Cardano ADA Launches Smart Contracts Tomorrow, (September 12, 2021)!

Big news for Cardano! Tomorrow – September 12, 2021 – smart contract capabilities will be enabled on the Cardano (ADA) network. In this article we will be discussing the potential impact that smart contracts may have on the ADA coin, and which Killer Whale products you can use to take advantage of this insanely bullish cryptocurrency!

Smart Contracts Open Many Doors

If all goes well with Cardano’s upgrade (which has been rigorously peer-reviewed and back-tested by the Cardano team), developers will be granted the ability to build Decentralized Applications on the Cardano network. This means the Cardano network can be expanded to include leverage DeFi – such as collateralized borrowing and lending, tokenization, NFT minting, and many other Dapps. The decentralized apps on the Cardano blockchain will likely be similar to those which exist on the Ethereum network.

Although Ethereum hosts the largest smart contract ecosystem, many Dapp developers – and the funds backing them – have moved away from Ethereum, and onto other smart contract enabled platforms. Smart contract enabled cryptocurrency projects like Polkadot (DOT), Terra (LUNA) and Solana (SOL) offer lower fees and faster transaction times than Ethereum. This is because Ethereum has struggled with scalability.

As the Ethereum ecosystem grows larger and more complex, the whole system slows down. This current shortcoming of the Ethereum blockchain is exactly what Cardano aims to take advantage of with the newest upgrade. As Cardano was designed to utilize a proof of stake consensus mechanism from the outset, the Cardano network is inherently faster, more scalable, and more ecologically efficient from the get-go. For this reason, Cardano has been labeled by some as the “Ethereum Killer”; although the validity of this sentiment remains to be seen. Given that Ethereum 2.0 is right around the corner, it is unlikely that Ethereum will be replaced as the world’s predominate smart contract platform anytime soon.

Which Killer Whale Products Take Advantage of Cardano?

Regardless of whether Cardano eventually flips Ethereum or not, this cryptocurrency project is one of the most innovative we have ever seen in the cryptocurrency space. Even now Cardano is the third largest cryptocurrency by market cap, sitting at $84.22 Billion, with a 24-hour trading volume of $8.63Billion. Once smart contracts are enabled tomorrow it is highly likely that these numbers will only increase. That being said, Killer Whale Strategies such as Ultimate Strategy , Swing Trade Strategy , Breakout Strategy , and Killer Whale Large Cap Sector Strategy are all great options!

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