After a series of strong market results, Cardano (ADA) remains at the forefront of positive discussions in the crypto space, according to a report by Finbold on Friday.
- Cardano had a higher trading volume of $6.5 billion compared to its rival Ethereum, which had a volume of $5.8 billion after the adjusted volume was taken into consideration.
- Surprisingly, ADA had 568 times cheaper fees than its rival, costing nearly $76,500 for a total of $6.5 billion in transactions. In comparison, ETH costs $38.6 million significantly more for fewer transactions.
- Charles Hoskinson, Cardano founder, stated that Basho is a period of optimization in which the network’s scalability and interoperability are improved to a larger extent.
- Hoskinson further stated that the Basho development cycle is focused on enhancing the performance of the Cardano network to support the growth and acceptance of apps with high transaction volumes.
Cardano has planned improvements to its smart contracts platform, Plutus. As part of its smart contract optimization, the Plutus script will be improved by focusing on the efficient use of the EUTXO model. ADA USD down -6.76%, ETH USD down -8.32%