Ethereum’un (ETH) shown among rivals Cardano, It has achieved a serious rise recently. Advancing up to a unit price of almost $ 1, ADA also reached the fourth largest cryptocurrency ranking by total market value. Charles Hoskinson, CEO of the IOHK team behind Cardano, thinks this is just the beginning.
Cardano’s Rise Continues
Hoskinson, Cardano’nun Stating that it is just beginning to achieve an increase of more than 400% since the beginning of the year, it announced new projects. In an interview published on YouTube, Hoskinson stated that he has “more than 100 commercial projects” and stated that they are under development. Stating that these projects may switch to the Cardano network in the near future, Hoskinson underlined that they will create a greater competition to ETH.
Cardano has come to the fore lately, especially with the Shelley and Mary updates. Smart contracts that will come to the network with the Mary hard fork can change many things during the troubled times of the Ethereum network. Although Hoskinson was one of the co-founders of Ethereum, he later left the team to create Cardano. According to Hoskinson, scalability is Ethereum’s biggest and only unsolvable problem.
As the density of the Ethereum network increases, transaction fees reach incredible levels. This allows alternatives such as Binance Smart Chain, Cardano and Polkadot to experience record increases. Ethereum’s ETH 2.0 update is being developed with the goal of resolving all these.