Smart Contracts - Speed & Convenience
Cardano has been known to achieve 250 Transactions Per Second (TPS) with plans to grow this number much higher. The 250 TPS simply means the number of transactions that get to be processed on the blockchain each second. This number compares very favorably to other popular networks: Ethereum, for example, is currently at only 30 TPS, which leads to network congestion and high costs for users.
The birth of Smart Contracts was back in 2014, when Charles Hoskinson and others launched the first 2nd generation blockchain, Ethereum, which brought a programming language to blockchain. The ability to run any computer programing logic on the blockchain made smart contracts possible. A Smart Contract works by embedding the involved parties’ terms and…