Читать книгу Cryptocurrency All-in-One For Dummies онлайн

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 Total number of coins: Bitcoin has a finite number of 21 million coins. Cardano also has a finite, maximum supply of coins, totaling 45 billion.

 Transaction speed and fees: On Bitcoin’s network, transaction confirmation time averages around ten minutes and sometimes much longer. For Cardano, the speed can be as short as the generation of one block in 20 seconds. Cardano’s transaction fee is also considerably lower than Bitcoin’s, averaging less than $0.30 in mid-2021.

Cardano’s main traits include the following:

 Cardano’s token symbol for investors is ADA.

 Cardano is not mineable.

 It uses a proof-of-stake (PoS) protocol rather than proof of work (PoW).

 Transaction time for a new block is around 20 seconds.

 Transactions can sometimes be made anonymously using certain exchanges.

 Cardano is decentralized.

 Cardano’s energy cost per transaction is a fraction of Bitcoin’s.

The preceding sections introduce some of the most well-known cryptocurrencies that also have some of the largest market capitalization on average. But being famous doesn’t necessarily mean they’re better. In fact, many analysts and investors believe some of these celebrity cryptocurrencies may vanish within ten years (see Book 5, ssss1 for more). Also, having a bigger market cap doesn’t necessarily mean having a brighter future. Their current popularity may just be the proverbial 15 minutes of fame, and they may therefore have lower growth opportunity compared to those that are less known.