• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Cardano

Why Cardano Will Outshine Ethereum 2.0 According to IOHK Boss

Samuel Wan by Samuel Wan
3 weeks ago
in Cardano
Reading Time: 2min read
Why Cardano Will Outshine Ethereum 2.0 According to IOHK Boss
Advertisement

The IOHK CEO Charles Hoskinson gave his perspective on why Cardano will outshine Ethereum 2.0. In an interview with Ben Armstrong, AKA Bitboy Crypto, Hoskinson spoke about Cardano having a simpler and more robust design than Ethereum.

What’s more, he doubts whether this added complexity will result in higher throughput, better scalability, and more security for the Ethereum network.

As deadline day fast approaches for the Goguen rollout, the coming weeks and months will prove critical in establishing whether Cardano can gain ground over Ethereum as the go-to smart contract platform.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Today, a strong performance sees ADA breaking the $0.50 barrier, making a 37 month high in the process.

Cardano daily chart

Source: ADAUSD on TradingView.com

Cardano Features Robust and Simple Design

Much has been said about “Ethereum killing” for the longest time. But developments at Cardano are rapidly gaining pace as 2021 unfolds.

The “Goguen Mary” testnet successfully deployed this week, meaning “native token” support will soon come to the Cardano ecosystem. This will transform it into a multi-asset ledger, opening up a world of possibilities, including DeFi.

As the term suggests, “native” means these custom tokens will transact directly on the blockchain, just as ADA does. Most other blockchains, including Ethereum, deal with custom tokens via smart contracts on top of the base layer.

On that, Hoskinson said the design differences between the two puts Ethereum on the back foot. Adding, this makes Ethereum brittle and fragile.

“But I think Vitalik’s are a little bit riskier from an engineering and research viewpoint, which is why it’s been so difficult for them to get ETH 2.0 out.

They’ve put themselves in a situation where they’re betting on optimistic ZK-Rollups, sharding tech, and these other things, and that’s very brittle and fragile. The science is not very good yet.

Elaborating further, he said Ethereum’s complex approach brings with it many trade-offs, including its ability to resist node failures and the possibility of new exploits.

“they actually go from a half to a third byzantine fault tolerance, and there are availability problems, and there’s probably going to be all kinds of new attacks that are going to occur.”

Ethereum Security in The Spotlight Once Again

Hoskinson’s timely comments come when Ethereum security is back in the spotlight.

It’s emerged that the DeFi farming project Yearn Finance has suffered an attack. At this time, the details of the exploit are unknown. However, a tweet from Yearn Finance explained its Dai lending pool was targetted.

We have noticed the v1 yDAI vault has suffered an exploit. The exploit has been mitigated. Full report to follow.

— yearn.finance (@iearnfinance) February 4, 2021

Yearn Finance core developer @bantg later followed up with more information about the attack. A postmortem of the situation shows the attacker hit the v1 Dai pool for $11 million.

“Yearn DAI v1 vault got exploited, the attacker got away with $2.8m, the vault lost $11m. Deposits into strategies disabled for v1 DAI, TUSD, USDC, USDT vaults while we investigate.“

Tags: adausdADAUSDTCardano
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Related Posts

3 Reasons Why 2021 is Shaping up to be The Year of Cardano

3 Reasons Why 2021 is Shaping up to be The Year of Cardano

2 weeks ago
Cardano’s ADA Hits 3-Year High as Bets on Ethereum Rivals Boom

Cardano’s ADA Hits 3-Year High as Bets on Ethereum Rivals Boom

2 weeks ago
Cardano Protocol Hard Forks in Preparation For Goguen Upgrade

Cardano Protocol Hard Forks in Preparation For Goguen Upgrade

2 months ago
Small Cardano Stake Pool Operators Raise Concerns Parameter Increase

Small Cardano Stake Pool Operators Raise Concerns Parameter Increase

3 months ago
New Contender Emerges Despite Wikipedia’s Begrudging Listing of Cardano

New Contender Emerges Despite Wikipedia’s Begrudging Listing of Cardano

4 months ago
New Cardano Roadmap Puts March 2021 Date For Goguen Mainet Rollout

New Cardano Roadmap Puts March 2021 Date For Goguen Mainet Rollout

4 months ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Bitcoin Gaming Platform FreeBitco.in Acquires 3.75 Billion FUN Tokens

February 26, 2021

60-Minute IFO, 187 Times Over-Raised, 40 Times the Price, 98 Million US Dollar Marketcap: Berry Data Has Become a Bright Star on BSC

February 26, 2021

Get Your Brand New Tokens on Defiqa’s Presale

February 26, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.