Is (ADA up 15%) Cardano’s Thanos Out To Destroy (ETH) Ether’s Avengers?

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Last Updated on 10 March 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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Charles Hoskinson, the founder of Cardano used to work alongside Vitalik Buterin, the founder and CEO of Ethereum. Vitalik is Canadian-Russian, whilst Charles is as American as can be. The two men used to work together at Ether but then fell out as they saw the future of Ethereum differently.

Hoskinson left, founded IOHK (Input Output HongKong) and developed Cardano.

This week Hoskinson is on a roll as Cardano surges and ADA doubled in value. Charles was wearing cowboy boots in the sand this week as he worked from Florida and tweeted a GIF about Thanos, the villain from the All-American Avengers movie series.

I myself am not a fan of all these Marvel movies, but I do get their appeal to the younger generations that invest in crypto. Even its likeness to the battle between Cardano and Ether, what the crypto press describes as the “Ethereum-killer” race, is not lost on me.

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Avengers

Simplified, and give me some rope here… Thanos is out to destroy and improve earth, which he feels is no longer useful. Standing in his way are the Avengers, and thus Thanos destroys them. In the last movies of the series, he of course meets their revenge.

When Ran Neuner did an interview with him yesterday, he used the said GIF to market the YouTube video as well. The presenter of Crypto Banter showed Hoskinson wearing a Thanos glove featuring the five rings depicted as Cardano projects that helped improve it along the way.

Hoskinson commented on Cardano’s moon rise over the past few weeks, and was as calm about it as ever, stating:

It’s fun to see the markets where they’re at, but I’ve been around long enough to know that this is a euphoric moment, so you enjoy it. But they go down as euphoria ends, and then they go back up.

Ethereum 2.0

Last year still, as Ethereum lived on promises of Ethereum 2.0 which would introduce a new type of blockchain technology that some cryptocurrency experts predicted would represent the future of decentralized finance, upstart competitor Cardano was just ready to go live.

By now, it looks like Cardano’s digital token, ADA, has been able to convince investors that its Proof-of Stake blockchain has left it in a much stronger position to challenge the still much-larger Ethereum network.

Also, the plans to release the Goguen phase are on schedule and the Goguen Mary update will be released by the end of February to the Cardano Mainnet. The Goguen phase will allow developers to execute smart contracts on the blockchain, and a step closer to make it an Ethereum killer.

YouTube video

Charles Hoskinson may claim that any article stating there is a race going on between himself and Vitalik Buterin is simple clickbait, but he has of course at multiple occasions criticized Ethereum 2.0 and its scaling model, while ADA has seen a soaring price rise in the past few weeks. The momentum is in his favor for the moment.

Other crypto CEO’s, such as Changpeng Zhao of Binance, have taken the opportunity to criticize Ethereum’s gas prices, another recurring problem for Vitalik.

Catch up nations and Carbon footprint

Two further things to consider are that Hoskinson worked alongside Vitalik when he developed the Ethereum blockchain, and therefore the American is well aware of any faults that still exist in the system. As history has shown us, when it comes to adapting new technology, catch-up nations always grow faster as they are able to learn from the mistakes of the original innovator.

Secondly, Cardano’s blockchain leaves apparently a much smaller footprint than the older technologies, which, in times of climate change, becomes a major selling point.

Asked yesterday who would win, Ether or Cardano, Hoskinson replied that:

The market will decide.