Cardano founder predicts that Ethereum will overtake Bitcoin

Cardano’s founder predicts that Ethereum will overtake Bitcoin as a quick victory over the dominant and leading cryptocurrency, so today we read more on our latest Bitcoin news.

Charles Hoskinson spoke about cryptocurrencies and why he thinks Ethereum is poised to outperform BTC in the near future. He first spoke about the speed of BTC transactions, pointing out the slow nature of the network and how slow it is compared to other proof-of-stake networks. Focusing on ETH in particular, he said the coin was superior to BTC in many ways, as ETH has grown in popularity over the years as digital currencies have grown in popularity. It is currently the second largest coin after BTC that many investors put money into. Assuming the coin will be larger than Bitcoin, Cardano’s founder predicts that this could happen in the near future.

One of the reasons Hoskinson says ETH is better than BTC is because of the development culture that goes with it. A good development is one of the main advantages that he mentions among others. The bugs found in Ethereum are resilient compared to Bitcoin as there are no problems trapped in the network, which is what makes the development in the blockchain so resilient. Ethereum 2.0 is a clear example of this as development has been going on for some time. It is designed to replace the current network, thereby relieving the bottlenecks that come with network usage and also making it cheaper to send coins during high traffic times.

The upgrade adds security and scalability, and makes the entire network more secure. This is also being developed by teams from across the ETH ecosystem. Hoskinson even called BTC its own worst enemy. He said that Bitcoin is struggling with network effects, but pointed out that there is no way to change the system, which means that Bitcoin cannot improve. This makes it impossible to correct any obvious BTC-related errors.

The high network fees associated with sending BTC is a controversial issue in the crypto space that is inherently resolved by lightning technology. But even with the new technology, high network charges are still the rule. That’s not to say that ETH doesn’t have the problem of high network charges in times of high traffic, but it is still a better alternative compared to BTC. Cardano surpasses both aspects, which is why the coin only uses one or two coins to send on the network.

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