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Ethereum Classic

Will Cardano be better than Ethereum ERC20?


Yesterday, Charles Hoskinson, the mathematician behind Cardano, posted a video on his social media where he offered an update on Shelley and other developments to his followers. Specifically, his comment involving Ethereum ERC20 and Cardano is striking.

Updates on Cardano

Charles Hoskinson began his video with a thank you to Cardano’s followers, who, he said, have always been there despite the difficulties.

Video of Charles Hoskinson published on his social networks.

He also assured that the launch of Shelley is still scheduled, so the public phase of SPO can start on June 9.

In the latest update to Shelley’s Testnet, Christopher Greenwood commented that the pioneers are fully satisfied with the experience with Shelley.

In this sense, Greenwood assured that they have gone through all the exercises of the testnet, which include delegation, changing group parameters and sending transactions. Not to mention that, they claimed to have found only superficial errors.

So, as everything is still going on, Hoskinson announced that the Virtual Summit website will be available next week where they can witness the launch of Shelley in Cardano.

In this way, he assured that the agenda and who will be the speakers of the conference will be announced throughout the first week of July. And, once the conferences have started, there will be a series of great announcements, he said.

Will the multi-asset standard be better than that of Ethereum?

Hoskinson in his update explained that the standard of multiple assets will be much better than that of Ethereum ERC20, IOHK will ensure this.

In addition, he assured that they will also focus their attention on Plutus, which, according to their website, is a strictly typed programming language that is used to define smart contracts in Cardano.

Therefore, he emphasized that the standard of his Cardano token is very different from that of Ethereum ERC20, and much better.

ADA in the market

Cardano (ADA) has had an interesting week on the market after Hoskinson revealed the path to follow until the Shelley update, as we reported at the time.

Specifically, ADA has had a significant recovery in its market price. At the time of writing, Cardano (ADA) is valued at $ 0.0856 according to CryptoTrend’s Crypto Online tool.

In addition, it has a market capitalization of $ 2.2 billion and a market volume of $ 275 million in the past 24 hours.

In this sense, during this week the cryptocurrency has accumulated a growth of 22.86%. What does the future hold for you?

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