Cardano (ADA) Takes Aim at Ethereum (ETH) to Become Top Altcoin Cryptocurrency
Ethereum has been around for almost all of the crypto ecosystem, as they have been a pioneer for many projects and developments. Their blockchain is so strong and safe that other company base their infrastructure off of the Ethereum ways. Popularity of Ethereum skyrocketed from almost the moment it was launched by investors and consumers alike. However, Cardano seems to be coming for some power of their own, attempting to take a place as a competing smart contract leader in the industry.
Cardano was actually based in Ethereum as it began, and the network is still fairly new and was started by Charles Hoskinson, a co-founder of Ethereum. Presently, investors believe that this is one of the most promising ventures lately and may even become successful enough to become a worthy adversary. They have shown how they can be adapted for use cases like that of Marlowe, which is a domain-specific language (DSL), and it is a major part of financial contracts in relation to blockchain technology.
It seems that there is a real chance of Marlowe being integrated into the financial industry, and eventually becoming an impressive application that could push Ethereum out of dominance. With enough dedication to the project, it may even make Escrow transactions and services obsolete and forgotten.
If Marlowe helps to make Cardano a more effective and helpful platform than Ethereum, then it would mirror the sentiment that Hoskinson said a while back about how the coins should be led. In a move that could be linked to his former ties, he believes that Cardano could take the lead over Ethereum within a year. He said, “Why is anybody worthy of their positions in the market cap?
Bitcoin is advertised as a payment system and a means of exchange, and then everybody who is ever tried to use it for that, it’s been a miserable failure. They usually stop taking it, or they find ways to take cash, and through a creative structure like what Bitpay has done. Ethereum claims to be a world computer, but then CryptoKitties breaks it.”
The Cardano team has something up their sleep that will help them achieve the goals set out in their original mission. The team announced,
“A reference implementation for a lightweight wallet developed by the IOHK…. Icarus is a fully open source code base that will be the first step in a range of open source initiatives to provide developers with a suite of tools for Cardano.”
For anyone that enjoys the excitement of the changing crypto market, this passive feud and clear competition is only just getting started.