In line with wallebi, Alonzo project will help Cardano competes with other platforms like Polkadot, Ethereum, Solana, Binance and so on. In addition, It somehow plays a threatening role for other platforms. In this article we are going to find out that which of these two networks that both are still evolving and updating, can win the competition.
Ethereum 2.0 versus Cardano; Serious rivals
Cardano competitor, Ethereum, is trying to solve its scalability issue using ETH 2.0 upgrade. It aims to achieve this goal by migrating from Proof of Work to Proof of Stake.
Regardless of that, Ethereum is updating and troubleshooting its network, Hoskinson believes that Cardano won’t feel any threats from ETH 2.0. In essence, he thinks that Cardano has a more stable Proof of Stake mechanism in comparison with Ethereum. In addition, Cardano has fans that will not easily leave it alone and will always support it at all stages.
It is now Cardano vital days. Hoskinson has stated that the next 90 days are crucial days in Cardano history. He stated:
I do not mean that the Alonzo project will be running on Cardano mainnet in exactly 90 upcoming days, but I mean that these days ahead are very important days in terms of engineering, network integration, coordination and the Cardano community.
In this 90-day period, Cardano will provide a CIP (Cardano Improvement Proposals) that dApps users can have a more user-friendly experience while working with these apps and other Cardano’s network capabilities.