Cardano Below $0.50: Is It a Buy Before the Vasil Hard Fork Upgrade?

Cardano (CRYPTO: ADA) is sowing the seeds to be a top Layer 1 protocol that could one day surpass Ethereum (CRYPTO: ETH). Developers can build decentralized applications (dApps) on the Cardano blockchain, as well as write smart contracts that automatically execute based on a predetermined parameter set.

But Cardano and its founder and leader Charles Hoskinson have received a fair amount of criticism for taking a slow and methodical approach to rolling out updates, a process that is basically the opposite strategy of Solana (CRYPTO: SOL) which more or less throws updates at the wall and hopes they stick.

The Vasil (pronounced like "fossil" with a "V") hard fork has been a long-anticipated upgrade and is by far the most important in Cardano's history. It will speed up transaction time and lower transaction costs, which could give Cardano a better all-around combination of decentralization, speed, security, and costs than Ethereum and Solana.

Source Fool.com