Cardano and Bitcoin can coexist and support each other

Cryptocurrencies are a very competitive environment and the question is which projects will exist in the next 10 years. This will be decided mainly by the users who adopt the projects and start using them in real life. Let’s take a look at how Cardano and Bitcoin compete and how they can complement each other.

The battle for the best cryptocurrency

Cryptocurrencies came into the world with the idea of becoming state-independent money. Bitcoin was the first successful cryptocurrency, and many other similar projects followed. For example, Litecoin is a typical Bitcoin clone with slightly altered characteristics. You could say that the projects fought among themselves to see which one was the better currency. However, this battle never really happened in a big way. In practice, we can even see Litecoin being used more than Bitcoin, as it has cheaper and faster transactions. So is Litecoin a better cryptocurrency than Bitcoin? It’s impossible to say. In terms of adoption, Bitcoin clearly leads despite having the slowest and most expensive transactions in the entire cryptocurrency space. The battle for the best cryptocurrency is not decided by people and real-world usage daily, but by institutional investors and companies that invest in individual projects. We see a battle there at the market…