BitcoinNeedHelp (OP)
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February 11, 2024, 12:03:58 AM |
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Do you think Cardano will replace Ethereum?
Personally, I think that both blockchains will develop in different directions in the future. Both blockchains would therefore be relevant and coexist.
I personally think of something like this: Ethereum = DeFi Cardano = dApp
I also thought of something like this: Ethereum = NFT & Gaming Cardano = dApp & DeFi
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BRINIRHA
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February 11, 2024, 02:02:25 AM |
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Do you think Cardano will replace Ethereum?
Personally, I think that both blockchains will develop in different directions in the future. Both blockchains would therefore be relevant and coexist.
I personally think of something like this: Ethereum = DeFi Cardano = dApp
I also thought of something like this: Ethereum = NFT & Gaming Cardano = dApp & DeFi
Cardano will not be able to replace Ethereum. because we can see that the ecosystem in Ethereum continues to develop rapidly. Not only in Layer 1 but layer 2 is also developing rapidly, such as Arbitrum which is also continuing to develop. ADA actually also has its own advantages. So I also think that both will go side by side and have their respective advantages and disadvantages.
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shinratensei_
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February 11, 2024, 02:12:02 AM |
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I don't think cardano will replace ethereum ever, lets be frank here, so many projects out there revolve around ethereum, so many projects that are ethereum l2 also doing airdrop campaign requiring staking of ethereum right now locking billions in their pool, also the EVM that etheruem has is highly utilized across various blockchain whether it is L1 or L2 they always implements EVM with little modification and the fact that so many ethereum L2 are gaining billions valuation for their token alone means something. meanwhile did you see such thing with cardano? I think not, cardano is lacking behind in this regard, let alone pursuing ethereum which supposedly requires cardano to have higher growth rate than ethereum. funnily enough over the course of this past 6 months cardano only rise double of its bottom, its kinda unrealistic to say that ethereum gonna be overtaken by cardano, its more realistic to say solana have higher chance overtaking ethereum.
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mk4
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February 11, 2024, 04:02:00 AM |
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Of all the alternative Layer-1s you've chosen the one that has barely any adoption and user activity at all lol. Cardano doesn't even have native stablecoins yet. If there's an alternative L1 that will challenge Ethereum, it would be Solana and the Cosmos IBC ecosystem. Cardano is one of those L1s that I don't know why still has a huge fanbase despite not much activity occurring. I personally think of something like this: Ethereum = DeFi Cardano = dApp
DeFi = Decentralized Finance DApp = Decentralized Apps Why do you separate both? They're pretty much synonymous lol. DeFi platforms are DApps.
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BitcoinNeedHelp (OP)
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February 11, 2024, 09:15:11 AM |
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Cardano will not be able to replace Ethereum. because we can see that the ecosystem in Ethereum continues to develop rapidly. Not only in Layer 1 but layer 2 is also developing rapidly, such as Arbitrum which is also continuing to develop. ADA actually also has its own advantages. So I also think that both will go side by side and have their respective advantages and disadvantages.
What do you think Ethereum's niche will be and what will Cardano's be? I think not, cardano is lacking behind in this regard, let alone pursuing ethereum which supposedly requires cardano to have higher growth rate than ethereum. funnily enough over the course of this past 6 months cardano only rise double of its bottom, its kinda unrealistic to say that ethereum gonna be overtaken by cardano, its more realistic to say solana have higher chance overtaking ethereum.
Cardano's time is not yet, in this bull market Ethereum will shine but I think in the next bull market it will be Cardano. Of all the alternative Layer-1s you've chosen the one that has barely any adoption and user activity at all lol. Cardano doesn't even have native stablecoins yet. If there's an alternative L1 that will challenge Ethereum, it would be Solana and the Cosmos IBC ecosystem. Cardano is one of those L1s that I don't know why still has a huge fanbase despite not much activity occurring.
Solana with the 20th server failure Cardano has the most stable and secure blockchain. The Haskell programming language alone is one of the most difficult languages in use. Cardano is still at the very beginning, in 4-6 years things will look different. For me, it is more suitable for Cardano to dominate the DeFi and dApp niche. But what would Ethereum be used for? As a payment? NFT & Gaming? Maybe Cardano would be the developer of the dApps and the platform where it runs would be Ethereum, but that would be very illogical. Or maybe like this: Ethereum = DeFi / dAPP Cardano = AI
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mk4
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February 11, 2024, 09:35:23 AM |
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Solana with the 20th server failure Solana had outages because it was literally being heavily used by users. Of course most alternative L1s won't have outages because they're barely being used. Polygon and Arbitrum also had outages because of heavy usage. Cardano has the most stable and secure blockchain.
Ok — most secure based on what? The Haskell programming language alone is one of the most difficult languages in use.
Totally subjective, but how is that a good thing?? Cardano is still at the very beginning, in 4-6 years things will look different.
People have been saying that years ago. For me, it is more suitable for Cardano to dominate the DeFi and dApp niche. But what would Ethereum be used for? As a payment? NFT & Gaming?
Ethereum is being used heavily for DeFi. Bitcoin/Solana/Polygon is used more for payments. Ethereum/Polygon/Arbitrum for NFTs. Polygon and Avalanche for gaming.
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husencoe
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February 11, 2024, 09:47:30 AM |
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I think you are just comparing princes with commoners. Absolutly this is a different world. We can see that Etherium continues to grow and gain trust from the community. On Etherium, their is many of new tokens are born and use its blockchain and they have values. I think this is what keeps Etherium alive. In other side, Cardano is rarely chosen by developers to run on it. Etherium continues to innovate to provide traction, and may be as Cardano catches up, Etherium will run even further. Maybe instead of Cardano, I think there is a possibility that Solana will be closer to Etherium someday.
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Epaper
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February 11, 2024, 10:00:11 AM |
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I can't say that Cardano may or may not replace Ethereum, because anything is possible. But Ethereum is getting stronger as time goes by. This is not just a matter of the technology, but also of some combination of the number of Ethereum developers who are unlikely to easily switch to other projects. Ethereum is a well developed project. DeFi for example is 90% built on Ethereum, and is easier to build when other projects are already built. Apart from that, Ethereum's level of popularity is so strong that it has made Ethereum one of the most famous cryptocurrencies with an increasingly widespread level of use.
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avikz
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February 11, 2024, 10:21:39 AM |
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I don't think Cardano will ever be able to replace ETH. ETH is the second largest cryptocurrency after Bitcoin. It has a very very loyal customer base. Also if I look at the return, it has outpaced all other cryptocurrencies except Bitcoin. It also has a very active development team with Vitalik leading from the front.
Also the major reason what I feel is that, ETH is the pioneer of smart contracting feature. Many other cryptocurrencies were launched after seeing the success of this smart contracting feature which ETH had introduced. It's nearly impossible to replace a Pioneer.
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BitcoinNeedHelp (OP)
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February 11, 2024, 10:29:44 AM |
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Maybe instead of Cardano, I think there is a possibility that Solana will be closer to Etherium someday.
I can't say that Cardano may or may not replace Ethereum, because anything is possible.
Also the major reason what I feel is that, ETH is the pioneer of smart contracting feature. Many other cryptocurrencies were launched after seeing the success of this smart contracting feature which ETH had introduced. It's nearly impossible to replace a Pioneer.
I don't think Cardano will overtake Ethereum either. But I believe that both will have their own niche and will coexist next to each other. I'm just wondering which niche Cardano will dominate Think with Ethereum it is DeFi
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Victorik
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February 11, 2024, 10:31:50 AM |
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Do you think Cardano will replace Ethereum?
I don't think Cardano will be able to replace Ethereum. You can see how fast the Ethereum ecosystem is evolving so fast and expanding rapidly, but same can't be said about Cardano. I don't think Cardano has been able to catch up speed with Ethereum. Ethereum is far ahead of Cardano.
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BitcoinNeedHelp (OP)
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February 11, 2024, 10:53:15 AM |
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I know that Ethereum has a huge lead, but Cardano doesn't have to replace Ethereum. Cardano will find its own way. But it is still far too early for Cardano. We have: Blockchain 1.0 = BTC (store of value) Blockchain 2.0 = Ethereum (SmartContracts) Blockchain 3.0 = Cardano (DeFi & dApp) https://www.youtube.com/watch?v=sDwJA1AnsAY
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Sophokles
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February 11, 2024, 10:58:44 AM |
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Do you think Cardano will replace Ethereum?
Personally, I think that both blockchains will develop in different directions in the future. Both blockchains would therefore be relevant and coexist.
I personally think of something like this: Ethereum = DeFi Cardano = dApp
I also thought of something like this: Ethereum = NFT & Gaming Cardano = dApp & DeFi
There is a reason why many people call cardano a ghost chain. Also i don't think layer 1 that relevant in the market after this golden age of layer 2. When developers are getting more convenience to work on layer 2 than layer 1 then why will they use a layer 1 project rather than a layer 2. Also it is easier for a project to launch on multiple layer 2 so that project has a higher chance of growth and community appreciation. Though it is true that most of Layer 2 will be dead in a few years, right now this is the place where most of the money is made.
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irsykes
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February 11, 2024, 11:05:50 AM |
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Do you think Cardano will replace Ethereum?
Personally, I think that both blockchains will develop in different directions in the future. Both blockchains would therefore be relevant and coexist.
I personally think of something like this: Ethereum = DeFi Cardano = dApp
I also thought of something like this: Ethereum = NFT & Gaming Cardano = dApp & DeFi
Cardano will not be able to replace Ethereum. because we can see that the ecosystem in Ethereum continues to develop rapidly. Not only in Layer 1 but layer 2 is also developing rapidly, such as Arbitrum which is also continuing to develop. ADA actually also has its own advantages. So I also think that both will go side by side and have their respective advantages and disadvantages. That's right, the ecosystem is developing rapidly. On the other hand, the ethereum ecosystem has mostly great projects and rarely scam projects. The ethereum hype will probably continue to grow, with the encouragement of this large ethereum airdrop causing the community to explore transactions in the ethereum ecosystem.
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huu78
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February 11, 2024, 05:15:54 PM |
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I don't think Cardano will replace ethereum, I have tried transactions on Cardano several times, and it is very difficult and the fees are expensive, for this type of cheap coin the fees should not be expensive. So I don't think Cardano can replace Ethereum based on my experience exploring the ecosystem of these two coins.
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cryptoaddictchie
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February 11, 2024, 05:19:09 PM |
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Do you think Cardano will replace Ethereum?
In terms of tech? I'm not sure, but the ranking in marketcap will likely impossible. Eth has many users and still increasing though. Even the gas fee are high many prefer to use it due to huge user base on many dapps and third party defi projects. Its quite dumb to use eth due to its fee but what can we do if almost all goof projects reside there. The possibility of replacing eth by someone could be manageable by solana but would it happened really soon? Not so sure.
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slashz9
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February 12, 2024, 06:13:01 AM |
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of course not, how is it possible, you can compare it, I really don't believe cardano can replace ethereum. The Ethereum ecosystem is more widely used than Cardano, in fact there are several more advantages to using Ethereum.
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passwordnow
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February 12, 2024, 08:14:19 AM |
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I don't think that it will be able to replace it for so many reasons. But let's just set back with the actuality of the stand of these two projects on their consistency on this market and its own communities. It is more obvious that Ethereum has produced a lot of smart contracts and successful projects that have been so good and got their own mainnets. The Ethereum ecosystem is more widely used than Cardano, in fact there are several more advantages to using Ethereum.
Exactly. If it's just about the ecosystem of Ethereum entirely, it's a no match for Cardano. While there are pros and cons pertaining to each others competition but it's just more with the Ethereum ecosystem thats being liked by most of the people not just as an investment but also with its utility that everybody does. I don't think Cardano will replace ethereum, I have tried transactions on Cardano several times, and it is very difficult and the fees are expensive, for this type of cheap coin the fees should not be expensive. So I don't think Cardano can replace Ethereum based on my experience exploring the ecosystem of these two coins.
It is far from replacing it and there have been always topics like this about replacing one and the other. This has also been dealt with Bitcoin and for that reason, it's not going to happen but since this market is volatile it may not be Cardano but there could be another one.
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EarnOnVictor
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February 12, 2024, 08:23:07 AM Last edit: February 12, 2024, 03:09:11 PM by EarnOnVictor |
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Do you think Cardano will replace Ethereum?
My answer is plain, No, at least for now, but in the next decades, I can't say. ADA is still way farther from Ethereum when it comes to replacement, I will not even think of such. However, the cryptocurrency that is increasingly becoming true to challenge Ethereum is Solana. We all know the project behind the coin and how they've improved so much in it to the extent that it is now a viable competitor to Ethereum, and also has a better fee which is a plus as far as I am concerned. Needless to say, it performed so well last year and Ethereum could not ever be compared to its performance. This is because people appreciate it and in this next bull run, I suspect that it could hit $1000, and if it can achieve that, then it will remain a little to meet Ethereum because, after then, it would be moving faster than before. I expect that it will be moving in its hundreds just like Ethereum is doing now when the time is ripe.
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Husires
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February 12, 2024, 02:14:21 PM |
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If you follow the changes in the cryptocurrency market, you will notice that there is a general trend. with the beginning of Bitcoin, there was hardforks, which all claim to be better than Bitcoin, and then Ethereum and coins that claim to be better alts appeared, such as Cardano, and then ICO IEO, DeFi, AI, NFTs. The current trend is towards second-layer coins, so Cardano will not replace any currency, but second-layer coins will rise sharply next year.
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