Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts.
Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Celsius product manager Vannessa Harris, who worked for Microsoft and Google, believes that the DApps offered by Cardano are superior to Ethereum.
- Harris noted that Cardano offers faster and cheaper transactions.
- Cardano expects an update later this month.
- Elsewhere on Twitter, Hoskinson, Dorsey and Musk were talking about programming languages.
A former employee of Google has highlighted the benefits of the blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. Cardano over its main rival, Ethereum a decentralized open-source blockchain with smart contracts functionality. .
The product manager of Celsius Vannessa Harris, who previously worked for well-known technology companies, went to Twitter this week to share his personal experience in the decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. finance space at Cardano . In a Wednesday release, she expressed her penchant for decentralized exchanges (DEX) of Cardano over Ethereum .
The experience of using DEX (decentralized exchange)A peer-to-peer exchange allowing users to trade cryptocurrency without the need for an intermediary. on Cardano is 100 times better than on Ethereum.
The experience of using DEXes on Cardano is 100x better than on Ethereum.
— Vanessa Harris (@technologypoet) June 2, 2022
Harris, who collectively has more than 10 years of experience as a product manager at Google yMicrosoftexplained that the reason for his comment is that he gets the “ end-to-end experience “of the main DEX in Cardano better than that of the Ethereum . He mentioned, by way of comparison Miswap based on the first one, with the popular DEX Uniswap y 1Inch of the second.
While she acknowledged that the variety of decentralized platforms offered by the Vitalik Buterin-led blockchain project is more vast, she believes that the few that it offers Cardano , “ do it better ” en términos de la “ end-to-end experience, including wallet a place where cryptocurrency users can store, send and receive digital assets. experience, speed of transaction, cost of transaction “, they say.
Cardano vs. Ethereum
This is not the first time that Harris, who was emphatic in pointing out that her opinions are her own, has gone to Twitter to praise Cardano y ironically approach some of the frequent criticisms of the project. Nor is he afraid to criticize Ethereum The leading platform a place to buy, sell and store cryptocurrency in terms of volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. of DApps, due to its often high transaction fees and transaction times.
“ Another $200 in ETH gas a term used on the Ethereum platform that refers to a unit of measuring the computational effort of conducting transactions or smart contracts, or launch DApps in the Ethereum network. It is the “fuel” of the Ethereum network. *see Gas Limit and Gas Price. fees doing a few simple transactions, and it’s slow enough to even make Cardano blush . At this point I prefer to use the 27th version of a reborn Luna chain than Ethereum. “Harris had published in a tweet on the same day, referring to the controversial reactivation of Earth .
As stated inCrypto GlobeHarris’ stance was a far cry from comments made almost a month ago by cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. influencer Ran Neuner. At the beginning of May, the host of the YouTube “Crypto Banter“shared some criticisms about Cardano in a transmission where he even assured that this network a network refers to all nodes in the operation of a blockchain at any given moment in time. “has no operational DEX “.
“I think Cardano has two problems. Their launch time is taking too long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. and, as a result, they’re not getting the amazing adoption that all the other blockchains are getting.” Neuner said in that video.
While the youtuber admitted that he maintains an ADA portfolio, the token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. native of Cardano , no cree que a futuro el proyecto se encuentre entre los principales del criptoespacio. Aunque esta visión poco esperanzadora también se extendió a otros de los principales criptoactivos, ya que aseguró que “ 73% of altcoins will go to zero “.
Hoskinson defends Cardano
Meanwhile, in another place not too far away from Twitter the founder of Cardano Charles Hoskinson, Charles Hoskinson, participated in a conversation with Elon Musk and Jack Dorsey, former CEO of the social networking platform, about programming languages.
“ Just wait until they discover Haskell. “ Hoskinson commented to a thread on tweet where Musk and Dorsey agreed on their penchant for the simple C programming language, as opposed to C++. “ I hate the bloated mess that is modern C++, but I love plain C, since you know what it will compile to in terms of actual CPU central processing unit, a piece of hardware that allows a computer to interact with all the applications and programs that have been installed on it. operations. “, he had commented the billionaire earlier, a statement Dorsey agreed with.
just wait until you guys discover haskell
– Charles Hoskinson (@IOHK_Charles) June 2, 2022
It’s worth noting that Musk’s Twitter comment doesn’t come in isolation. The CEO of Tesla seems to be trying to demonstrate that one of the co-founders of Dogecoin was wrong when he said in a interview that Musk didn’t know anything about programming .
Although one of the least used, Haskell is the smart contract in traditional finance, a contract is a binding agreement between two parties. In cryptocurrencies, smart contracts execute functions on the blockchain. programming language of Cardano . The project is also based on Marlowe the domain-specific language for financial smart contracts. Hoskinson has repeatedly defended the use of this programming language for its accuracy and verification, and in that sense for its ability to reduce the risks of vulnerabilities and exploitation of the blockchain.
The founder has also justified the methodical approach of Cardano which has often been criticized for slow development compared to other blockchains. In the meantime, enthusiasts of such an ecosystem is waiting for an upcoming update called “ Vasil “which will arrive in the form of hard fork at the end of June.
- Cardano price rises by more than 25% ahead of expected Vasil hard fork
- “Developing in haste only increases the risk of making mistakes,” says Charles Hoskinson in the wake of what happened to Terra
- Charles Hoskinson gives details about new update for Cardano and proposes to Elon Musk to create a decentralized Twitter
Article by Hannah Estefania Perez / DiarioBitcoin
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