Cardano is superior to competing projects such as Ethereum, and according to the co-founder Charles Hoskinson, it will beat the “Ethereum Beast.” Let’s read more about it in the following Cardano ADA news.
In an interview, Hoskinson emphasized that Cardano is superior because its team consists of experts in finance and science but also experts from the technology sector who are only driving the adaptation process further. Cardano’s co-founder described that the entire ADA community will soon understand why Cardano is better than Ethereum 2.0 in many ways, mainly because the adaptation is progressing and the team is working tirelessly to get Shelley off of the ground:
Charles Hoskinson explained further that ADA provides a unique platform that offers developers a space to work and create distributed applications that will provide tremendous value to the society. He referred to the Voucher Program in Ethiopia where the local farmers access financial systems and earn 20% more than they did in the past. He also said that Cardano has a complex ecosystem and that Ethereum is superior in many areas but not in scalability and connectivity which will take over the platform in the upcoming years:
“I don’t have to go and tell everybody that we are gonna overcome the great Ethereum Beast I just let let them do their thing let them proe that they actually are as big as they say. We think we have a great strategy get the on chain off chain balance treated as a service oriented architecture.”
Charles Hoskinson also outlined that it is important to have further adaptation but not to force companies to use the ecosystem. Instead, you should create interfaces so that other ecosystems can be connected to Cardano. He wants to convince bigger companies to use the ADA blockchain and then attract other big companies into the system. Having interoperability with other blockchains will also be very important for further progress of the blockchain. Cardano already drafted a research paper that examines this problem and presented a possible solution with the Proof of work approach.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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