Expirience Part 2

As I said before, Cardano has launched NFT projects and also has great dexes for liquidity mining.

The staking process is one of the best in the cryptoverse and for me the most important thing is. The eutxo model allows things I was not able to do on Ethereum, Solana or BNB.

This is where Cardano has a huge advantage. I can claim all my pools on a dex with just ONE transaction. If you provide over 15 LPs, it's great to claim as many as possible in one step. Since the rewards prices are very volatile, I claim all the rewards every 5 days. To claim the rewards, it takes me 1 minute. And all my rewards (10 different tokens) arrive in my wallet.

After I receive the rewards, I exchange them to Ada. This takes 30 seconds and usually costs 0.2-0.3 Ada as a transaction fee. To claim rewards, the wallet sends 0.2-03 as a fee and also 1.5 Ada for the token transfer. On eutxo, the tokens can only be sent using Ada. But when I get my rewards, I also get back my 1.5 Ada that was used for the transport. Not only you can get many different rewards in one transaction, you can also send: 5,000 Ada, 100,000 Copis (tokens), 500 WMT (tokens), 15 Spacebuds (NFTs), 10 ClayNations (NFTs) in one transaction for less than 2 Ada for EVERYTHING! And maybe 1 minute to select all the tokens and coins you want to send.

Cardano also already have a naming system on Cardano. It's almost the same as the eth name service. But it's even more user friendly. On eth, you have to pay for the service for a certain period of time. I think I paid around $80 for 3 years? I don't really remember. If I want to use the name after that, I have to pay again.

On Cardano, you just create an NFT like "MyWalletName", send that NFT to your Cardano wallet and the system recognizes that as your wallet address. In this case, you don't need to use the big address strings. You can just send your coins to your "MyWalletName". Also, this NFT doesn't expire. You have it and can use it until the end…

Yes, the activity on Cardano is not as big as on Ethereum or Solana. Cardano has many projects that are in development but have a big future. Anyway, Cardano has some NFT marketplaces, dexes and many great but not big known projects. But they are all developing step by step.

Conclusion:

Transaction time is less than a minute It's cheap (costs about 0.3 Ada). When you send tokens, you need about 1.5 Ada for transportation. Staking is not locked and coins do not leave your wallet. Cardano has a simple naming service. The eutxo can send many different tokens and coins per transaction.

Last but not least, reliability!

Cardano has been online SINCE 2017. Even when it slowed down when SundaeSwap launched. Or when 60% of all pools crashed. Block production did not stop. When block production once was delayed by 20 minutes after epoch change, the blockchain was also NOT down. This incident was not a big deal, usually block production is delayed by about 5 minutes at every epoch change (every 5 days) (this is normal on Cardano). But every transaction is stored in this situation and continues after the epoch change. One time this delay was not 5 minutes but only 15 minutes more.

Cardano delivered everything that was promised. Yes, every time with delays. But they delivered, it works great and is reliable.

Just be open-minded. Use the right wallet (not Daedalus, that is a fullnode and loads the whole blockchain EVERY TIME), use wallets like Eternl. This browser wallet is smart contracts ready and great designed. There are several other great wallets. But don't make the mistake and try a fullnode.

Thx for reading