While Cardano is often referred to as an ‘Ethereum Killer’, Hoskinson told Yahoo Finance, replacing Ethereum’s existing proof of work blockchain with Ethereum 2.0, a new proof of stake renewal. “He killed himself” says.
Hoskinson said that Cardano is the market leader in proof of stake and “Leading the struggle” claims:
Management, Interoperability and User Bases
The creator of Cardano says ETH 2.0 has “bowed” to governance and that this will make it harder for the ecosystem to thrive after its founders retire or lose their credibility. Hoskinson cited Bitcoin, which he compared to a “wood-powered steam engine,” as an example of a very slow developing system:
Meanwhile, as Hoskinson points out, enabling on-chain management is a vital part of his project’s roadmap.
He also says that Ethereum is less interoperable than protocols like Cardano, Polkadot, Cosmos, which create special provisions for side chains.
Finally, he claims that ETH 2.0 and Cardano have different user bases on different technologies and philosophies:
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.