What is beef?  A review of the historic battle of Ethereum against Cardan

What is beef? A review of the historic battle of Ethereum against Cardan

In every sport or form of competition, we see established rivals come to life. In basketball, it’s the Lakers and the Celtics, in boxing we’ve seen like Furry against Wilder, and in hip-hop we often hear about Nas against Jay-Z. Today in the world of cryptocurrencies we had a melting pot, filled with all kinds of herbs to prepare beef.

One that was widely known, but which was slowly beginning to fade, was Ethereum and Cardano. Let’s look at the history of these blockchain giants.

What’s Beef: A History of Ethereum and the Cardano Connection

These two big dogs have a lot in common, but also a lot of differences – but the overall goal is to be at the top of the blockchain in the end.

Ethereum was created with the intention of becoming a global open source platform for custom assets and new types of economic applications. Considered one of the most ambitious blockchain projects to date, Ethereum seeks to leverage blockchain technology to decentralize products and services in a wide range of non-cash use cases. To date, Ethereum has seen several different phases that have highlighted different aspects of its capabilities. In 2021, Ethereum established itself as the number 2 firm in cryptocurrencies behind Bitcoin.

The primary case of using Cardan is to enable transactions in its parent cryptocurrency, ADA, and to allow developers to build secure decentralized applications that it runs. However, Cardano differs from other blockchain projects in that it emphasizes a research approach to design, with the goal of achieving academic rigor that he believes will encourage the adoption of his technology.

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Invisible strings and the forgotten past…

Cardano founder Charles Hoskinson began his blockchain journey in 2013. He founded an online school called the Bitcoin Education Project, where he came across Vitalik Buterin from Ethereum. Not long after, he became one of the eight original co-founders of Ethereum. After some controversy over whether Ethereum should become profitable, Charles left Ethereum in 2014.

What makes this a real beef is not the fact that Charles left Ethereum, but how the ADA’s marketing was directly focused on Ethereum. Named “Ethereum-killer”, the ADA has earned a name for some time as a coin to look out for. Many investors have been waiting for Cardano to take over, but Ethereum has just been thrilled and on the rise – despite obstacles such as high gas charges.

Ethereum was blessed with an early start, and that helped them consolidate their position in the blockchain today. The problem with the ADA is the large amount of frozen contracts and stagings; they face a wall of attempts to overcome the coat of arms so that they can finally do what many have been waiting for.

The ADA has many game-changing ideas and contracts that can be improved and help move cryptocurrency further. Both the ADA and ETH continue to have an advantage, but other emerging tokens have also called into question the ADA’s position recently.

Despite all of this, these two coins have been hot topics and coins to watch throughout the year, and both have reached all-time highs. Next year and the years to come will be exciting because we will find out who will leave and who will stay. What is beef !?

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