{"id":162149,"date":"2022-08-15T11:37:39","date_gmt":"2022-08-15T11:37:39","guid":{"rendered":"https:\/\/precoinnews.com\/?p=162149"},"modified":"2022-08-15T11:37:39","modified_gmt":"2022-08-15T11:37:39","slug":"ada-whale-on-cardanos-three-main-advantages-over-other-pos-l1-blockchains","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ada-whale-on-cardanos-three-main-advantages-over-other-pos-l1-blockchains\/","title":{"rendered":"\u201cADA Whale\u201d on Cardano\u2019s Three Main Advantages Over Other PoS L1 Blockchains"},"content":{"rendered":"
On Monday (August 15), one highly popular pseudonymous $ADA\u00a0whale pointed out three ways in which Cardano is better than other layer 1 Proof-of-Stake (PoS) blockchains.\u00a0<\/p>\n
\u201cADA Whale\u201d (\u201c@cardano_whale\u201d on Twitter) told his over 110K Twitter followers that Cardano does \u201csecurity, staking and decentralisation of block production\u201d better than any of its L1 competitors that use PoS consensus:<\/p>\n
He then went on to comment on Cardano\u2019s total value locked (TVL), i.e. the amount of user funds deposited in its decentralized finance (DeFi) protocols. According to data by DeFi Llama, currently (as of 9:30 a.m. UTC on August 15), Ethereum is the blockchain with the highest TVL with $38.94 billion and Cardano is in 28th place (among all blockchains, not just L1 blockchains) with a TVL of $100.46 million.<\/p>\n
\n<\/p>\n
Anyway, here is how the popular Cardano influencer\/educator explained why Cardano\u2019s TVL is currently relatively small:<\/p>\n
On August 13, he explained what category of investors are Cardano\u2019s target audience:<\/p>\n
One of those that replied to him was the operator of the UK-based VEGAS ADA Pool:<\/p>\n
And on August 12, \u201cADA Whale\u201d provided a summary of IOG\u2019s mid-month development update on the progress toward the Vasil upgrade:<\/p>\n