Is Cardano's native token ADA gearing up to dethrone Tron network's TRX massive adoption in Africa?
In a recent interview with Charles Hoskinson, he hints on Ethereum's Forster child Cardano gaining huge adoption in Africa.
It's no doubt that the mothership Bitcoin has dropped a mother load of colonies to establish it's brand and increase the awareness of crypto currency and blockchain technology in Africa.
With no thanks to PayPal, one of the world's giants in peer to peer payment including e-merchant plugs, restricting its service fully or partially in different corners of the continent.
And with the existence of such void, cryptocurrency is helping to bridge such gap.
With Bitcoin leading the crusade and ethereum right on its tail.
However due to Bitcoin's heavy mining fees, ethereum gas fee and with Bitcoin Cash long 16 block transaction confirmation delay, Litecoin was fully embraced.
With the shift from proof of work to proof of stake and the upshoot of staking and pool delegations brought to rise, mass adoption of Tron Network's native token TRX.
One of the obvious reason probably been it's cheap price value per token.
Or the free transaction fees for sending out TRX or for delegated TRX stake rewards
In my opinion this might be a tough crowd to beat in respect of ADA dethroning TRX.
Well that's just a noob's point of view and i do stand to be corrected.
I most definitely see ADA getting more adopted by Africans but dethroning TRX that might be a debate for another day.
Reason being...
I started my ADA acquisition and staking journey sometime within December last year with Atomic Wallet and till date have only been able to experience one rewarding epoch.
The transaction fee in comparison to the reward was a bit on the unfavorable side, well this was probably due to my initial cap volume.
...still looking to keep an update on this as more epochs unravel.
But be it as it may, ADA could definitely result to a worthy rival for TRX in the quest for mass adoption.
ADA is currently on the 6th position on the top ten cryptocurrencies on coinmarketcap and currently the second globally staked token.
In contrast, Tron is epochs away from the top ten cryptocurrencies and currently the 11th most globally staked token.
In other news, moving forward on it's road map ADA is soon to enter to it's Goguen era, and with this milestone climb.
Cardano is gearing to becoming more decentralized with enhanced scalability and interoperability within Dapps as speculations are making around about the influx gathering of more developers into the network.
Goguen is expected to start off somewhere within the first quarter and the second quarter of this year.
If anything, this would push up the adoption of ADA globally towards the 100 million users flagship.
See you in the goguen era...if you not already on that Titanic, would welcome you to take a sail onboard.
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