When I talk to people in the industry about Cardano, I always hear the same thing:
“Yeah, it’s super decentralized and technically solid, but no one’s using it. There aren’t any dApps, so what’s the point?”
Whenever I hear that, I tell them to think back to Ethereum in 2016. Back then, Bitcoin was everything, and people completely underestimated Ethereum’s idea of smart contracts. There were barely any users, and almost no real projects at the start.
But look where it is now. it’s built a massive ecosystem and leads the entire industry.
Cardano has done the same in its own way. It introduced the eUTXO model, the Ouroboros consensus, and liquid staking, plus a unique scaling solution called Hydra, which enables off-chain transactions without compromising security or decentralization. There’s no MEV, no staking lockup, and the entire network, from protocol to governance, is deeply decentralized.
To me, Cardano today feels like Ethereum back on the Bitcoin forum in 2016 underrated, misunderstood, but quietly building something massive.
I can’t say for sure how Cardano will be viewed in the future, but I do know the core reasons why it has such incredible potential, and I genuinely believe in that.
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