Redditors are Buying These 5 Cryptocurrencies After The Merge

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1. Cardano (ADA)

Market Cap as of August 31: $15.2 Billion

Cardano is a proof-of-stake cryptocurrency founded by Charles Hoskinson, one of the founding members and lead developers of Ethereum. Cardano makes use of epochs to validate transactions. Cardano can currently handle over 500 simple transactions per second and up to 10 smart contract transactions per second. The network’s native cryptocurrency is ADA. As of August 31, Cardano has a market cap of $15.2 billion and has roughly 33.7 billion ADA tokens in circulation.

Redditors are bullish on Cardano and plan on buying the cryptocurrency after the Merge. Charles Hoskinson has announced the Vasil hard fork will be taking place at roughly the same time as the Merge, and the Cardano mainnet will see four new improvements. The four new Cardano Improvement Proposals are namely the CIP-31: Reference Inputs, CIP-32: Inline Datums, CIP-33: Reference Scripts, and CIP-40: Collateral Outputs. The CIP-31 and CIP-33 are expected to reduce the transaction costs on the network.

You can also take a look at 10 Best Cryptocurrencies to Invest in According to Reddit and 10 Best Cryptocurrencies to Buy for Early Retirement.

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