Cardano (ADA) will bring its second hard fork, Mary, to life in February 2021. Cardano published an article that shows after the hardfork, the Cardano network would be interesting and useful for DeFi. The article focused on basic issues such as low transaction fees and security.Cardano will become eligible for Decentralized Application (dApp) use after the upcoming hard fork. The Cardano community, which has played a major role in the growth of the project with its interest in the DeFi sector, expects positive developments after the hardfork.Developer Elliot Hill said:\u201cOur community will continue to play a key role in Cardano\u2019s development and be the biggest force behind the network.\u201dTransactions FeesGas fees, which are used to calculate transaction fees on the Ethereum network are necessary for scalability, can sometimes be very costly even in the smallest transactions. This is even more costly for DeFi applications and is considered an obstacle to the inclusion of new users in the ecosystem.Elliot Hill stated that the local tokens and products found in the Cardano network are not subject to the transaction fee, stating that Cardano was cost-effective. The biggest reason for this is that Cardano allows you to use local tokens and products without requiring a smart contract.Security goes to the next levelWhile Ethereum-based smart contracts have many advantages, they are vulnerable to security bugs. The smallest mistake made in drafting the contract could cost millions of dollars.Tokens created with Cardano technology do not need to write code separately. According to Elliot Hill, this allows for fewer human errors and makes Cardano a competitor to Ethereum in terms of security. He believes that Cardano will be more attractive to institutional investors.\u201cIf corporate companies start entering the DeFi sector, they will prefer tokens that have eliminated their security problems, rather than smart contracts.\u201dCardano, which continues\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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