Ethereum, the world’s second largest cryptocurrency by value, is in the midst of its transition from proof-of-work to proof-of-stake. And this, according to many in the crypto community, makes it Cardano’s direct competitor.
However, Cardano is no slouch either — the new update scheduled for next month will put it head-to-head against Ethereum in its own kingdom, the space of decentralised finance (DeFi) and smart contracts. The update will allow Cardano to mint non-fungible tokens (NFTs), automate lending and bring in other use cases.
Do you think that Cardano will finally be able to fulfill its destiny of being the ‘Ethereum Killer’ once it reaches its full potential?