The Other Side of Cardano: Analyzing the Impact of 0.41 tps on Blockchain Viability
In comparison to some of its peers in the blockchain industry, this performance makes it questionable whether Cardano is fully capable of reaching some of its projected potential in 2024.
As for the potential investors, the low tps could be interpreted as an indication of underinvestment into the technology.
Blockchain has a lot of possibilities but applying it to investments, one needs to understand not only the technological possibilities but usage and popularity as well.
Is Cardano Facing Utilization Issues?
There are several possible reasons for the low tps in the environment.
The first one might be the absence of realistic applications on the network, which is the reason behind its development.
Cardano has a relatively large community and sound technical fundamentals, the ecosystem can probably still lack enough users and dApps to support more usage.
Such low activity levels call into question whether Cardano’s lofty objectives are merely staking their claim.
Also they are actually gaining the steam needed to support decentralized finance (DeFi) and governance applications, for instance.
https://cryptonewsland.com/the-other-side-of-cardano-analyzing-the-impact-of-0-41-tps-on-blockchain-viability