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The amazing performance of Cardano’s native token, ADA, has been extensively chronicled during the last month. In terms of social engagement, LunarCrush ranks it as the #1 coin out of a total of 2237 coins. Despite a minor retracement in the last 24 hours, it was trading close under the $1.70 price level at the time of writing.
Another thing that comes to mind when we talk about Cardano is its history with Ethereum, the second largest cryptocurrency. Charles Hoskinson and Vitalik Buterin have previously clashed about whether cryptocurrency is technically superior. Hoskinson has been outspoken in his condemnation of the most popular altcoin. There have been substantial variances in the ideologies of these notable crypto proponents since the launch of ETH. Perhaps this is why he abandoned Ethereum in the early days to work on “the ETH killer,” namely Cardano.
Another twist in the ETH vs ADA debate
Hoskinson had this to say in a recent live session.
“ETH is one of the greatest innovation, space has ever seen, this is far more greater than Bitcoin. It gave everyone a platform to build on something crazy.”
He further added:
“ETH 2.0 is taking time to mature and grow but I’m confident about it. It will soon reach the marketplace and do only good for the crypto community as a whole.”
He further acknowledged the differences in the past between Vitalik and himself, but agreed on one thing, “I don’t disagree with him on one agenda that is our mutual aim of this decentralized world.”
Cardano’s Hoskinson has been quite vocal about why and how Cardano is superior. Be it in his frequent youtube sessions or live interviews/conferences. Hoskinson had stated:
“I laugh when people say, ‘How will you catch up with Ethereum’s network effect?’
He further added: “… there was a lot of skepticism with regards to Ethereum and how Cardano was beating it in its own game. Maybe the reason behind ADA being dubbed as an ‘ETH killer’?”
In his recent interview, Hoskinson had stated:
“First of all Ethereum is killing itself. They are replacing Ethereum with Ethereum 2.0. In the end ETH 2.0 will kill ETH 1.0.”