Popular cryptocurrency analyst Lark Davis has weighed in on whether Cardano (ADA) is the “Ethereum killer” some in the cryptocurrency space have been anticipating, as the second-largest crypto by market capitalization’s scaling solutions haven’t yet been rolled out.
In a new video, first spotted by Daily Hodl, Davis explained that the Ethereum network is currently the frontrunner as it’s “maintained by the largest decentralized development community in the blockchain space,” and is “way ahead” when it comes to developers working on it.
Per his words, ETH is so “far ahead of the other smart contract platforms” looking at developer activity is “barely even relevant” because of its supremacy. Its upgrades over time have, however, been reactive instead of proactive:
Basically Ethereum’s approach has been to fix things as they go wrong or need improving. There have not been any real significant upgrades made to the network in a few years.
Davis added Ethereum is in the process of undergoing its “biggest upgrade” in its history, Ethereum 2.0. The upgrade will drop Ethereum’s Proof-of-Work (PoW) consensus algorithm in favor of a Proof-of-Stake (PoS) consensus algorithm.
The Beacon Chain, the first phase of the upgrade to Ethereum 2.0, has already been launched. It’s a PoS blockchain that runs alongside the original Ethereum PoW chain, making sure that there is no break in the continuity of