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- Ethereum maxis stated a few weeks ago by calling Cardano a ghost chain.
- Cardano network can handle about 75,000 transactions daily and more than one transaction per second.
- Cardano founder and CEO said Ethereum’s proof of sake (pos) is “as rough as it is.”
The statement released by Ethereum maxis, was not very right to say, and was all over the news a few weeks ago. Ethereum maxis released a statement saying, “Cardano is a ghost chain,” without even considering the number of transactions the network has seen in this particular year.
Cardano is a decentralized public blockchain platform as well as it is also one of the biggest cryptocurrencies. It was founded in 2015 by Ethereum co-founder Charles Hoskinson. After the statement by Ethereum maxis, Cardano blockchain acumen said that 25% of all the transactions had been generated by this year only, appreciating the decentralized applications that have been released and the switching the way of handling the transactions.
According to the data from the blockchain explorer of Cardano, the network is currently handling about 75,000 transactions daily. And opposite Ethereum maxis’ statement, the Cardano blockchain can handle more than one transaction per second.
As well as in every 20 seconds, a new block is added to the Cardano blockchain. And the transactions that are paying higher fees are prioritized first, then those that are paying lower fees. Even so, it has not reached where big blockchains like Bitcoin, Ethereum, and Solana handle nearly thousands of transactions per second, especially when industries like Decentralized finance (DeFi) and NFT jump up.
Cardona founder and CEO Cardano Charles Hoskinson on new Ethereum merge
Ethereum upgraded its system two weeks ago and named as merge. But soon after the upgrade, it does not seems like the new upgrade is liked by everyone and has failed to impress all the sundry. Before the merge, some crypto community members showed concern about the proof-of-sake (POF) method and mentioned that it felt less decentralized and more centralized.
And commenting on the same, Founder and CEO of Cardano Charles Hoskinson said that the two actors ( Lido and Coinbase) are caring of about 42% of the blocks after the merge, and they are frequently locked in proof of stake (pos).
At the month’s beginning, he tweeted about the new merge by saying.
“Ethereum has become the hotel california of cryptocurrency. You can check out and thats just nuts because cardano dosent have it.”
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
