Cardanians, the guardians of Cardano security and decentralization, recently emphasized the extent to which the Proof of Stake (PoS) is secured by Cardano (ADA).
This emphasis is based on the low chance of a 51% attack on the Cardano network (ADA). The Cardans stressed the almost impossible requirement to carry out such an attack.
This was shared on the Cardanians official Twitter handle a few hours ago. In the tweet, Cardano security guards assured that a 51 percent attack on Cardano (ADA) would require possession of more than half the coins used. “A 51% attack on Cardano requires the possession of> 1/2 used coins …”, stated the Cardanier.
They went on to say that this implies that the attack could cost ADA 15 billion if ADA is valued at a price of $ 1, which is a thousand times more money currently needed to launch a 51% attack on Bitcoin ( BTC).
“… This can be ~ 15 billion ADA, so the attack at the cost of ADA = 1 $ ~ 15 billion $. For your imagination, that’s ~ 1000x more money than the currently possible 51% attack on Bitcoin. Cardano PoS will be very secure. “
To commit a 51% attack on #Cardano, possession of> 1/2 used coins is required. This can be ~ $ 15 billion ADA, so the ADA cost to attack = $ 1 ~ $ 15 billion. For your imagination, that’s ~ 1000x more money than the currently possible 51% attack on #Bitcoin.
Cardano #PoS will be very secure. pic.twitter.com/lBb0C2GIKd
– Cardanians.io (🏊 Participation in us 👉 CRDN3 or CRDN2) (@Cardanians_io) April 5, 2020
Smart contracts on the Cardano platform enable ADA-supported stablecoins to be sent
In another development, the Cardanians stated that the smart contracts on the Cardano platform will enable ADA-supported stablecoins to be sent.
In the tweet, the Guardians of Security and Decentralization of Cardano (ADA) stated that the use of stablecoins will fuel Cardano (ADA) price growth in the cryptocurrency market.
In conclusion, the Cardanians were of the opinion that the smart contracts will promote the benefits of Cardano.
“Decentralized value transfer with volatile tokens is not interesting for payment and business. Smart contracts on the Cardano platform enable the sending of stable coins, which are supported by ADA. The use of stable coins will drive the price of ADA up. The smart contracts will bring benefits, ”said Cardanians.