Charles Hoskinson: Cardano will replace Ethereum 2.0

The Altcoin Cardano (ADA) is one of the big winners of the hour. Its co-founder Charles Hoskinson sees significant advantages of its blockchain over Ethereum 2.0.

Not only Bitcoin and Dogecoin, the price of the Altcoin Cardano (ADA) is also picking up speed

In the past four weeks, the ADA rate climbed 100 percent. In the course of the past week alone, it went up by 70 percent. He even provides the Bitcoin price performance this time in the shade . The break above the $ 0.50 mark earlier this week marks its highest level in more than three years.

Now Cardano CEO Charles Hoskinson, also co-founder of Crypto Profit scam, has spoken about Cardano’s potential. In an interview with Ben Armstrong , aka Bitboy Crypto, he announced that Cardano will even outshine Ethereum 2.0. The reasons he gave for this was that Cardano has a simpler and more robust design than Ethereum. In addition, he doubts that the added complexity of Ethereum 2.0 will result in higher throughput, better scalability and more security for the Ethereum network.

Now, of course, the introduction of the Goguen mainnet is of decisive importance for the further development of Cardano. Goguen is considered a significant leap forward in the capabilities of the Cardano network. With it comes the ability to build smart contracts, decentralized applications, and a whole host of other functions.

Hoskinson criticizes Ethereum’s security risk

The test network “Goguen Mary” has already passed a successful run. This means that the Cardano ecosystem will soon also have native token support. These custom tokens can be transferred directly on the blockchain. In this way Cardano will become a multi-asset ledger . According to Hoskinson, it is this difference in design that makes Ethereum lag behind Cardano.

Hoskinson, however, considers the second-layer and sharding solutions that Ethereum is aiming to be a risky approach.

You’re actually going from a half to a third Byzantine fault tolerance and there are availability issues and there will likely be all sorts of new attacks that will occur.

High reliability and transparency down to the last detail thanks to the longstanding expertise of the Boerse Stuttgart Group . Trading crypto with a partner you can trust. Get started with the Boerse Stuttgart Digital Exchange in 3 steps.

With these statements, Hoskinson is once again bringing the security discussion about Ethereum into the spotlight. As the deadline for the introduction of Goguen approaches, the coming weeks and months will be decisive in whether Cardano can gain ground over Ethereum as the leading smart contract platform. The Cardano roadmap sets the start of the Goguen mainnet around March 2021.

Related Articles

Crypto-Firmen soll jährliche Berichterstattung abgeben

Britische Regulierungsbehörde plant, Crypto-Firmen die jährliche Berichterstattung über Straftaten aufzuerlegen Die britische Financial Conduct Authority (FCA) hat rasch gehandelt, um ihre Aufsicht über die Aktivitäten im Krypto- und Finanzraum bei The News Spy des Vereinigten Königreichs zu verbessern. In einem neuen Schritt hat die Aufsichtsbehörde einen Vorschlag zur Einführung umfassenderer Anti-Geldwäsche-Bestimmungen (AML) für Krypto-Währungsunternehmen veröffentlicht. […]
Read more

PayPal svilupperà un robusto portafoglio digitale nel 2021, i testimoni aumentano la domanda di crittografia

Dopo la sua recente adozione della criptovaluta, PayPal ha recentemente fornito dettagli sui suoi piani di criptovaluta e portafoglio digitale per il 2021, affermando anche che le valute digitali della banca centrale (CBDC) potrebbero richiedere tempo, ma sono qui per restare. PayPal vede aumentare la domanda di criptovaluta Secondo Fortuna martedì (3 novembre 2020) il […]
Read more

Envoltura del mercado: Bitcoin se recupera a 11,5 mil dólares; los problemas de gas de Ethereum empeoran

Bitcoin está compensando las ganancias perdidas después de haber alcanzado un mínimo de una semana. En el Ethereum, la situación de las tasas sigue siendo problemática para los comerciantes. Bitcoin (BTC) está cotizando alrededor de 11.595 dólares a partir de las 20:00 UTC (4 p.m. ET). Ganando un 2,1% en las 24 horas anteriores. El […]
Read more
Search for: