In every sport or form of competition, we have seen the emergence of veteran opponents. In basketball games, it’s the Lakers and Celtics. In boxing matches, we have seen furry matches against Wilder. In hip-hop music, we often hear Nass playing against Jay-Z. Contest. Today in the world of cryptocurrency, we have a melting pot filled with various herbs for brewing beef.
Ethereum and Cardano are people who are widely recognized but are gradually fading. Let’s take a look at the history of these blockchain giants.
What is beef: the history of the connection between Ethereum and Cardano
These two big dogs have a lot in common, and there are many differences-but the overall goal is to ultimately stand on the blockchain.
Ethereum was created to become a global open source platform for custom assets and new economic applications. Ethereum is considered one of the most ambitious blockchain projects to date, and it seeks to use blockchain technology to decentralize products and services in a wide range of use cases beyond currencies. So far, Ethereum has gone through several different stages, emphasizing different aspects of its capabilities. In 2021, Ethereum consolidated its position as the second largest company in the crypto field behind Bitcoin.
Cardano’s main use case is to allow transactions in its native cryptocurrency ADA and enable developers to build secure decentralized applications backed by it. However, Cardano is different from other blockchain projects in that it emphasizes a research-driven design approach that aims to achieve the academic rigor that it believes will drive the adoption of its technology.
The invisible string and the forgotten past…
Charles Hoskinson, the founder of Cardano, started his blockchain journey in 2013. He founded an online school called the Bitcoin Education Project, where he stumbled upon Ethereum’s own Vitalik Buterin. Soon, he became one of the first eight co-founders of Ethereum. Charles left Ethereum in 2014 after disputes over whether Ethereum should be profitable.
What makes this real beef is not the fact that Charles left Ethereum, but how ADA’s marketing directly targets Ethereum. Known as the “Ethereum Killer”, ADA has been known as a token worth watching for a long time. Many investors have been waiting for Cardano to make a move, but Ethereum has been ecstatic and rising-despite obstacles such as high gas fees.
Ethereum started very early, which helped to consolidate their position in the blockchain today. The problem with ADA is a large number of frozen contracts and declines in installments; they are facing a wall of trying to overcome their difficulties, so they can finally do what many people have been waiting for.
ADA has many game-changing ideas and contracts that can improve and help further promote encryption. ADA and ETH continue to remain strong, but other emerging tokens have recently challenged the position of ADA.
Nevertheless, these two coins have always been hot topics and coins worthy of attention throughout the year, both hitting record highs. Next year, and the next few years will be exciting, because we will discover who will leave and who will stay. What is beef! ?