Cardano has quickly become the most popular ETH alternative for transactions and savings among crypto enthusiasts all around the world.
According to a Twitter poll conducted by Vitalik Buterin on Friday, 80 percent of all transactions and savings in the world are in one currency that is not ETH, and 80 percent of all transactions and savings in the world are in one currency that is not ETH.
The Ethereum Co-Founder listed four currencies in the first poll: Bitcoin, Cardano, Solana, and USD. Cardano emerged as the most desired cryptocurrency in a moment of truth for Bitcoin and Solana users, getting 42 percent of upvotes versus Bitcoin’s 38 percent and SOL’s 13.1 percent. Only 6.5 percent of his supporters believe the US dollar will still exist in 2035.
Cardano received 42 percent votes in favor of saving the world and dominating transactions by 2035 after the community had 24 hours to register their responses. A total of 600,697 users recorded their responses, and Cardano received 42 percent votes in favor of saving the world and dominating transactions by 2035.
Cardano has gotten a lot of attention since smart contracts were introduced; Charles Hoskinson stated in late December 2021 that there were over 175 projects on Cardano and that about 11 projects would be completed by the end of Q1 2022.
The possibility of ADA gaining the upper hand is not implausible. Cardano has been making progress in the blockchain area with its smart contract handling methods, while Bitcoin is primarily considered a store of wealth with no apparent use cases. With most businesses embracing its technology, the network’s ability to record and preserve data has put it against competitors.
Cardano’s environmentally friendly character also drew a lot of attention, and while it may seem insignificant, Bitcoin is already dealing with environmental challenges, while other cryptocurrencies, like as Solana, have yet to announce any environmental projects.