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Comment by iagovar | Hacker News Reader

I've very skeptical for cryptos, specially about their regulatory survival, but I've been studying it a bit, and aside some obscure cryptos that are propably genius, I found nano worth mentioning as currency, and Cardano seems on track for a blank sheet replacement of Ethereum.

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Genuinely curious, why Cardano? There are dozens of reputable, high profile “eth killers”, such as Cosmos, NEAR, Polkadot, Solana, Avalanche, Tezos and many more. All of these have a proof of stake consensus, and smart contracts which are supposed to have some special sauce that makes them better than Solidity, be it functional programming, formal proofs, rust, or what have you.

Cardano seems to have accomplished the least of the bunch, (not even fully operational yet) but somehow it has spiked in the last few months to have the highest market cap. Not trying to offend you if you have invested in it or anything, but do you have any idea why?

Cardano doesn't have smart contracts yet. How many years has it been? How can they still be top ranked?

It’s like gen 3 crypto, incepted in 2017. I’m a believer in their platform and governance models, and enjoy their fast, cheap transactions today. IOHK is delivering something with vast consequence, generally on schedule. They will lag until dev adoption takes off, but then I have high hopes for the network and protocol to deliver on early crypto promises.

Yeah, but every blockchain that isn't used much has fast transactions. And even with smart contracts they will be missing layer 2. It's a long time to wait.

I am speculating on Algorand after doing some research and listening to a talk by Biden's SEC chair Gary Gensler where he spoke positively about it. It is a cool project in the Proof of Stake space. Although there are several "Eth killers", Algo included, that could go nowhere.

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