Security Company: Cardano to Become the 2nd largest DeFi Platform
Quantstamp CEO Richard Ma, in a recent interview, says that Cardano will become the second largest DeFi platform behind Ethereum, and Cardano offers clear advantages over 3rd-place competitor Tezos.
Cardano has the Best Code
Ma also stated that Cardano's source-code is among the best in the blockchain space. After the successful Shelley Hard Fork on July 29, 2020, the foundation has been laid to compete with DeFi leader Ethereum.
"The move to the Shelley era means Cardano will be the
2nd most popular smart contract platform, 2nd only to
Ethereum by the end of the year. As a proof of stake
system, it now dwarfs Tezos."
Previously, Quantstamp Manager Jaye Harill stated that
Cardano could become the most popular DeFi platform due to its
increasing popularity and progressive adaptation. Cardano will outshine
its direct competitor Tezos.
Charles Hoskinson announced that Smart Contracts and Native Assets on the Cardano Blockchain will be released by the end of the year. According to Hoskinson, Cardano will have a significant advantage over its competitors through the new Hydra off-chain protocol, which allows transactions to be processed quickly and inexpensively with a lower latency than Ethereum.
Read More: Cardano to Become 2nd Largest DeFi Platform
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Cardano Blockchain 3.0 • ADA Cryptocurrency
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Emurgo is
a global blockchain technology company providing solutions for
developers, startups, enterprises and governments integrating onto the
Cardano blockchain. EMURGO develops enterprise-grade applications,
builds developer tools, invests in startups, and provides blockchain
education; the company has offices and manages projects in Singapore,
Japan, the USA, India, and Indonesia.
Input|Output
is the engineering firm developing the Cardano platform, which has
more advanced features of any protocol to date, and is the first to
evolve out of a scientific philosophy. The large team of expert
engineers and researchers, drawn from around the globe, began by
deconstructing the concept of a cryptocurrency and incorporating a
ground-breaking Proof of Stake Algorithm, Ouroboros. The IOHK team
employed a first principles approach driven by peer-reviewed, academic
research to build Cardano from the ground up.
The Cardano Foundation,
an independent-entity based in Switzerland, supervises the development
of Cardano and its ecosystem; they are committed to protecting and
promoting Cardano, and to advocating on behalf of the users and
community of the protocol.
