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Cardano is designed for mass adoption from scratch
Never-ending debates revolve around the mass adoption of cryptocurrencies. However, one detail is overlooked by some people. The first generation of blockchain was not designed for mass adoption despite the fact that there are attempts to change that. A blockchain for mass adoption must be designed for it from scratch and the third generation can achieve it. We have a look at it in more detail.
The first generation of blockchain was not created for mass adoption
Satoshi created Bitcoin as an ideological protest against the traditional banking system and from the technological point of view, the network itself was just a well-working prototype. The first generation of blockchain does not scale, transactions are slow and expensive, coins are volatile and the usage is difficult for the mainstream. It is like that by design. The first generation was created to be decentralized and censorship-resistant and as such, it had to sacrifice abilities that are needed for the mainstream. At that time, the main focus was put on decentralization.
Cryptocurrencies were created for those who face some persecutions, are censored, cannot use the traditional banking system for any reason, or are just dissatisfied with the current state. That all is not mainstream. The first generation was supposed to serve mainly minorities in…
