What’s Beef? Reviewing The Historic Battle Of Ethereum vs. Cardano
02 Gennaio 2022 - 3:57AM
NEWSBTC
In every sport or form of competition, we see established rivals
come to life. In basketball, it’s the Lakers and the Celtics, in
boxing we’ve seen the likes of Furry vs Wilder, and in hip-hop, we
often hear about Nas vs Jay-Z. Today in the world of crypto we have
had a melting pot, stuffed with all kinds of herbs brewing a beef.
One that was widely recognized, but that has slowly begun to fade
is Ethereum and Cardano. Let’s take a look into the history of
these blockchain giants. What’s Beef: The History Of Ethereum and
Cardano’s Connection These two big dogs have a lot in common, and
plenty of differences too – but the overall goal is to be on top of
the blockchain in the end. Ethereum was created with the intention
of becoming a global, open-source platform for custom assets and
new kinds of economic applications. Considered to be one of the
most ambitious blockchain projects to date, Ethereum seeks to
leverage blockchain technology to decentralize products and
services in a wide range of use cases beyond money. To date,
Ethereum has seen a few distinct phases that have emphasized
different aspects of its capabilities. In 2021, Ethereum solidified
itself as the firm #2 player in crypto behind Bitcoin. Cardano’s
primary use case is to allow transactions in it’s native
cryptocurrency, ADA, and to enable developers to build secure
decentralized applications powered by it. However, Cardano differs
from other blockchain projects by emphasizing a research-driven
approach to design, aiming to achieve an academic rigor it believes
will propel adoption of its technology. Related Reading |The Year
Of Alt Season: Altcoins Dominate Market In 2021 Ethereum is
one of the top coins in blockchain. | ETH-USD on TradingView.com
Invisible Strings & A Forgotten Past… The founder of Cardano,
Charles Hoskinson, started his blockchain journey in 2013. He
founded an online school, called the Bitcoin Education Project,
where he stumbled upon Ethereum’s own Vitalik Buterin. Not much
longer, he became one of the eight original co-founders of
Ethereum. After some dispute over whether Ethereum should become
for-profit, Charles left Ethereum in 2014. What makes this a real
beef is not the fact that Charles left Ethereum, but how the
marketing of ADA was directly targeting Ethereum. Dubbed the
“Ethereum-killer,” ADA made a name for itself for quite some time
as the coin to look out for. Many investors have been waiting for
Cardano to take the thrown, but Ethereum has just stayed elating
and on the rise – despite obstacles such as high gas fees. Ethereum
was blessed with the early start, and that has helped cement them
in the position the blockchain is in today. The problem with ADA is
the large amount of frozen contracts and staging drops; they face a
wall of trying to get over the hump so they can finally do what
many have waited for. ADA has many game changing ideas, and
contracts that can improve and help push the crypto further. Both
ADA and ETH continue to have beef, but other emerging tokens have
challenged ADA’s position lately as well. Despite all of this,
these two coins have been hot topics and coins to watch throughout
the year, with both reaching all-time highs. Next year, and the
years to come will be exciting as we find out who will go and who
will stay. What’s beef!? Related Reading |The Year Of Alt Season:
Altcoins Dominate Market In 2021
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