Competition between major blockchains including Bitcoin, Ethereum and Cardano is intensifying, and Cardano's Charles Hoskinson is making bold statements after the recent Chang hard fork.
The competition between major blockchains including #Bitcoin , #Ethereum and #Cardano is intensifying. The update changes Cardano's governance structure and positions it as a stronger competitor to Ethereum.
the Token2049 conference in Singapore, Hoskinson emphasized Cardano's advantages, saying its new model more broadly distributes power, unlike Ethereum, which he criticized for its dependence on founder Vitalik Buterin.
He called Ethereum's governance a "dictatorship" and argued that Cardano's changes would ensure continued innovation regardless of individual leadership.
Bitcoin is aiming for new heights; will altcoins follow? Hoskinson outlined new governance features that facilitate collaboration between delegates and allow for regular decision-making and updates to the blockchain roadmap. He emphasized that Cardano's innovations will continue whether he is involved in them or not.
His long-standing rivalry with Ethereum began with his departure from the project he co-founded; since Cardano's launch in 2017, Hoskinson has tried to challenge Ethereum's dominance, but now Ethereum leads cryptocurrencies in terms of penetration and market position, while Cardano ranks 10th among cryptocurrencies.
The Curve Finance proposal seeks to cancel TrueUSD (TUSD) as collateral for its crvUSD stablecoin due to concerns over TUSD stability and regulatory issues.
the PayPal PYUSD stablecoin has lost nearly 30% of its market capitalization over the past 30 days, falling from more than $1 billion to $709 million as of September 26.
Prominent cryptocurrency analysts have warned that TON Coin (TON), a supposed competitor to Ethereum (ETH), could soon face significant selling pressure.
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