CDS Crypto News Expectations Are High for Cardano (ADA) in 2023
Crypto News

Expectations Are High for Cardano (ADA) in 2023

515
Expectations Are High For Cardano (Ada) In 2023
Expectations Are High for Cardano (ADA) in 2023

The promises made by Cardano in the 2021-2022 period are expected to be realized in 2023.

Expectations from  ADA For the Year 2023

Cardano, which came to the market as Ethereum killer, had made some promises to investors in the past by pointing out the year we are in. Foremost among these promises is the arrival of non-synthetic stablecoins. Although this development, which is thought to contribute to Cardano‘s significant growth in DeFi, is not new, it is one of the highest expectations of ADA investors. 

ADA Investors are Optimistic

ADA investors are very optimistic about the ‘stablecoin development’, which is one of the biggest problems of several Layer 1 projects that have taken place in the past year, in contrast to what has happened. 

There are two stablecoins expected to appear on the  network in 2023. The first of these is the USDA, which will be a US dollar-backed asset. The second one is Djed, which was developed together with Coti. 

Hydra, the Layer 2 Scalability Solution

Cardano took a big step forward in 2022 with the Vasil hard fork for scalability, which is one of the biggest problems of blockchain technology and the Crypto industry. 

Cardano is being prepared for Hydra, a Layer 2 scalability solution. Hydra aims to increase processing speed thanks to low latency and high throughput, without giving up low transfer speeds. This is one of the important developments that ADA investors are waiting for.

Oracles on Cardano

Rounding out the list of expectations is Oracles on the this blockchain. This feature, which connects on-chain and off-chain data, will be provided via Chainlink (LINK). 

In 2022, the altcoin market met Cardano’s decentralized oracle Charli3. Unlike previous oracle services, Charli3 serves to remove ADA’s on-net design, flexibility and scaling issues. Oracles, which are expected by Cardano investors and users in 2023, is also among the highly anticipated developments.

SOURCE

VISIT OUR OTHER BLOGS: ALL NEWS

Written by
Burak DANACI

The author focused on financial markets after graduating from Anadolu University, Department of Economics. After meeting with blockchain technology in 2019, he produces content on youtube and twitter in this field.

1 Comment

Leave a Reply

Related Articles

ESTC Stock – Elastic Stock Experiences 25% Surge After Strong Earnings Report

Elastic reported strong Q2 FY2025 earnings with $365 million in revenue, a...

XRP News – XRP Surges to 3-Year High Amid SEC News: What’s Next for Ripple?

XRP has surged to a three-year high following news of SEC Chairman...

Crypto Predictions 2025: Why Qubetics and Solana Are Set to Explode

The cryptocurrency market in 2025 offers immense growth potential, with top projects...