The founder of Cardano looks back on the strengths of his network compared to Ethereum. Safety is the key word in this promising project.
Charles Hoskinson is a name that crypto enthusiasts and fintech enthusiasts in general are sure to be familiar with. He is the founder of Cardano Network (ADA), a very interesting project that is often described by the cryptosphere as slow, which leads to some disinterest in the market. However, in the shadows, things become stronger.
Cardano founder reflects on the strengths of his network compared to Ethereum
Charles Hoskinson was involved in the creation of Ethereum (ETH) in 2015 before embarking on his own Cardano project launched in 2017, a network based on proof of stake (PoS) and reward rates since July 2020. a good lead over Ethereum, but the late launch of its smart contracts, which arrived with the Alonzo update in September 2021, has shifted the balance somewhat.
However, Charles Hoskinson remains confident. According to our person, such slowness in the development of smart contracts on Cardano is due to the desire for absolute security: “That is why Plutus was written for Cardano. The right [smart contract programming] languages and the right tools work together with the developer and auditor so they can write great and secure code. Bad tongues attack and give them guns to shoot themselves.”
Safety is the key word in this promising project.
Another argument in favor of Cardano is the steady growth in its use. Indeed, according to CryptoGlobe, the ADA network has crossed the 20 million transaction mark without any major technical incident since its launch. Meanwhile, the number of active addresses on Cardano rose “from 150,000 per day to over 480,000” before stabilizing at 200,000 per day, according to CryptoGlobe. Proof of Stake consensus staking is also going very well, with another 100,000 addresses in a month.
The Cardano network is in increasing demand. Recently, the development of proxy keys has been proposed to improve the privacy and security of cryptocurrencies on the ADA blockchain. This should allow us to go even further. Where to do better than Ethereum? Future will tell.