BitBoy Crypto’s Ben has said he believes Cardano will surpass Ethereum as the leading smart contract platform. Ben stated he had always maintained Ethereum was the “leader in the clubhouse,” however, he had also said it would “take Ethereum messing up for Cardano”, its only competitor, to catch up. He argued that sharding, which is meant to solve transaction speed and gas fee issues on Ethereum, was scheduled for a tentative 2023 release, whereas Cardano has been developed in a more organic way with a slow roadmap. He forecast that Ethereum and Cardano would compete for the best store of value over the next 6-10 years.
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Cardano vs. Ethereum: Why I Believe Cardano Will Pass Ethereum
Crypto enthusiasts have been debating the rivalry between Cardano and Ethereum for quite some time. Recently, Ben, the host of BitBoy Crypto, attended Rare Bloom, a Cardano event in Colorado. In this video, Ben shares his opinions on why he believes Cardano is going to surpass Ethereum.
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Ethereum, the Leader in the Clubhouse
For the past few years, Ethereum has been at the forefront of the crypto industry. Ethereum’s smart contract platform, layer 1 platform, and overall technology have set the standard in the industry. However, at Rare Bloom, Ben concluded that Cardano has caught up with Ethereum, and its future prospects are favorable.
The Slow Rollout of ETH 2.0
One of the reasons why Ben believes that Cardano will surpass Ethereum is the slow rollout of ETH 2.0. The Serenity update that eventually became ETH 2.0 has been in the works since 2015. Ethereum was expected to complete this update in 2020, but they finished only the first of the five steps. Ethereum’s delay in meeting its deadlines has set back the development of its technology.
The Best NFT Community in Cardano
Cardano has the best NFT community across all chains. Cardano’s growth has been organic and stands for decentralization. Unlike Solana, Cardano’s growth wasn’t fueled by a bunch of founders and VC firms. Cardano’s vibrant community and ecosystem have consistently kept the chain inside the top 10 with rare exceptions.
Ben believes that the rivalry between Ethereum and Cardano will heat up in the next six to ten years. He has full faith that Cardano’s future prospects are bright and that Ethereum’s slow rollout gives Cardano a chance to catch up. As always, the BitSquad community is on top of all the latest developments in the world of crypto.