Cardano founder Charles Hoskinson believes that the Ethreum network lacks the advantages that Cardano’s blockchain project entails.
Charles Hoskinson, founder of blockchain platform Cardano, explained three reasons why Ethereum’s project is lagging behind. Additionally, he touched on the energy consumption issue of BTC.
Why is Cardano Superior to Ethereum?
In a recent Yahoo Finance interview, Charles Hoskinson, the founder of Cardano, criticized Ethereum, summarizing the overestimation of Ethereum’s network and its lack of vital qualities.
First, Ethereum can only handle smart contracts, while rival Cardano can do so with governance and compliance. Hoskinson added that his project could work with metadata as well as automatic editing. Moreover, he stated that Cardano was created to give identity to the blockchain system.
Second, Cardano was built as a collection of protocols that could offer economic support to billions of people, especially in poor areas. Ethiopia, Tanzania and Georgia are examples where the network collaborates with local governments to benefit their citizens. In response, he mentioned that Ethereum never did anything similar:
“We started deploying ADA’s system to five million students in Ethiopia.” said.
Third, Hoskinson stated that Ethereum has a very confusing nature and the upcoming ETH 2.0 release will lead to the destruction of the entire network:
Hoskinson: Ethereum is killing itself. They are replacing Ethereum with Ethereum 2.0. Eventually ETH 2.0 will kill ETH 1.0. ”
After criticizing Ethereum’s capabilities, Hoskinson also commented on the controversy surrounding Bitcoin’s environmental issues. Necessary energy use, “19. and “cutting down forests in Europe in the 21st century”. He added that most BTC supporters downplay this fact and their main goal is to maintain the asset’s reputation as the world’s digital gold.
Spread of Cardano in Africa
Cardano partnered with the Ministry of Education in Ethiopia to work on a blockchain-based national identity system in late April. As a result, the network will benefit 3,500 schools, 5 million students and 750,000 teachers.
Cardano announced a second major partnership in Africa, CryptoPotato reported a few days later. ADA’s blockchain will work with IOHK and World Mobile to create digital identities, mobile internet connectivity and financial acceptance to communities in Tanzania.
The joint venture will launch the project from the island of Zanzibar, aiming to provide quality Internet connectivity while using sustainable, solar-powered resources:
“World Mobile has built a network based on a new relationship between people and connectivity, where ownership, governance and identity seek to empower the user and make access available to all in a sustainable way. I am very happy to establish this symbolic partnership with Input-Output. Our efforts together will break new ground. “