The Cardano Surpasses the Bitcoin Rally and Ranks in the Top 3 of the Crypto | Empirex Capital

The Cardano Surpasses the Bitcoin Rally and Ranks in the Top 3 of the Crypto

Cardano is an open source intelligent trading platform that aims to solve the current problems of the cryptographic industry. It offers scalability and security under a layered architecture giving the system flexibility and ease of maintenance and enables upgrades through soft branches. It is considered the third generation Blockchain. Its scientific approach and peer-reviewed academic research ensure a unique development model in the cryptographic ecosystem. This rigorous and robust design platform will be able to execute a high volume of financial transactions with guaranteed security under cryptography.Cardano will also enable innovative development of smart contracts and decentralized applications known as dApps.It could be used by individuals, organizations, businesses and governments around the world

With the value of the Cardano network at about $40 billion, developers are preparing for the release of a major update on Monday, designed to turn it into a multi-asset network similar to Ethereum, Forbes publishes. This update will allow users to create non-expendable tokens (NFT). The Cardano update occurs when the Ethereum price has soared over the past year, surpassing its early 2018 highs. In addition to the growing NFT market, Ethereum has benefited from the rise of decentralized finance (DeFi), using cryptocurrency technology to recreate traditional financial instruments. Many of the larger DeFi projects are built on the Ethereum blockchain, which increases the price of this crypto as users flood the network, Forbes notes

Created on 12th Mar 2021

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