We see established rivals come back to life in all forms of sport and competition. In basketball, the Lakers and the Celtics. In boxing, I’ve seen something like Farley vs Wilder. In hip hop, we often hear about Nas vs. Jay-Z. Today, in the crypto world, there are crucibles filled with all kinds of herbs that brew beef.
Widely recognized, but gradually beginning to decline are Ethereum and Cardano. Let’s take a look at the history of these blockchain giants.
What is beef: History of the connection between Ethereum and Cardano
These two big dogs have a lot in common and a lot of differences, but the overall goal is to ultimately be at the top of the blockchain.
Ethereum was created with the goal 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 is leveraging blockchain technology to decentralize its products and services in a wide range of use cases beyond money. To date, Ethereum has seen several distinct steps that highlight different aspects of its function. In 2021, Ethereum established a strong position as the firm second-largest player in the cryptocurrency behind Bitcoin.
The main use case for Cardano is to allow transactions in the native cryptocurrency ADA, allowing developers to build secure decentralized applications with Cardano. However, unlike other blockchain projects, Cardano aims to emphasize a research-led design approach and achieve academic rigor that we believe will drive the adoption of that technology.
Invisible strings and forgotten past …
Charles Hoskinson, the founder of Cardano, began his blockchain journey in 2013. He set up an online school called the Bitcoin Education Project, where he met Ethereum’s own Vitalik Buterin. Not too long, he became one of Ethereum’s eight first co-founders. Charles left Ethereum in 2014 after several controversies over whether Ethereum should be profitable.
What makes this real beef is not the fact that Charles has left Ethereum, but the fact that ADA marketing has targeted Ethereum directly. Called the “Etherium Killer,” ADA has long been known as a notable coin. Many investors have been waiting for Cardano to be thrown, but Ethereum continues to rise despite obstacles such as high gas prices.
Ethereum is blessed with an early start, which helps to lock them into the position of today’s blockchain. The problem with ADA is the large number of frozen contracts and staging drops. They face a wall trying to get over the hump, so they can eventually do what many have been waiting for.
ADA has many game-changing ideas and contracts to help further improve and promote cryptography. Both ADA and ETH continue to have beef, but other new tokens have recently challenged ADA’s position.
Despite all of this, these two coins have been the focus of attention throughout the year, both of which have reached record highs. Knowing who will go and who will stay next year will make the coming year exciting. What is beef! ??