You want a 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 capitalization of $32 billion, Cardano is the ninth largest cryptocurrency, and it’s not hard to see why. The platform is designed to host self-executing computer programs called decentralized applications (dApps). And its aggressive development roadmap will help ensure it remains a long-term leader in this competitive field.
Cardano is one of many blockchain platforms known as the “ Ethereum Killers” due to 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 the blockchain using coins they own) is greener than the proof-of-work system ( PoW) of Ethereum, where miners solve computational puzzles 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 roadmap.
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 intended to optimize 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 a 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 opportunity.
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In February the platform announced Solana Pay a protocol designed to serve as a decentralized peer-to-peer payment method.
But more than just a way to pay in crypto (which isn’t new), Solana Pay aims to support real-world currencies like the US dollar and incorporate non-fungible tokens (NFTs), which are digital proof of ownership stored on the blockchain. Solana’s highly scalable design will give Solana Pay a competitive edge over potential rivals.
With a market capitalization of $35 billion, Solana is the seventh largest cryptocurrency. Her blazing speed and its fintech use cases could keep it ahead of the pack for decades to come.
Betting on lasting success
Since its creation with the launch of Bitcoin in 2009, cryptocurrency technology continues to improve rapidly. Platforms that stand the test of time tend to upgrade to meet changing industry demands. Cardano and Solana are already leading the pack in terms of popularity and technical prowess. And their strong development teams will make sure they stay there.