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Home Altcoins

Cardano and Ethereum Will Live ‘side by side’ in the future, Rating Claims

by Khalid Lawal
July 20, 2020
in Altcoins, Blockchain, Business, Cryptocurrency
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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.

Tags: CardanoCardano (ADA)Cardano EthereumEthereum 2.0Weiss Rating
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Highlights

Elon Musk Loaded Up In Dogecoin before Pumping Bitcoin – Peter Schiff

Crypto Investor Explains Why Cardano will Soon Topple Ethereum

Cardano’s IOHK Rebrands, Enters Final Stages of a Large Government Contract

Analyst Explains why Bitcoin Price Could Crash to $6,400

Online Search for “Dogecoin” Surpasses “Bitcoin” in United States

PayPal Q4 Earnings Report Shows Users More Active after Buying Cryptocurrencies


NewsLogical Inc. is a U.S.-centric firm established in 2019 with the aim of providing resourceful and up-to-date cryptocurrency and blockchain information.

Email: info@newslogical.com

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Contents on NewsLogical.com are only for informational purposes and should not be construed as financial or investment advice.

Trading cryptocurrency is considered a high-risk activity that requires technical knowhow because digital currencies are generally volatile.

Contact financial experts for guidance before making any cryptocurrency investment decision.

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