For years, Cardano has been touted by many as the blockchain network that will thrash Ethereum, and this might now be evident in the fact that some developers are ditching Ethereum for the Cardano blockchain. This is after Cardano introduced smart contract functionalities as well as staking. Cardano is primarily a proof-of-stake blockchain ecosystem.
Ethereum Is Killing Itself
Interestingly, Charles Hoskinson doesn’t think Cardano is really killing Ethereum. In his opinion, Ethereum is already killing itself through its change of policy to switch from proof-of-work to proof-of-stake network.
Hoskinson claims Cardano has been widely known as the star of the proof-of-stake blockchains, and attempts by ETH 2.0 to join that wagon means that Ethereum will still be lagging behind Cardano as its team struggles to catch up.
Charles also thinks Ethereum’s governance system is faulty in that the remaining team would find it hard to evolve the system in the event that the current leaders retire.
On the other hand, Cardano has been working hard to support and improve on-chain governance, an endeavor that has culminated in the release of the latest upgrades to accommodate staking and smart contracts for De-Fi.
Why Cardano Is Better Than Ethereum
Cardano and Ethereum have totally different technologies, conceptions, and user bases. On that, Charles pointed out that while Cardano has been putting in efforts to bring millions of people in Africa into the blockchain community, Ethereum doesn’t seem to care about it.
Also, Ethereum doesn’t support interoperability superbly, something that Cardano shows to allot and back seamlessly. That makes blockchains like Cardano, Cosmos, and Polkadot better than Ethereum in that aspect.