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Cardano claims 100 companies are ready to move from Ethereum

Photo of: Nathan VDH
by Nathan VDH

The founder of the blockchain Cardano assures it, many companies are preparing to join his network, thus abandoning Ethereum. Charles Hoskinson nevertheless remains evasive.

Is the Cardano blockchain about to take a leap forward? Its token, the ADA, is already gaining popularity among investors, pointed out a recent survey by broker Voyager Digital. The crypto even had the luxury of supplanting Bitcoin.

Crypto investment fund FD7 Ventures is also betting on alternatives to BTC, including ADA. “I’m willing to bet that each of Ethereum, Cardano and Polkadot will be more valuable than Bitcoin in the coming years,” says its leader.

For the founder of Cardano, who is also one of the co-founders of Ethereum, a major move is coming. According to Bloomberg, Charles Hoskinson assures that “more than 100 companies” are “in the pipeline”.

And these companies are preparing their migration from the Ethereum blockchain to Cardano. Who are they and when will they actually make this jump to the competing network? The leader does not provide details.

Charles Hoskinson indicates that these companies will land on Cardano when the features are “mature”. This is evasive, to say the least. These statements leave some people doubtful, to say the least.

Coin Metrics co-founder Nic Carter even says he’s surprised by Hoskinson’s claims.

“I’m not aware of a single popular application deployed on Cardano. And I haven’t seen any enthusiasm for the platform among developers. I’m really surprised as to why it’s enjoying a resurgence in popularity. “

This is not the first time Cardano’s boss has made thunderous statements. Last July, he already claimed that “hundreds of assets” would run on Cardano. “Thousands of dapps” were also expected to integrate the blockchain within a year.

Former Ethereum, Charles Hoskinson left the project in 2014, and later founded a competing protocol, Cardano. According to him, there is no doubt that it is “superior” to its competitor, both in terms of governance and security.

The founder of Cardano does not lack ambitions, and does not hide it either. “My goal is to make countries work on this blockchain,” he says. Uniswap and CryptoKitties? He doesn’t care about that.

“It’s a bubble, and it comes and goes, like Pet Rocks and Beanie Babies. You can take your DeFi and run it on my system for 1/100 to 1/1000 of the cost. “Cardano, like other networks, is hoping to attract DeFi players and take advantage of Ethereum’s flaws before ETH 2.0 arrives.