Adoption of Cardano will be different from the First Generation of Cryptocurrencies
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The world’s first known cryptocurrency was Bitcoin, which well represents the first generation of cryptocurrencies. The second generation represents Ethereum 1.0, which came with the concept of smart contracts. Cardano belongs to the third generation that will solve other common cryptocurrency problems such as scalability, project governance, and interoperability.
The fundamental difference between the first and the third generation is that Cardano is a platform and Bitcoin is not. We will focus on the differences related to Bitcoin and Cardano adoption since the way of adoption and attracting user attention will be significantly distinct.
What is a platform
Generally speaking, a computing platform or digital platform is the environment in which a piece of software is executed. You might hear about Java. Java is a programming language and a computing platform for application development. Java platform is a collection of programs, tools, compilers, libraries, etc., that help to develop and run programs written in the Java programming language. Thus, a developer can use the Internet for data transferring and communication, work with resources on a given operating system, create fancy UI, etc.
As a software developer, I can use the Java programming language to write an application that people can use. It doesn’t matter if the application is commercial or not. The app can be a video player, a notepad, a game, an accounting program, an exchange interface, a wallet, or anything else that the platform and my fantasy allow me to create. Thanks to the Java platform, I can count on having my application run smoothly on almost any computer or cell phone in the world. Java platform includes an execution engine and I can rely on it and know, that it will be easy for users to install and use my application if they wish so.
Below, you can see a very simple Java program.
I have written it within a minute so it just prints a single sentence into the console. It is not definitely an app to bother to download and run. I’m definitely not going to get rich. It should just demonstrate the power of the Java platform. I can use available tools for application creation…
