The countdown is on: The Cardano Goguen Mainnet is getting closer

The release of the Cardano (ADA) Goguen Mainnet is getting closer day by day. Investors are expecting a lot from the biggest upgrade in Cardano history — what’s ahead?ADA’s share price has already grown by more than 400 percent this year. The project has fought its way up to fourth place among the largest cryptocurrencies by market capitalization. In the last 30 days alone, the Ethereum competitor has grown by almost 170 percent.In the past 24 hours, Cardano has seen a slight decline, and at press time , the ADA price is at $ 0.8240.On February 3rd, the Cardano development team Input Output Hong Kong (IOHK) already carried out successful tests on the Goguen Testnet. The Cardano Foundation and the IOHK are therefore extremely optimistic that the Goguen Mainnet can still be launched by the end of February. The Goguen Mainnet transforms the Cardano blockchain into a so-called multi-asset network.This means that after the upgrade is fully implemented, it will be possible to build smart contract applications and tokens on Cardano. In addition, non-fungible tokens (NFT) and decentralized finance (DeFi) protocols should also be able to use the Cardano blockchain. In contrast to Ethereum, these applications should not be restricted by high transaction costs and long transaction times.A big difference between the fourth largest cryptocurrency and Ethereum is that there will be no more execution fees on Cardano after the Goguen upgrade. This means that users of the ADA blockchain do not have to pay any fees for executing transactions.The recent bull market in Ether (ETH) and other Ethereum projects has led to extremely high ETH transaction fees and many small investors are looking for alternatives for this reason. As a result, Decentralized Finance (DeFi) is currently not only developing strongly on Ethereum, but also on other blockchains . Cardano…