Ethereum or Cardano
Why not Both?
Would you rather have a whole bunch of Ethereum or Cardano? For me, that was a pretty difficult choice, so I chose both!
About 3 months back, I decided to buy a lot of crypto anticipating the upcoming bull run. At the time, I knew Ethereum had 2.0 coming and Cardano had the Shelly hardfork as well. It was so hard to decide which one would provide me the best ROI so I basically split my holdings 50/50.
So far, this proved to be a smart move since I wasn't planning on swing trading or anything, just holding. Cardano has actually done better to date, going up about 3x. While Ethereum has still done me very well going up about 2x (not quite exactly).
Ethereum Fundamental Analysis
I have briefly described the upcoming Ethereum upgrade to ETH 2.0 in my Hive post yesterday. To explain simply - dividends are given to stakers.
Currently the network is PoW (proof of work), similar to bitcoin whereby the authenticity of transactions requires miners; however, on it's transition to ETH 2.0 all transactions will be authenticated by all the stakers of the new PoS network.
What This Means...
Under this new model, the Ethereum 2.0 network will create incentive for all ETH hodlers to stake their tokens in wallets as opposed to trading on the exchanges.
Naturally this will lead to less volume being available on the market and should help drive the price further expanded by FOMO from the bull run we're currently experiencing.
Since the upgrade is not out yet, and we're currently only in test-net, there is huge HYPE potential here and for me is a nice opportunity to 'hopefully' see some positive returns.
Cardano Fundamental Analysis
First, here are a couple previous posts I've done on Cardano if you are starting from scratch.
- Why Cardano is in fact the ETH Killer
- Cardano Coin Review - Will ADA Prices Reach $1 In 2019? Is This The 3rd Generation Blockchain? Let's Discuss!
I'll go into a little more depth in this review of Cardano, since I would assume most people are familiar with Vitalik Buterin, I'd like to focus on who the founder of Cardano is.
3 Pillars of Cardano's Community
- Cardano Foundation
Charles Hoskinson IOHK
Charles used to be part of the Ethereum team but split off in June 2014. After leaving that team Charles went to start IOHK.
Since that time Charles still currently serves the Cardano blockchain through IOHK. IOHK is on contract if you will, to build the infrastructure of Cardano's running blockchain to include the most recent Shelly hard-fork upgrade.
One important thing to note about IOHK is the team actually includes the person who invented the Haskell programming language, Philip Wadler - see source
The Cardano foundation is in most simple terms, the governance community. This community is the heart of Cardano much like other blockchains with huge communities: Tron, EOS, ETH
Emurgo serves Cardano for the larger opportunity the new blockchain can bring to B2B markets such as: Supply Chain, DAPP Development, etc.
Hard to Chose?
Like I said in the beginning I decided to go 50/50 on my holdings of Cardano and Ethereum, so now that you've done more of a deeper dive yourself, maybe you'll understand why I chose to do so.
Hopefully this post helps show readers why I'm such a huge fan of Cardano too!
Trust me, I understand the hype right now is mostly with Ethereum but you should understand why I thought it'd make sense to make a comparison with Cardano in my fundamental review of each blockchain.
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