Weiss Crypto Ratings, has predicted that Cardano (ADA) and Ethereum (ETH) would likely coexist together in the nearest future.
The crypto rating firm singlehandedly pointed out Cardano, referring to the network as Ethereum’s major contender, hence, their possibility of harmonizing together in the future.
Weiss Ratings, which started operating since 1971, is the populace’s leading autonomous agency, saddled with the responsibility of rating economic establishments, allotting letter grades to over 55,000 organizations and investments, comprising almost all of the nation’s insurance companies, credit unions, ETFs, mutual funds, banks, among others.
However, Cardano’s Proof of stake with Shelley, is supposed to be launched in a few days, but Ethereum 2.0 has been postponed.
Vitalik Buterin, the co-founder of Ethereum and Bitcoin Magazine, recently gave the assurance that stage 0 of Ethereum 2.0, would be released in 2020 with no iota of doubt. Although, the date it will be launched is yet to be established.
Meanwhile, certain experts from the crypto space are in doubt, whether Ethereum would lose its dominance in the field of smart contracts and distributed applications (dApps).
As at June ending, Qiao Wang, start-up investor, and consultant took to his Twitter account to say that Ethereum 2.0, should be launched as fast as possible, else, a different highly scalable blockchain may possibly take the position of Ethereum.
Prior to this time, Wang revealed that no avowed “Ethereum killer” has a new thing to offer that Ethereum doesn’t have already.
In addition, Wang made the point that Ethereum has an enormous network of developers, companies, and projects, which no other blockchain project could perhaps match, in time to come.
Juan M. Villaverde, Weiss Crypto Ratings’ expert said, Cardano may possibly turn out to be Ethereum’s major rival.
He was further probed by the crypto community whether Cardano will turn out to be an inordinate play-maker in crypto industry in time to come.
Juan revealed that Cardano at the moment is a great player in the crypto space, and IOHK, has as well made an outstanding impact on the crypto space. So, Cardano (ADA) is the leading project based on scientifically formalized methodologies.
Additionally, Villarverde forecasted that Cardano and Ethereum would likely live side by side in the future. He is of the belief that none of them will fade away into the thin air.
