Cardano (ADA) vs. Ethereum: What’s the Situation Between These Two?
Recently, the team behind Cardano has talked to Google about a project that might lead to some speculation regarding the currency that was supposed to be used for a possible partnership with the team behind the search engine. Charles Hoskinson responded to a few burning questions, including the one about Cardano’s overcoming of Ethereum.
So.. how is it going to do it?
We found out that Cardano’s founder had an interesting past with Etherum, which came in the second position of the market capitalization. We know that Charles Hoskinson is one of the co-founders of Ethereum, making the team with Vitalik Buterin – all of this before the fight that led to Hoskinson’s leaving from the project. After this happened, the world seemed a bit ruined, but this was just a wrong impression. Hoskinson moved on to his next project, and founded IOHK (which is short for Inside Outside Hong Kong), which is the parent company of ADA and, obviously, the Cardano Project.
Hoskinson is no new person to the cryptocurrency industry, as he created a digital school for Bitcoin in 2013 – this is where he met Vitalik Buterin. Soon he realized that the decision to co-found two of the best ten cryptocurrencies was a very good idea, an idea worth 500-600 million USD.
What has Bitcoin to say about this?
According to statistics, it’s safe to say that Cardano will have to compete with Ethereum, if we’re also to look at the current setting.
Here’s the part where the supporters of Bitcoin come in the image, saying that the advantage of BTC represents a good justification for the offering coming from the cryptocurrency, offerings that may show a long-term potential over the competition. We all know how important Bitcoin is – it’s been on this market basically since it was born. The population has heard of Bitcoin and it’s understandable since it draws investors and developers from everywhere.
Vitaly Dmitriyevich "Vitalik" Buterin is the co-founder of Ethereum, the world's most popular smart contract platform that enables developers to build decentralized applications (at the time of wirting this, ETH has a market cap pf $2B). Prior to his development of Ethereum, Buterin was the co-founder of Bitcoin Magazine.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.