Followers of the crypto industry are certainly well aware that the Ethreum (ETH) and Cardano (ADA) networks are seen to be fiercely competing.
In the latest revelation via Periscope live broadcast, Cardano CEO Charles Hoskinson told the network he developed was far better and more advanced than Ethereum despite being showered with criticism related to DApps in Cardano.
What infuriated Hoskinson was that there was also Cardano’s notion of a ‘ghost chain’ - a network that developed but had no projects.
Responding to the criticism, Hoskinson assured that there are several applications such as shoe verification at New Balance and livestock verification with BeefChain using Cardano’s metadata feature.
While many claim Ethereum has managed to gain a level of daily use, Hoskinson chose to deny that statement.
Hoskinson revealed the Vitalik Buterin network had exploited consumers with $ 100 worth of transaction costs, yield farming, useless DeFi, and NFT sales deemed pointless and useless at a price tag of millions.
In fact, Hoskinson had no hesitation in predicting the future of Ethereum would end just like MySpace and Friendster. The IOHK CEO is also confident that if the services provided by Buterin are no longer relevant due to high costs and low liquidity, Ethereum will move to Cardano.
Previously, Hoskinson made allegations that Cardano was the ‘killer’ of Ethereum and expected bullish for the ADA coin.
At the time of writing, ETH is trading at $ 1,666, down nearly 7% and ADA is worth $ 1.09, down nearly 9% in 24 hours.
