Cardano and Ethereum may Become the Biggest Competitors for Smart Contracts - Cardano News, ADA Price. Sunday, August 26
Important Cardano Cryptocurrency News
Cardano and Ethereum may Become the Biggest Competitors for Smart Contracts
Ethereum is synonymous with smart contracts in the crypto space. However with the entrance of players like Cardano, Ethereum may be gearing up for the first real challenge to their dominance of smart contracts, which are self-executing contracts that run as programmed.
Although Cardano is a relatively new coin, the cryptocurrency has made a name for itself and has even risen to become one of the top 10 according to capitalization. The coin whose founder is a co-founder of Ethereum aims to bring scientific research and rigorous peer review to the cryptosphere and have been relatively successful doing so.
The project recently announced the release of Marlowe which among other things will render escrow services that will disrupt current escrow platforms and financial services as we know it. The company behind the Cardano research and development, IOHK recently announced that Marlowe will be made interactive with other languages. This will enhance and increase its use cases as well as boost the adoption of Cardano as a decentralized application platform with attendant gains for ADA, the Cardano token.
Charles Hoskinson of Cardano May Be in Love with Controversy
It is common knowledge that with the proliferation of digital currencies, the competition has become so stiff that only the best get to be seen and heard. Perhaps there are other strategies employed by teams in making the crypto community take note of their project. That strategy is by courting controversy as we have seen recently with the Ripple team.
Recently, the Cardano founder Charles Hoskinson has been involved in a few controversies which may have been instrumental in making the coin visible aside its utility. His running rebuttals with Buterin is one, another is his claim of “secret projects” under development for the platform and the flourish with which these projects are announced.
There is no doubt that Cardano is a useful project, but the ease with which the platform’s token (ADA) became attractive may not be just the technological appeal but smart marketing through controversies, sometimes.
ADA/USD Price Chart, Sunday August 26th:
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