Does Cardano need meme coins? Traditional banks and cryptocurrency exchanges are

Question

Does Cardano need meme coins? Traditional banks and cryptocurrency exchanges are

collapsing. Blockchain is an emerging technology that can potentially improve how banks operate. DeFi offers an alternative to the traditional financial world. When else but now is the chance to get the spotlight. Unfortunately, instead of DeFi, the media is filled with articles about meme coins. The craze started thanks to unexpected Bitcoin innovation, namely projects Ordinals, and BRC-20. Speculators have started to get excited about the possibility of issuing tokens on Bitcoin. The craze soon spread to Ethereum and we have beautiful new meme coins in the Cardano ecosystem as well. Bitcoin and Ethereum are congested and many transactions are waiting in the mem pool. Transaction fees are skyrocketing. Cardano is also slowly approaching its throughput limit. Are meme coins the blockchain industry's best answer to failing banks? We can agree that it's definitely not. The current mania has reopened debates about the scalability of the first layers and the readiness of the blockchain industry for the financial revolution. Are meme coins useful for the Cardano ecosystem?

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#ada #blockchain #cryptocurrency #english

0

09.05.2023

4 ответов

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Satucha Автор вопроса

Green Candle
Are meme coins useful? They run through lots of ga...

I partially agree, but I think people should mainly talk about stablecoins and DeFi. It bothers me that people can lose money on meme coins. Let meme coins arise, but let's talk about what their true purpose is and what their future is.

0

10.05.2023

Green Candle

Satucha
I partially agree, but I think people should mainl...

I get you and totally agree stables should get more traction. Djed is in the news poorly and there are other stables out no one heard off. It's great L2 gets so much attention now with Hydra. Back to memes, I do love Hosky as a "person" (in a dog suit) and how he seems to integrate in the community as a satire to the whole idea of meme coins. Maybe Hosky is more close to what you wouldvalue in a meme coin.

0

10.05.2023

Satucha Автор вопроса

Green Candle
I get you and totally agree stables should get mor...

Hosky is a nice meme and I like it.

0

10.05.2023

Green Candle · Accepted Answer

Green Candle

Are meme coins useful? They run through lots of gas and make people talk about memecoins. But that's the whole meaning of a meme, spreading. I like the fuzz and snek community is growing on me. I like candles and they provide a lot of them 😂

0

10.05.2023

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Does Cardano need meme coins? Traditional banks and cryptocurrency exchanges are

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