Ethereum vs. Cardano: Which is BEST?! 🥊
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Channel: Coin Bureau
Views: 1,095,035
Rating: undefined out of 5
Keywords: Ethereum, ETH, ADA, Cardano, Smart Contracts, Blockchain, Trading, Compared, ETH 2.0
Id: SXfXydnXNH4
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Length: 22min 57sec (1377 seconds)
Published: Mon May 03 2021
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They are completely different in their mission and ethos. Ethereum struck a great deal with the likes of PWC etc back in 2018 when businesses were getting interested in blockchain technology, but wanted added privacy and wanted absolute internal security and secrecy. Hence the evolution of Smart Contracts. ETH has corporate accountants and big business on their side. And not necessarily for good. IBM has blockchain which many govts also use, btw
Cardano was re-written from scratch, to solve all the ETH technical issues - which Charles Hoskinson knew about as co-founder of ETH - and also to solve real-world problems. Problems of identity, credibility and access. That is what technology is for - to solve problems.
So many of you may see this as predominantly an African issue, which continent got left behind in advances in technology back in the 1970s. But also increasingly pervasive everywhere else in the world. The bottom line is that without a digital identity, you are invisible. (see my personal account below).
The noticeable change is going to come when a huge amount of people, can finally prove their qualifications are not fraudulent and along the way have access to a whole heap of stuff we take for granted because we have an identity.
I am an African, currently in the UK by COVID forces (I came to visit a friend in March 2020). You have no idea how absence of proof of birth, identity, let alone qualifications can screw up your life, if your country's documentation is automatically treated as probably fake. It's even worse when your education and other credentials are on paper - mouldering away in another country. I've been beyond lucky in the last year, with crypto keeping me going whilst I've battled the bureaucracy. A digital identity, verifiable qualifications is priceless. That is Cardano's raison d'etre. ETH's is to keep things that should be known even more secret.
guy should be a tightrope walker. expertly done considering the (ridiculous) tribalism existing between the projects.
I think people here are missing some of the points he was making. Ethereum for short term but Cardano long term. Don't forget ethereum is acting larger than life at the moment but Cardano is going to be a way of life.
5 years will really separate the boys from the men. But both will be around.
Give it 5 years and cardano will be a 1+ trillion MCap. Eth will be even higher, but we'll all be winners and those with nothing in countries that trample over human rights will be all the better for it. Small patient steps. We'll all make it
His content is always pretty far above average. Neglected to mention that Cardano's staking rewards decrease over time somewhat like Bitcoin's halving period except it's gradual and not all at once. This is good for token price appreciation long term.
They will both coexist just like most other great competing companies.
Don’t mind this guys run downs. It’s not financial advice it’s just info from someone who has been in the space for decades. As a noob I find his perspective interesting but I wouldn’t make a purchase without DYOR.
Still I’m grateful there are people out here making content and demystifying the crypto space in their own time. He does say when he owns a stake in a project he’s about to talk about and I often get the vibe his excitement about some projects could be because of this. But still his rundowns seem genuine and he’s not as sleezy as some of the younger YT personalities.
TLDR; nice info, watchable dude, if you’re purchasing off of YT videos alone don’t do that.
Guy is the Best.
That video is the first balanced comparison I have seen.
Just watched this earlier today. Decent video