The developer of the favored blockchain visualizer on Cardano eUTxO.org Peter Oravec debunked a well-liked false impression about Cardano’s low variety of transactions on the blockchain in comparison with smaller different networks like HBAR.

Based on the unique put up, the assist of the HBAR community shares eye-catching information: the comparatively younger community HBAR appears to have nearly the identical actual variety of transactions as Cardano, which has been operating within the business since 2017.

Nevertheless, it’s too early to make any assumptions: the stats anybody can see on the HBAR blockchain explorer are deceptive, says the developer. Greater than 99% of all transactions on that community are consensus messages and don’t have anything to do with actual community utilization.

In comparison with HBAR, Cardano is making 10 occasions extra actual transactions and stays permissionless, therefore extra decentralized. The consensus messages that correspond to most of HBAR’s transactions usually are not truly tied to worth transfers, which is why they can’t be thought of “actual transactions.”

Different Cardano fans rushed to disagree with the unique put up’s writer and instructed him to develop into extra educated previous to sharing deceptive info. Cardano is certainly a a lot greater community in comparison with HBAR and offers extra worth, particularly contemplating the quantity of recent options and initiatives which have attracted a whole lot of recent customers on the blockchain since its launch.

Sadly, Cardano’s underlying cryptocurrency ADA will not be doing as effectively in the marketplace as one would anticipate after taking a fast take a look at the community’s improvement in the previous couple of years. Even throughout the short-term bull run, ADA is barely overperforming Bitcoin’s progress and never even remotely overlaying the losses buyers have skilled since 2021.





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