Topic: Is Cardano smart contract platform better than Ethereum and NEO? - page 5. (Read 3624 times)

It was targeted towards asian investors, I believe predominatly Japanese investors, they said they did so because they thought the western market was saturated. Not bad because the investors that got into Cardano got it at $0.002 so thats a staggering 55x return already. I personally think it won't take very long for its marketcap to go over 10bln and I expect it to be around 50bln in 2019. But thats speculation.

Cardano is undoubtedly a strong project. But how much time does he need to express his full potential. I think for this time ETH will solve the problems with scalability.

I did not know anything about Cardano until this coin started to grow. Then I read and became interested. I liked this project, it's a pity that I did not buy it downstairs, I'll wait for the price drop, but I think it's promising.

Cardano shows good growth in December. But this is a young platform. And while it is too early to say that it can adequately compete with Ethereum and NEO. But I bought this coin, who knows, the product is good enough.

i love the idea that its peer reviewed and its working hard on security, and scalability.. that will be great for mass adoption in the future

The main thing is scalability. It will be king in 2018, with Cardano being a 3rd generation coin it's entire focus is on scaling. ETH and BTC will never be able to compete in this regard.

They do not look like any projects that have been heard or seen so far. I appreciate your efforts to lean over the programming language and to create something original.

I'm thinking of buying soon.

In theory it may be better than ethereum. I don't even need to mention NEO, because it did nothing so far. But, the theories are not enough. We need practical use of cardano on the new projects.

Thanks for a great and really informative post. One thing I disagree with a bit is that I think ETH does have a first-mover advantage. There is a lot of involvement in the EEA, and once companies start to get heavily invested in the success of a project, particularly huge companies, they become reluctant to abandon it even for something that is superior.

I have quite a lot of ETH and some Cardano (slowly getting more). I really like both.

For those of people that seem to think Cardano is a "copy/paste" project of Ethereum, I think you're missing some critical points.

Point #1:

See the post by Monkishrex on the first page of this thread.

Point #2:

Charles Hoskinson. If you don't know the name, you are in no way qualified to weigh-in on the validity of the ADA vs ETH debate. He was a co-founder of ETH. He had an ethical issue with the hard fork splitting ETH and ETC, so he left.... Where did he go you ask? Oh, he started ETH 2.0 and called it Cardano. (This is a simple explanation of what happened, but it sums it up pretty well, IMO) This guy knows the ins and outs of ETH. I tell all my friends this: imagine that you want to build a custom home. You put all the time and the money into designing it and choosing every detail of the house. The problem is that as you build the house, things end up not looking or feeling the way that you had envisioned them to... However, once the home is built, you can look back and see exactly where you would have done things differently if you could do them all over again. Well... That's what Hoskinson gets to do. If you haven't had a chance to hear him speak about Cardano, I'd highly recommend taking 30 mins and browsing YouTube. He's an extremely logical and bright guy that truly has a huge vision.

Point #3:

ADA is what Hoskinson refers to as third generation. Meaning BTC is the first--It is a currency and can simply be used as a medium of exchange/storage of value. It's not designed to do anything more glamorous. ETH is second gen--It can be transferred via smart contracts. ADA now will combine the two. In theory, it will offer a more versatile smart contract platform than ETH, and it will also be able to be used as a currency of payment. There will be a debit card that allows you to link your Cardano wallet directly to it....

Point #4:

Proof-of-Stake transactions. This allows those with the most ADA in their wallets to be trusted the most when verifying blockchain transactions. This allows transfers to be done at a fee of 1-2 cents. Meaning, when I go to Best Buy and buy my new $1k TV, it currently costs Best Buy about $30 in I pay for it with my Visa card. After that, Best Buy doesn't get their money instantly. They have to wait until the end of the month for Visa to reconcile between there debits and credits until they get paid. Oh, not to mention that if I call in to Visa and claim the TV doesn't work and Best Buy won't accept my return, Visa will credit me my money back and no pay Best Buy. (Yes, this is a real life scenario that happens wayyy more often than you'd think)

So, if we do that same transaction with my ADA debit card, it solves all of these problems.... The transaction fee is only 1-2 cents instead of $30. Best Buy gets paid instantly. Since the blockchain is immutable, once I send a payment to Best Buy, the only way I get it back is by them sending it back to me--So there are no worries about chargebacks.

Point #5:

95% of their ICO was purchased by Japanese residents. This is great! It means that a large majority of the coins are in one country (and Japan is a country that to this point has looked very positively on cryptos.) It makes it much more likely that a local supermarket will start accepting ADA as a form of payment when it's commonplace in the community.



Overall, I agree that Cardano is still early it it's development. However, Hoskinson has done this with Ethereum already. Thinking he might not be able to do it again is like watching your buddy run a marathon, and then betting on him not finishing the next one that he runs. I mean, sure, your buddy might cramp up or something, but more than likely he will finish the race if he's proven capable of it on a previous occasion. This project seems like it will be slow, and a bit of a grind, but I feel that it should be. There aren't many real life examples for using smart contracts at this very moment anyway. Being the first platform is not an advantage for ETH. We won't see mainstream smart contract apps really taking off for another 5-10 years probably. Your investment today needs to be based on where you see the platform being at that time. My bet is on Cardano.


Disclosure: I own a lot of Cardano. Some ETH. No NEO.

As it is something new to the cryptocurrency network, it has been gaining more power and when more tokens gets developed upon the same platform the real value of the technology or the smart contracts can be calibrated. Ethereum smart contracts seems to be the best among the altcoins backing technology in my opinion.

Cardano wants to be eth so bad its starting to look sad 
Show it in practice, not just ideas from some whitepaper.

Cardano is simply something very different. The platform of Cardano (ADA) consists of a base layer for handling ADA tokens, and a second layer is used for placing their smart contracts. This crypto has the best future, but I cannot say it is better than NEO or ETH.

iohk is also a research company, other than that they work with Cardano foundation which sponsor zyen.com in some research
i am sure they will find good use cases
its totally speculative now, but its also a high quality technology so it deserves some adoption anyway

It's hard to say, but it could be. As usual, new coins that attempt to enter the market will need to bring something new, in order to have a chance to take out the other well established coins, otherwise there is no point in changing or even trying them. Cardano looks like a legit coin, and they are trying to solve the known issues of the current coins. They have a really good plan, they seem very committed, and their team looks very competent, so I think they are way ahead of neo, and if they manage to deploy everything they are promising, they might be able to compete with Ether.

Still waiting for this, but forget Ethereum and NEO.

How does Cardano stand up to a cryptocurrency platform that truly provides freedom for businesses that choose to build on top of it?

ICO - receive your own native blockchain, not token futures, not fixed onto patent chain
Decentralized Exchange - Atomic Swaps with all coins in the ecosystem
ZK-SNARK - privacy, for EVERY coin in the ecosystem
Security - bonus security measures provided by Bitcoin’s hashrate

Simple and smart contracts are next in line, but they aren’t even necessary for all of these current features. All of this is available today (however, beta testing) in multiple gorgeous GUI’s. We’ve completed over 15,000 atomic swaps, myself included!

I can not find enough information about Cardano's smart contracts nowhere. Do you have as much knowledge as you can? If there is, I must say that this forum is a serious information problem in this regard.

rule 1 about vaporware - it usually stays vaporware for months and years. Then before it gets released more promising sounding vaporware arrives and your investment tanks as you get to pull out after all the insiders who heard about the new better vaporware first.

go for real projects that are already functioning and working well and have been over looked if you are speculating to accumulate more btc only.

Over time, new altcoins that promise to surpass existing ones appear quite frequently, but in reality they only aspire to complement the shortcomings of the leaders without ever aspiring to displace them.

Admittedly, there are altcoins that at least theoretically are technically superior to bitcoin and ethereum (the two heavyweights of the market), but the market of cryptos is very unique and seems to value much the antiquity and the accumulated prestige before its technical deficiencies.

I think that Cardano's greatest aspiration would be to displace NEO, but never to ethereum.

Is the Cardano platform even launched yet? I know that it is supposed to be a platform that will be able to adapt to new situations and therefore be compliant with regulations etc, but all this is theory as of now right? Somehow Cardano is compelling to me, I dont agree that it is better than ETH though. ETH has delivered already, we know what ETH is capable of and a whole ecosystem has formed around the ethereum network. Cardano is still in the early days of its infancy and we will see where this journey is heading to. Im curious and will definitely be watching out for future developments of Cardano.