DASH

pastilance

**Ahem, Cough, Cough** LTC, RVN, DCR, DASH

ZephiraNET

I'm doing Iexec RLC, A.I and decentralized computing / renting market. and DASH! BTC fork with masternodes and some age to it (2014)

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10kkgfg/daily_general_discussion_january_25_2023_gmt0/).

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10i5m0a/daily_general_discussion_january_22_2023_gmt0/).

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10hdaqg/daily_general_discussion_january_21_2023_gmt0/).

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10ghhlu\/daily_general_discussion_january_20_2023_gmt0/).

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10fmn05/daily_general_discussion_january_19_2023_gmt0/).

SquatDeadliftBench

XMR, LTC, DOGE, DASH, NEO, BTC, ZEC. They were developed and taken over by a community/made open source/open source from the get go. There is 0 "promotion" of these coins other than CEXs using them to share their list of tradable coins.

UrbanWoody

BTC back in 2016/2017 after I heard some colleagues talking about it. I sold it to buy DASH, NEO, STRATIS and some other coins because they were making nice profits on them and I had no clue what I was doing anyways.

jackieo01

Cryptomaximalists mayb. But FTX and other scandals don't remove BTC's scaling issues and slow transactions. I think DASH is poised for a boost in recognition thanks to features that make these problems go bye bye

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10af5f6/daily_general_discussion_january_13_2023_gmt0/).

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10af5f6/daily_general_discussion_january_13_2023_gmt0/).

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/108phjk/daily_general_discussion_january_11_2023_gmt0/).

Tiny_Voice1563

With saying BTC is better than “random alts,” can you explain how BTC actually is better as digital cash? More functional? Has more value? Compare to things BCH, XMR, LTC, or even NANO and DASH (but mainly the first three)? The fact that Monero keeps rising against BTC for over the last year is a clue.

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1063vi8/daily_general_discussion_january_8_2023_gmt0/).

aTalkingDonkey

I have been in the space since 2013 - but I had no money then to invest (student life). Back then it was all about 'which chain will be the best' BTC was obviously first, but the first of a technology is rarely the best. Honourable mentions to DASH, PEERCOIN, BITSHARES, NAMECOIN - all of which are now interesting footnotes in history. As this spaces evolved this sub, and places like it where were people came to discuss the merrits and advantages that one project would have over another. then ETH started with the smart contract platform idea and everyone assumed that ETH would flip BTC. it was called 'the flippening' here. Others began to create their own smart contract platforms, or use ETH's infrastructure to change the rules - and so we would discuss why those implementations would be better. the TPS race started and chains like EOS were going to be better than ETH. Then ADA was going to be better than ETH but their development was delayed so consistantly it became a meme. and as each of these projects pop up, claim they are going to change the industry - people read the marketing and the roadmap and believe BELIEVE that this new project solves all the issues of ETH. But they didn't really know how to solve the problems any better than the ETH team did. and so they would fall into obscurity and be replaced by a new shiny thing. so although the space seem tribal really we have all come to the conclusion that this space will host multiple chains forever, and the chains that are able to upgrade as new tech and new ideas become available will survive, and those that were poorly made, or unable to upgrade will die out.

white_male_centrist

SHIB could very much be like DASH DASH pumped to over $1500 in the 2017 market peak. But then only was able to hit like 1/3rd of that in the 2021 May Peak. It seems to me that alot of projects will be like this.

jackieo01

DASH's had noncustodial staking for **years** now. I think since 2015, so it ain't so much the future, as the here and now. DASH offers I think 8% ROI per year on a $45k investment of 1000 DASH.

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/104enw6/daily_general_discussion_january_6_2023_gmt0/).

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/102nwzt/daily_general_discussion_january_4_2023_gmt0/).

jackieo01

And with DASH you get the instant transactions anywhere and easy interface for users + autonomy of your money. So its a winwin.

jackieo01

DASH can. Every DASH transaction is instant and costs about one tenth of a cent. There's a service called DASH Text where you can send DASH to a phone number too.

jackieo01

Bitcoin is aight but fr fr DASH is superior. I know a lot of alts claim to be better than BTC, but for DASH its actually true. DASH is accepted at more places than BTC is [New Dash Payment App Is Accepted By More Than 150,000 Retailers, BTC only accepted at 24,000](https://www.livebitcoinnews.com/new-dash-payment-app-accepted-by-more-than-150000-retailers/) DASH's got instant transactions, all the time. BTC makes you wait a hour before you can spend your funds. XMR makes you wait 20 minutes every time you want to **send** money! DASH is proof of work just like BTC is, but DASH splits the block reward and has paid full nodes. BTC nodes are just hobbyists. In DASH you get paid. DASH scales better than BTC and's got governance too.

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zykwb7/daily_general_discussion_december_30_2022_gmt0/).

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zxpgqq/daily_general_discussion_december_29_2022_gmt0/).

jackieo01

I don't got a masternode so I can't vote, but in DASH if you got 1000 DASH you can vote on who gets paid from the last 10% of the block coin reward. That's how DASH's development team is funded every month.

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zxpgqq/daily_general_discussion_december_29_2022_gmt0/).

jackieo01

In order to get a masternode you gotta buy 1000 DASH. Not 10 or 20. You can argue about the economics of staking, but you can't deny that DASH is the first, only and best governance crypto.

nagareteku

In the case of DASH, someone who invested U$12,000 in Dec 2017 (10 DASH at $1200 average) will have been considered to be less invested than someone who invested U$900 today in Dec 2022 (20 DASH at $45 average) From a purely financial viewpoint, does the latter really have more at stake than the one who invested 10x more 5 years ago?

jackieo01

DASH's got on-chain governace actually. DASH is the first and longest running DAO and first on-chain governance coin. I don't know of any others but DASH is one. 1000 DASH stake plus a computer server to run a node gets you 7% returns a year and voting rights on the budget from the last 10% of the block reward.

jackieo01

In DASH its a good thing fr. DASH masternodes got stake invested so lettin' them decide where the last 10% of the block reward goes makes sense. And DASH just uses DASH so there's no extra tokens either. DASH is the only crypto with a decentralized dev team gettin' paid like in the real world. Other coins have to use donations and stuff like that. And since you gotta have 1000 DASH to run a masternode, we can trust your vote is for the best since you invested too. Your butt is on the line so you better behave. Fr I honestly wish I could afford a masternode. 7% returns every year, plus voting rights. And if DASH's price goes up your investment goes up to. Its a win win

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zwuhtw/daily_general_discussion_december_28_2022_gmt0/).

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zwuhtw/daily_general_discussion_december_28_2022_gmt0/).

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zw0x98/daily_general_discussion_december_27_2022_gmt0/).

jackieo01

I will continue, thx. DASH's privacy is way better than XMR's. XMR has open breaches in its protection while DASH don't. [Progress Report on OSPEAD: Fortifying Monero Against Statistical Attack](https://np.reddit.com/r/Monero/comments/yyohle/progress_report_on_ospead_fortifying_monero/) The guy that wrote that said XMR's privacy was busted to an "unacceptable" degree by this attack, which has always been possible fyi. Ya'll ain't got no room to talk about "not even private". XMR is the "privacy coin" that's not even private, not DASH. [Monero Privacy Protections Aren't as Strong as They Seem | WIRED](https://www.wired.com/story/monero-privacy/)

jackieo01

DASH has more stores adopting it than BTC, [New Dash Payment App Is Accepted By More Than 150,000 Retailers](https://cryptrace.com/2021/08/01/new-dash-payment-app-is-accepted-by-more-than-150000-retailers/) >Dash – which stands for “digital cash” – is a cryptocurrency that has really seen its horizons grow over the past several years. The asset presently has a new payment app that allows people to make everyday purchases. It is presently supported by more than 155,000 stores and retailers all over the world, along with 125 separate online retailers, **making it far more prominent as a payment currency than BTC.** BTC is accepted at like 30,000 stores around the world, so DASH's got 5x the adoption of BTC. BCH ain't accepted at more than 3-4K retailers globally, so actually BCH is the much smaller coin here.. DASH is the most accepted cryptocurrency in Venezuela too. No other coin, including BTC and BCH, comes close. [DASH had 50,000 active (used in last 30 days) android wallets in Venezuela in 2020](https://twitter.com/StayDashy/status/1219355943479185414) [Dash sees 562% increase in active wallet users in Venezuela](https://coinrivet.com/dash-usage-in-venezuela/)

CTRL22WTF

Lol, DASH (Darkcoin)... the "privacy" coin that's not even private. XMR isn't designed to be fast, rather fungibility at base layer. You're arguing into the wind here, but feel free to continue.

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zw0x98/daily_general_discussion_december_27_2022_gmt0/).

jackieo01

BCH don't got instant transactions like DASH do so you really shouldn't group em together like that, its dishonest. DASH is faster, more adopted and has got a much larger community around the world than BCH. BCH ain't really adopted anywhere

jackieo01

You forgot DASH. The only coin that actually got instant transactions. XMR, BCH, eCash, BTC, none of them are actually useful as currencies cuz you gotta wait for block confs, on XMR you gotta wait 20 minutes between sends unlike every other crypto. DASH has no waiting, sender or receiver, its always instant. No other coin is like that

jackieo01

Well, XMR is just as slow and crappy as BTC, worse in fact because in XMR you gotta wait 20 minutes to send more than one transaction. Even BTC lets you send whenever you want. DASH is the only cryptocurrency that's got instant transactions, so its the only one that works as a curerency. BTC and XMR both fail at it

manageablemanatee

That's a really good description of the issues facing any cryptocurrency attempting to become a medium of exchange. I'm optimistic it will happen eventually, but I'm not so optimistic about BTC doing this because its block subsidy drops off so steeply over time and the interaction this has with transaction fees, price and security is troublesome. It will have to be something else. I think it's more likely to be a DAG (e.g. IOTA, NANO though not necessarily one of those) than a blockchain (BTC, LTC, DASH etc.) Certainly I don't see cryptocurrencies *replacing* fiat in any meaningful sense for at least the remainder of this century, primarily because of its importance for collecting taxes and denominating debts, and paying for public expenditures. More likely is for fiat to operate alongside international and more independent currencies, giving individuals more choice.

jackieo01

DASH isn't as "impressive as Nano" cuz Nano ain't impressive. Its a terrible coin really. DASH is older, better and its speed ain't a gimmick that can be broken by spam like Nano. Sorry not sorry you bought bags, but you shouldn't try to trick others just cuz you made a dumb decision by investing in "a gamble"

jackieo01

Nah nope. I don't gamble, I invest and Nano ain't anythin' worth investin' in. DASH is better than Nano and don't gotta disrespect the principles of BTC to do it

jackieo01

Where? Who actually accepts Nano? I know DASH is accepted at over 150k different retailers around the world, as well as places like chipotle, target, whole foods, home depot, amc (with the gift cards). Can you buy any of that with Nano?

jackieo01

Not for DASH. DASH's got instant transactions as well as always lower than 1c fees. DASH can beat the trilemma cuz of the masternodes. Don't ask me how, but in DASH you can have fast, cheap **and** secure transactions all at once. Nano did things all the way wrong

jackieo01

Fr fr, I'd say DASH is the only actual crypto**currency**. Why? Cuz DASH is the only coin that's got instant transactions, instant respends, and good user interface. Coins like BTC and BCH make you wait a hour just to confirm you got ya money. With XMR you gotta wait 20 min every time you want to **send money!** That's not very currency like.

jackieo01

As far as I kno frfr, DASH is the only crypto with actual instant transactions. BCH uses 0 conf (which ain't an actual transaction by def), lightning gotta settle on chain and other coins just gotta wait.

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/ztwhpw/daily_general_discussion_december_24_2022_gmt0/).

JERMYNC

Let's talk alternative coins. Discuss In your opinion which of the following will progress in the next year or decades to follow: (by Market CAP) Bitcoin BTC Dodgecoin DOGE Litecoin LTC ShibaInu SHIB Stellar Lumens XLM BitcoinCash BCH Zcash ZEC Dash DASH

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zq804z/daily_general_discussion_december_20_2022_gmt0/).

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/znt0ap/daily_general_discussion_december_17_2022_gmt0/).

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/znt0ap/daily_general_discussion_december_17_2022_gmt0/).

CointestMod

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thr