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COINTURK NEWS > Cardano (ADA) > Elon Musk Initiates Blockchain Discussions for Monitoring Public Spending
Cardano (ADA)

Elon Musk Initiates Blockchain Discussions for Monitoring Public Spending

In Brief

  • Elon Musk's D.O.G.E. department focuses on blockchain for public spending monitoring.

  • Cardano is considered due to its advanced decentralized technology and reliability.

  • Community discussions emphasize Cardano's potential for transparency in public administration.

Ömer Ergin
Ömer Ergin 3 months ago
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Under the leadership of Elon Musk, the D.O.G.E. department has brought blockchain technology into the spotlight for monitoring public spending in the United States. Within this framework, the potential preference for Cardano $0.799843 has sparked various opinions among community members. Essentially, we can say that the Cardano community is actively working to generate such speculation.

Contents
Technological Compatibility and EfficiencyCardano Seeks a Slice of the Pie

Technological Compatibility and Efficiency

Following his appointment, Elon Musk made statements regarding the integration of blockchain. There are views suggesting that the new structure could provide efficiency in tracking public expenditures. Community members claim that Cardano possesses more advanced decentralized technologies.

Darren Kelly: “I advocate that expenditures should be transparent on the public ledger.”

Cardano’s long-standing operational experience, innovative approaches, and compliance with regulations are highlighted as significant factors. These attributes are seen as crucial for aligning with the department’s goals.

Cardano Seeks a Slice of the Pie

Other blockchain projects have also been part of the discussion. Ethereum $2,412 is evaluated for its extensive user base related to smart contract infrastructure. Meanwhile, Solana $171 continues to be supported by different communities despite past ups and downs.

Cardano’s technological advantages are bolstered by developments such as the innovative Plomin hard fork. The project is thought to play a role in achieving transparency and democratization goals in public management.

Charles Hoskinson: “I offered support to D.O.G.E.”

The price of Cardano’s cryptocurrency, ADA, has been increasing as developments continue to be closely monitored. According to analyses, if the project is officially adopted, there could be positive changes in ADA’s value. However, Elon Musk could also opt for a completely independent blockchain.

There are various opinions regarding the selection of technology to be used in the project. Cardano’s long-standing reliable operational history, community-supported innovations, and regulatory compliance are among the standout features compared to other alternatives. Careful evaluation of the selected technology is thought to be beneficial for the transparent tracking of public expenditures.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 11 February, 2025 - 5:35 am 11 February, 2025 - 5:35 am
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