and it’s not hard to see why. The platform is designed to host self-running computer programs called decentralized applications (dApps). And its aggressive development plan will help ensure that it remains a long-term leader in this competitive field.
Cardano is one of many blockchain platforms known as ” Ethereum Killers ”because of their advantages over the current market leader in scalability. With a transaction capacity of 250 per second, Cardano surpasses Ethereum’s speed of 15 per second. And its proof-of-stake (PoS) transaction validation system (where miners update blockchain using coins they own) is greener than Ethereum’s proof-of-work (PoW) system, where miners solve computational tasks using huge amounts of electricity and expensive hardware.
But the developers of Cardano are not content to be a little better than Ethereum. The platform may only be in the early stages of its aggressive development plan.
In June, Cardano plans to launch its Vasil upgrade. According to its founder Charles Hoskinson, co-founder of Ethereum, it will be a massive performance improvement aimed at optimizing Cardano for increasingly complex dApps. Vasil will also introduce new features such as a dApp store and a new crypto wallet where users can store and trade digital assets.
While some assets rely on updates to achieve industry-leading scalability, Solana is already there, with one transaction capacity of 50,000 per second. But instead of resting on its laurels, Solana developer Solana Labs is turning to the exciting blockchain-based fintech option.
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In February, the platform announced Solana Pay a protocol designed to act as a decentralized peer-to-peer payment method.
But more than just a way to pay in crypto (which is not new), Solana Pay aims to support real currencies like the US dollar and incorporate non-fungible tokens (NFTs), which are digital proofs of ownership that are saved on blockchain. Solana’s highly scalable design will give Solana Pay a competitive edge over potential rivals.
With a market value of $ 35 billion, Solana is the seventh largest cryptocurrency. Her blazing speed and its fintech utility cases could keep it ahead of the pack for decades to come.
Bet on lasting success
Since its creation with the launch of Bitcoin in 2009, cryptocurrency technology continues to improve rapidly. Platforms that can withstand the test of time tend to upgrade to meet changing industry demands. Cardano and Solana are already leaders in the herd in terms of popularity and technical prowess. And their strong development team will make sure they stay there.