Cardano founder (ADA) certain: Ethereum will overtake Bitcoin

June 24, 2021


Cardano founder (ADA) Charles Hoskinson has predicted a quick victory of Ethereum over Bitcoin.

In a new interview, Charles Hoskinson talks about cryptocurrencies - and why he believes Ethereum will overtake Bitcoin in the near future. He starts by talking about the speed of Bitcoin transactions, also pointing out the inertia of the network and how slow it is compared to other proof-of-stake networks.

Ethereum, Hoskinson says, has surpassed Bitcoin in many respects.

Is Ethereum superior to Bitcoin?

Ethereum has gained popularity over the years. It is the second most popular coin behind Bitcoin. Many investors are betting on Ethereum. Believing that the coin will have greater success than BTC. And Hoskinson seems to be one of them.

One of the reasons why ETH is better than Bitcoin, according to Hoskinson: the flexible development of the culture associated with it. Good development is one of the advantages Hoskinson cites, among others.

Any bugs found in the Ethereum network are fixable. There are no problems locked into the network. This is what makes development in the blockchain so flexible.

An example of this is Ethereum 2.0, a development that has been in the pipeline for a while. ETH 2.0 is meant to replace the current network. And in doing so, solve the bottlenecks that come with using the network. This will make it cheaper to send coins - even in times of high traffic. The upgrade is also expected to improve scalability and security.

It is being developed by teams from across the "ethosystem".

Bitcoin is its own worst enemy

Bitcoin is its own worst enemy

Moreover, Bitcoin is its own worst enemy, Hoskinson believes.


The CEO points out that Bitcoin is riddled with network effects. But he also comments that there is no way to change the system. This means: improvements to the network are not possible. This makes fixing the obvious bugs associated with Bitcoin almost impossible.


The CEO points out that Bitcoin is riddled with network effects. But he also comments that there is no way to change the system. This means: improvements to the network are not possible. This makes fixing the obvious bugs associated with Bitcoin almost impossible.

The network fees associated with sending Bitcoin have always been a debated topic in the crypto space. This should be solved with the Lightning network. But even with this new technology, high network fees could remain the norm.

Cardano Wallet, at least, does not have these problems. It only costs about a penny or two to send the coin on the network.

According to the Cardano founder, he would put his money on Ethereum if he had to bet. In conclusion, Hoskinson made it clear that the development of cryptocurrencies is still in its infancy. Several blockchains are still fighting for a large share of the blockchain market.

Ethereum and Bitcoin are leading the race in this battle. Whether Cardano can become a serious competitor for other blockchains in the space?

About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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