A prominent crypto analyst is advising followers to shift funds from Ethereum to the smart contract platform Cardano. Sssebi, a highly respected figure in the Cardano community, argued that Cardano’s low transaction fees give it a commanding advantage over Ethereum.
“Here’s what you DON’T KNOW and why you MUST move from ETH to Cardano,” Ssebbi tweeted. “Low transaction fees, 0.2-0.5 compared to ETH 20-300.”
Cardano’s Ouroboros proof-of-stake consensus mechanism makes these noticeably lower fees possible.
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Staking Innovations Set Cardano Apart
In addition to low fees, Cardano enables a much more flexible and user-friendly staking experience. As Ssebbi pointed out: “You can stake or unstake ADA at any time with just one click; your ADA is not locked for months in a smart contract without you being able to do anything with it.”
Cardano users can stake and unstake ADA instantly while retaining control of their funds at all times. And unique to Cardano, staking does not prevent users from transacting or accessing DeFi protocols.
These staking innovations give Cardano a distinctive advantage as a next-generation blockchain capable of serving as the backbone for Decentralized Finance (DeFi).
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Show more +DeFi and NFT Ecosystems Flourish on Cardano
Beyond advantages in staking and low fees, Ssebbi notes that Cardano has seen continuous growth in Total Value Locked (TVL), which measures the overall value deposited into DeFi protocols on a blockchain.
“Cardano TVL is growing continuously, DeFi projects are mooning, and people making 10x-20x from DeFi projects and memecoins,” Ssebbi stated.
In addition to DeFi, Cardano hosts a thriving non-fungible token (NFT) ecosystem filled with innovations not seen on other chains. As Ssebbi observes: “Rich NFT ecosystem with hundreds of innovative NFT projects, including metaverses and P2E games.”
This unique mix of advanced staking features, low fees, and rapidly expanding DeFi and NFT ecosystems led Ssebbi to passionately conclude: “here’s what you DON’T KNOW and why you MUST move from ETH to Cardano.” While only time will tell if this prediction comes to fruition, Cardano’s current capabilities and roadmap make a compelling case.
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