Cardano has been quiet for a while. It's one of those blockchains, another one is Chainlink, that's not really that sexy. They tend to just be building, being careful to measure twice before cutting. The project stands out for its emphasis on scientific research and peer-reviewed development, aiming to ensure reliability and correctness. I call it an academic blockchain. Things, however, are starting to move along, at last.

Cardano is a blockchain platform focused on secure and scalable infrastructure for dApps and smart contracts. It employs a proof-of-stake PoS consensus algorithm called Ouroboros for energy efficiency and security. So, basically, it's a "better" Ethereum.

Cardano's layered architecture separates cryptocurrency handling from smart contract functionality, offering flexibility and upgradability. $ADA is the native cryptocurrency used for transactions and governance within the network.

Now we have things like $SNEK which is a Cardano-based meme coin that aims to simplify smart contract development using a Python-derived language, attracting more developers and fostering widespread adoption on Cardano. So basically it's a meme coin with functionality and purpose, unlike most meme coins. SNEK has been spotted by speculators and has pumped up in price, and increased the volume of activity on the Cardano blockchain significantly.

Am I bullish on Cardano or even SNEK?

Peace & Love,

Adé