- Cardano remains a potential Ethereum killer.
- Cardano Shelley upgrades finally ready after several delays.
- Cardano ADA price struggles along with the entire cryptocurrency market.
- Charles Hoskinson says Ethereum is 2 years behind
Cardano News Today – Cardano is often referred to as an Ethereum killer because it is one of the few blockchains that actually have what it takes to displace Ethereum, the world foremost decentralized computer. The Cardano Shelley upgrade was expected to be the ultimate move that will solidify its place as an Ethereum killer. According to Charles Hoskinson, the Cardano Shelley upgrade is going to make the blockchain 100% more decentralized than Bitcoin when it is finally activated on the mainnet. However, there have been several delays along the way according to our previous Cardano news. Yesterday, Charles Hoskinson reassured the Cardano community that the Cardano Shelley upgrade will be installed on the mainnet soon.
Cardano Shelley Upgrade Set For Launch After Several Delays
According to the announcement by Charles Hoskinson, the Cardano development team will move on to phase 2 of the Cardano Shelley testnet this month. After that, they will start making plans to update the Cardano blockchain with Plutus Programing which is also set to be launched in September. The Cardano community is no longer as excited about these upgrades as they used to be due to the numerous delays and initial lack of clarity.
Cardano (ADA) Price Today – ADA / USD
ADA bag holders were hoping that the Cardano development moves will help promote a surge in the price of the ADA token. While the price of the ADA token increased at the beginning of the year, it started to fall along with the rest of the cryptocurrency market a few months ago. At the time of writing, Cardano was trading at $0.045203. This means that it is down by 3.53% against the USD and down by 2.7% against the price of BTC. The trading volume over a 24 hour period is $48,314,993 and the market$1,171,987,322.
In other news, Charles Hoskinson said that Ethereum is 2 years behind its development schedule and is currently being outpaced by Cardano. He said that if the world’s foremost decentralized computer is going to keep its position, developers need to pick up the pace. In his words.
“Ethereum is actually two years behind Cardano given the fact that they have to invent many of the protocols which Cardano has already developed.”
If Ethereum developers don’t create protocols that will help it reach serenity soon, it will fall behind and surrender its position to Cardano. While this is possible, Ethereum still has more popularity than Cardano making it the first choice for most developers at this time.