$ADA is really rubbish. They always talk about how good the fundamentals are. The price of the currency will not lie. I won’t tell you how much it will rise. The key is that it is not resistant to falling. I misjudged it. Fuck him.
Let's take a look at the current market's objective situation - the number of altcoins hit a new high, with 1 million new coins created in May alone, twice the number of tokens on ETH from 2015 to 2023. The proportion of altcoins to BTC has been on a downward trend this year and is now close to the lowest point in the bear market. The overall narrative is relatively backward, and specific narratives perform significantly better than other narratives, lacking killer application innovation. The altcoin market as a whole has entered the PVP stage - a general rise in Q4 of 23, more wins and fewer losses in Q1 of 24, and extremely dispersed liquidity in Q2 of 24, with more losses and less wins. In summary, the market has no money, and altcoins are too saturated to pull up, and the overall liquidity is relatively poor, which may be more difficult than the bull market in 2020. The development of anything is constantly evolving and will not remain unchanged. If you play the altcoins of this cycle according to the logic of the previous round, your mentality will inevitably collapse.
For this round of new coins, VC coins should not be accepted. The liquidity is insufficient. If you accept them, you will be trapped. The selling pressure is continuous and anyone who accepts them will cry.
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In order to improve the shortcomings of Cardano, the following measures can be taken:
1. **Speed up the development progress**:
- **Increase development resources**: Expand the development team, add more developers and researchers, and accelerate the advancement of the project.
- **Optimize the development process**: While maintaining academic rigor, introduce more efficient development and review processes to reduce lengthy development cycles [37†source][38†source].
- **Cooperate with other projects**: Share resources and technologies through cooperation with other blockchain projects and research institutions to promote common development.
2. **Enrich the smart contract and dApp ecosystem**:
- **Provide more developer tools**: Develop and release more easy-to-use development tools and frameworks to lower the entry threshold for developers [35†source].
- **Launch a developer incentive program**: Incentivize developers to build applications on the Cardano platform through financial and technical support.
- **Hold hackathons and developer competitions**: Regularly organize hackathons and developer competitions to stimulate creativity and innovation.
3. **Improve transaction processing speed and scalability**: - **Implement second-layer solutions**: Accelerate the development and deployment of second-layer solutions such as Hydra, and significantly improve transaction processing capabilities [38†source]. - **Optimize consensus mechanism**: Continue to improve and optimize the Ouroboros consensus protocol to further improve efficiency and scalability. - **Deploy sharding technology**: Research and implement sharding technology to disperse transaction processing load and improve overall network performance.
4. **Promote decentralized governance**: - **Expand community participation**: Through education and publicity, let more community members participate in governance and increase their participation and influence [38†source]. - **Improve governance mechanism**: Continue to improve and improve governance mechanism, such as implementing CIP 1694 and establishing Intersect, to ensure that the decision-making process is more transparent and efficient [38†source]. - **Introduce incentives**: Provide incentives for community members participating in governance to encourage more people to participate in the governance process.
5. **Increase market acceptance and penetration**: - **Strengthen marketing**: Improve the visibility and recognition of Cardano through multi-channel marketing and brand promotion.#ada未來 #ADA
Cardano is a blockchain platform that is getting a lot of attention, and although it has many advantages, it also has some significant disadvantages and challenges. Here are some of the main disadvantages of Cardano:
1. **Slow Development Progress**: Cardano is known for its rigorous academic and peer-reviewed approach, but this approach has also resulted in a relatively slow development progress. Although this approach improves security and reliability, it may lag behind competitors in the rapidly evolving encryption market [36 † source ] [ 37 † source ].
2. **Incomplete smart contract and dApp ecosystem**: Although Cardano has introduced smart contract functionality, its decentralized application (dApp) ecosystem is still not as rich as Ethereum. Many developers and projects prefer to use Ethereum, resulting in Cardano's user and developer community growing relatively slowly [35 † source].
3. **Transaction processing speed and scalability**: Cardano’s current transaction processing speed and scalability still need to be improved. Although it is theoretically capable of processing 257 transactions per second, this speed is still insufficient compared to some competitors such as Ripple [36 † source].
4. **Over-reliance on the core development team**: Although Cardano is moving towards decentralized governance, it is still highly dependent on its core development team and founder Charles Hoskinson. This dependence may limit the decentralized development of the platform [38 † source ].
5. **Low market acceptance and penetration**: Compared with Bitcoin and Ethereum, Cardano has lower market acceptance and penetration. This may affect its promotion and use in practical applications [37 † source ].
Despite these shortcomings, Cardano is actively improving its technology and ecosystem, such as by introducing second-layer solutions such as Hydra to improve scalability, and developing Midnight sidechains to enhance privacy protection [35 † source] [ 38 † source 】. These efforts show Cardano’s potential for long-term growth. #ada未來 #ADA