Cardano founder Charles Hoskinson has predicted a quick victory of Ethereum over Bitcoin.
Charles Hoskinson talked about cryptocurrencies and why he believes ethereum is poised to overtake bitcoin in the near future. He started by talking about the speed of bitcoin transactions. Pointing to the sluggishness of the network and how slow it is in comparison to other proof of stake networks.
Focusing on ethereum in particular, he said that the coin outperformed bitcoin in so many ways.
Ethereum Is Superior To Bitcoin
Ethereum has been gaining popularity over the years as digital currencies become more popular. It is the second most popular coin behind bitcoin currently. With lots of investors throwing their hats in the ring with the coin. Believing that the coin is bound for greatness much higher than that of bitcoin. And Hoskinson seems to be a part of this crowd.
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One of the ways Hoskinson said that eth was better than bitcoin was the flexible development culture associated with it. A good depth evolution was one of the advantages he referred to amongst others.
Any faults found in the ethereum network are fixable. There are no issues that are locked into the network. This is what makes development in the blockchain so flexible.
An example of this is Ethereum 2.0. A development that has been in the pipeline for a while now. It is meant to replace the current network. And in doing so, solve the bottlenecks that come with using the network. Making it cheaper to send coins even in high traffic times.
The upgrade is also going to help with scalability and security. Making the whole network much more secure for users.
This is being developed by teams across the entire eth ecosystem.
Bitcoin Is Its Own Worst Enemy
Continuing on, Hoskinson called out bitcoin for being its own worst enemy.
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The CEO pointed out that bitcoin is riddled with network…