Cardano will become the main competitor to Ethereum

by in Blockchain News

Hoskinson

Cardano is planning to become the most attractive network for launching DApps soon. The intention to make the network the main competitor of Ethereum was told by its founder and CEO of IOHK Charles Hoskinson.

On Twitter, he wrote that next year, the reputation of his project among DApps developers would peak. According to Hoskinson, Cardano is going to be the foundation for the deployment of exceptional services and other innovative products.

With such a post on the social network, the founder of Cardano made it clear that his team intends to undermine the dominant position of Ethereum in the blockchain applications market.

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The Shelley update, scheduled for July 29, 2020, will play a significant role in the development of the Cardano ecosystem. It will significantly increase network bandwidth.

However, many experts doubt that Hoskinson's team will be able to make Cardano the best network for DApps developers so quickly.

Alex Saunders of Nugget'S News said that the Cardano programming language is not popular among the creators of blockchain services. The web could indeed become the base for launching thousands of applications, as Hoskinson promises, but this will not happen in a year, but much later.

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Another expert, Larry Cermak, accused Hoskinson of having decided to attract new investors to the project with his statement and thus pump up the price of ADA. The same representative of the crypto community examined the quality and effectiveness of DApps that is going to be launched based on Cardano.