Is Cardano being used

Optimistic crypto investors think Cardano will eventually be an Ethereum killer , becoming the second cryptocurrency despite the huge price difference between it and Ethereum. Historically, however, nothing is 100% certain in the crypto world and you cannot rule out ADA’s steady and quiet growth.

Specifically, Cardano aims to solve problems related to scalability, interoperability, and sustainability on cryptocurrency platforms . The first problem refers to the slowing down of networks and high fees due to increase in transaction volumes. (See also: Will High Transaction Fees Bring Down Bitcoin’s Price?)

The fact that ADA-USD is more energy efficient and superior when it comes to facilitating DeFi transactions and smart contracts makes it one of the more useful digital tokens, and an attractive option for investors who want exposure to cryptocurrencies that haven’t run up to exorbitant prices.