The Speed To Market of Cardano vs. Solana, Ethereum, and Bitcoin
Let’s address some of the FUD seen on various forums about the time it’s taken between the introduction of smart contracts and the release of the DEXs on the
Cardano network.
We’re all excited; partners and companies of Cardano are moving pretty fast. However, Cardano is a fundamentally different technology from Solana, Ethereum, and Bitcoin, so they have to build these programs from the ground up; it’s not a matter of simply forking someone else’s Github and making tweaks.
For example, Ethereum smart contracts went live on July 30th of 2015, and then the first DEX Uniswap went live in November of 2018.
On Solana, smart contracts went live in March of 2020, while the first DEX on Solana came about in July of 2021.
Comparatively, these Cardano partners and companies are making quick work of catching up with the Cardano ecosystem.
We want everyone to keep this in mind and keep perspective on these things; we’re seeing a renaissance around crypto and web 3.0, and it’s really easy to get impatient, but we want solid foundations and stable companies that will be around for the long haul.
Credits and References:
Visual Blockchain Designer & Explorer/ SundaeSwap
Kristin Newman, Working on the Visual Blockchain Designer and Explorer funded by Catalyst Fund6
#Blockchain #Bitcoin #Cardano #Ethereum #Solana #DeFi #SmartContracts #NFT #Gaming #Cryptocurrency #Energy #Networks #Technology
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