Ethereum is an example of a step forward in technology. As the first new public ledger smart contracts platform, the ability to ‘transact’ on top of a public ledger took off, attracting billions of dollars of value to the network. As everyone saw though, as the usage of the network went exponential, so did the fees, at over $300 to make one transaction pricing out the majority of crypto users. This is a perfect example of how scalability directly affects the users you want on the platform.
While Cardano continues to work on their smart contracts, over 5000 smart contracts have been launched on the network, likely in anticipation of future scaling improvements. Until these improvements are implemented, though, the network is as good as useless for smart contracts and can only exist in its original form for transferring the ADA coin as a transfer of value.Avorak is working on something very different from many other crypto projects.