Is ADA based on Ethereum?

It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA. Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson. The development of the project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland. … Cardano (blockchain platform) Original author(s)Charles HoskinsonWebsitecardano.orgCardano (blockchain platform) – Wikipedia en.wikipedia.org › wiki › Cardano_(blockchain_platform)

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Can Cardano replace Ethereum?

Despite this fall in price, experts believe that Cardano could rally to a new all-time high in 2022. Optimistic crypto investors think Cardano will eventually be an Ethereum killer , becoming the second cryptocurrency despite the huge price difference between it and Ethereum.

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Can ADA beat Ethereum?

Going forward, the prominence of ADA-USD is only expected to grow. Some analysts have even forecast that Cardano will eventually surpass Ethereum as the leading blockchain technology for decentralized finance and smart contracts, as well as NFTs.13 Oca 2022

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Should I buy ETH or ADA?

If you like the relative security of a more established platform, Ethereum is probably the better choice . Of course, both Ethereum and Cardano could either move much higher or sink over the coming months. Each of these cryptocurrencies offers a high-risk but potentially high-reward proposition.13 Ara 2021

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