2021-03-30 17:53:12

Why Cardano has the Potential to Become the Biggest Smart Contract Blockchain

Hammering on Cardano’s “downsides” has been addressed as an agenda against the network, by its founder Charles Hoskinson. But these actions are perceived as a sign that the future is bullish for Cardano.

These were the summary of Hoskinson’s tweet, which was made in response to the negative assertions that the network was not up to industry standards. Hoskinson, who has apparently been paying attention to it all, says that “it must mean that Cardano is finally perceived as a threat to the status quo and we are on the right track.” The next six months may come with more criticism but it will all pay off, he added.

Ran Neuner has also amplified Hoskinson’s comments in a tweet where he wrote “Am I crazy to think that Cardano will be the biggest smart contract blockchain?”

Both parties are not wrong to have predicted a bullish future for Cardano, given the number of network rollouts coming in the future. Proponents have speculated that the updates will place the network well on its way to being a strong Ethereum competitor.

The CEO of the IOHK—which is dedicated to building the Cardano blockchain— revealed that the Alonzo Testnet will make Cardano a smart contract network. This could become a reality in April. Upon its arrival, testing will begin, after which the mainnet will go live in August. 

Speaking on the launch of Smart Contracts on the network, the CEO announced that “For the first time ever, publicly, people …
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