Algorand Supremacy: Or, Why It Never Even Began for ADACels
Updated
lotta people frothing at the mouth for cardano, da coin has excellent marketing but peeps is a lil too excited about tha tek. here some properties of popular cardano coin rn. we gonna look at da tech and decide if is good to make purchase of coin for long term holding
Cardano:
Circulating supply: 31B ADA
Market Price: $0.40
Market Cap: 12B
Strongly Consistent Ledger: Nah
Staking Pools: Ya
Reddit subscribers: 102k
Coinbase: Nah
Block time: 20s (?)
Smart Contract: stateful
Wallet: dedalus
Algorand:
Circulating supply: 1.2B ALGO
Market Price: $0.60
Market Cap: 720M
Strongly Consistent Ledger: Ya
Staking Pools: Nah
Reddit subscribers: 5k
Coinbase: Ya
Block time: 4.5s
Smart Contract: stateful and stateless
Wallet: algorand mobile wallet
now we compare stuffs
Circulating supply: this is what people see wen they look at coinbase profile on the coin, whether them number is accurate or not it doesn't matta, u can see dere is a lot more ADA that existy
Market Price: da price of coin, algoran a little more spensiv
Market Cap: da supply and da price
Strongly Consistent Ledger: this mean dat when one node observe a block they all observe it, it mean network cant be partittty and can't fork. cardano need to wait before transaction can be confirmed for a few blocks up to "k" where "k" is a security paramurtur of da network. algorand need only one block to achieve finality. cardano similar to btc in da sense dat da ourboros can forka worka. really loses on that front.
Staking Pools: this mean that u have to delegate your coin to a stake pool to get staking, coin like cardano, eth 2.0, tezos, they all use stake pool. algorand uses pure proof of stake so as long as u gots an address u get rewards. very cool and easy to use.
Reddit subscribers: this is how many autists already know about the coin, use your own judgement about how priced in or hyped da tech is
Coinbase: whether tha coin is on coinbase, algorand already on coinbase so you can expect a bonus pump for ada if it gets listed
Block time: how long it takes to confirm one block. keep in mind dat a strongly consistent ledger needs only one block to get finals. if you hear something like "oh but they are gonna do a digraph thing to increase transaction speed to xxxx amount" dont listen to that cuz any coin can do that, wat im comparing here is block time
Smart Contract: both of dems support smart contracts, algorand has stateless and stateful ones that allow u to have more flexebility, dere also no loops in da algorand one dunno about cardano, looky at what happen to eth 2.0 and recursive defi withdrawal hack.
Wallet: algorand doesnt have desktop wallet, cardano has crappy dedalus wallet but its not dedalus wallet fault, its cardano fault, every node on cardano need to be a full node and store entire ledger, so big L. that means size requirements grow and there no fast ketchups, algorand wallets are small cuz they never need to download the whole chain and can use fast ketchups, but disadvantage is no desktop wallet
ok so now u read all this stuffs and say, bro i should now sell me cardano right? absolutely not, cuz peeps dont understand any of this stuffs, cardano will still go uppa, uppa, maybe even over a dollar, but long term it wont be the winner, keep dat in mind and keep ur trades smart, if u boughted cardano for cheap, take some profit rn and make bak ur original investment and put some in algorand cuz dats where long term money is
Cardano:
Circulating supply: 31B ADA
Market Price: $0.40
Market Cap: 12B
Strongly Consistent Ledger: Nah
Staking Pools: Ya
Reddit subscribers: 102k
Coinbase: Nah
Block time: 20s (?)
Smart Contract: stateful
Wallet: dedalus
Algorand:
Circulating supply: 1.2B ALGO
Market Price: $0.60
Market Cap: 720M
Strongly Consistent Ledger: Ya
Staking Pools: Nah
Reddit subscribers: 5k
Coinbase: Ya
Block time: 4.5s
Smart Contract: stateful and stateless
Wallet: algorand mobile wallet
now we compare stuffs
Circulating supply: this is what people see wen they look at coinbase profile on the coin, whether them number is accurate or not it doesn't matta, u can see dere is a lot more ADA that existy
Market Price: da price of coin, algoran a little more spensiv
Market Cap: da supply and da price
Strongly Consistent Ledger: this mean dat when one node observe a block they all observe it, it mean network cant be partittty and can't fork. cardano need to wait before transaction can be confirmed for a few blocks up to "k" where "k" is a security paramurtur of da network. algorand need only one block to achieve finality. cardano similar to btc in da sense dat da ourboros can forka worka. really loses on that front.
Staking Pools: this mean that u have to delegate your coin to a stake pool to get staking, coin like cardano, eth 2.0, tezos, they all use stake pool. algorand uses pure proof of stake so as long as u gots an address u get rewards. very cool and easy to use.
Reddit subscribers: this is how many autists already know about the coin, use your own judgement about how priced in or hyped da tech is
Coinbase: whether tha coin is on coinbase, algorand already on coinbase so you can expect a bonus pump for ada if it gets listed
Block time: how long it takes to confirm one block. keep in mind dat a strongly consistent ledger needs only one block to get finals. if you hear something like "oh but they are gonna do a digraph thing to increase transaction speed to xxxx amount" dont listen to that cuz any coin can do that, wat im comparing here is block time
Smart Contract: both of dems support smart contracts, algorand has stateless and stateful ones that allow u to have more flexebility, dere also no loops in da algorand one dunno about cardano, looky at what happen to eth 2.0 and recursive defi withdrawal hack.
Wallet: algorand doesnt have desktop wallet, cardano has crappy dedalus wallet but its not dedalus wallet fault, its cardano fault, every node on cardano need to be a full node and store entire ledger, so big L. that means size requirements grow and there no fast ketchups, algorand wallets are small cuz they never need to download the whole chain and can use fast ketchups, but disadvantage is no desktop wallet
ok so now u read all this stuffs and say, bro i should now sell me cardano right? absolutely not, cuz peeps dont understand any of this stuffs, cardano will still go uppa, uppa, maybe even over a dollar, but long term it wont be the winner, keep dat in mind and keep ur trades smart, if u boughted cardano for cheap, take some profit rn and make bak ur original investment and put some in algorand cuz dats where long term money is
Note
ALGORAND/CARDANOHow it started: 1.50
How its going: 1.82
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