Cardano can succeed in a competitive environment

[Goldlife]

The crypto space is still in the building and experimental phase. No smart contract platform is ready for mass adoption and for real business. The next few years will be critical and we think that Cardano can succeed in the competitive environment.

The diffusion of innovations theory
The diffusion of innovations theory is a hypothesis that tries to outline how new technology spread throughout societies and cultures, from introduction to wider-adoption. The goal of the theory is to explain how and why new ideas and practices are adopted. The theory introduced adopter categories and it divides consumers into segments based on their willingness to try out a new innovation or product. Innovations are adopted by different parts of society in many ways and the tempo of spreading is often influenced by subjective opinions that are associated with the innovations. The theory explains the passage of an idea through a few stages of adoption by different actors. The main actors belong to the following groups:
Innovators: 2.5% of the population belongs to the category of innovators. This group of people is prepared to take a high risk related to the adoption of new technologies. The group consists of younger and very social people that come from wealthier backgrounds. This group is very critical for further adoption. Only if this group is satisfied and adopts the product or service then the adoption of innovation can continue. Innovators are fine with the dropping of products or services, absorb the financial losses, and look for another interesting and breakthrough innovation.
Early adopters: 13.5% of the population belongs to the category of early adopters. People in this category are demographically similar to innovators, however, they think a bit more about products or services. They make a purchase decision a bit longer and take into account practicability and benefits. Early adopters do not want to risk as much as innovators. If this group stays loyal to a product or service then it is a good sign of further success.


More info: https://cardanians-io.medium.com/cardano-can-succeed-in-a-competitive-environment-ac29e5d460d1

[Sonjoy]

Thank you first for discussing this project in detail because I didn't know much about it. I got a detailed idea about this after reading your post and those like me who didn't know anything about it here but got a detailed idea about this after reading your post.  Thank you again for that

[Review Master]

The crypto space is still in the building and experimental phase.

Indeed, it's still in the experimental phase and growing slowly, but it's ok after all. Also, early adopters are needed more for any kind o project and it's going on within the cardano ecosystem as many projects are expanding their product development to make cardano ecosystem more popular and adoptable for all. It's great to see that many projects are already develped their NFT products/marketplace within cardano ecosystem and more to come, IMO.

[bmr]

According to crypto data intelligence platform Coinmetrics, ADA’s active addresses have grown 417.81% between January 1 and April 28, 2021, highlighting the surging interest in the asset. Consequently, the transaction count is up 382.84% for the same period. In recent months the Cardano blockchain has experienced massive interest alongside adoption, with ADA price gaining 660% this year and hitting a new all-time high of almost $1.5.The rally has correlated with the entire cryptocurrency market, but the development of the Cardano blockchain has acted as the main catalyst for an increase in price and active addresses. I just wanted to say that according ADA’s activities positioned one step ahead from its competitive areas.