After Warning of a Potential Collapse, Cardano's Founder Now Says Cardano Can Beat Bitcoin. Is He Right?
The chain's founder is trying to bring more attention to what he perceives as its unique strengths.
After Warning of a Potential Collapse, Cardano's Founder Now Says Cardano Can Beat Bitcoin. Is He Right?
Overview
Cardano (CRYPTO: ADA) founder Charles Hoskinson argued this week that his blockchain will overtake Bitcoin (CRYPTO: BTC) despite Bitcoin's 70% decline over the last 12 months. That claim comes on the heels of Hoskinson taking a break earlier in June after warning of a "wave of failures" of crypto projects in Cardano's ecosystem. He also said that his chain has meaningful advantages over Ethereum (CRYPTO: ETH), especially in terms of decentralization.
So, what exactly is it that Hoskinson is getting at here, and more importantly, is he right about the future of Cardano?
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Details
Source
Originally published at www.fool.com.
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