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Tron Weekly

08/26/2023

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Ethereum Advocate Stirs Controversy, Takes A Swipe At Cardano

You are here: Home / News / Altcoin News / Ethereum Advocate Stirs Controversy, Takes A Swipe At CardanoThe rivalry between Ethereum and Cardano supporters is no secret, as passionate communities on these two...

Ethereum Advocate Stirs Controversy, Takes A Swipe At Cardano

You are here: Home / News / Altcoin News / Ethereum Advocate Stirs Controversy, Takes A Swipe At Cardano

Ethereum

The rivalry between Ethereum and Cardano supporters is no secret, as passionate communities on these two blockchain platforms consistently engage in playful banter. Recent attention has shifted towards the prominent Proof of Stake blockchain, especially following the impressive performance of its newly launched Layer-2 Base, which outshone Cardano in terms of Total Value Locked [TVL].

Evan Van Ness, a central figure in this discourse, took the opportunity to provoke Cardano enthusiasts with a tweet. He stated that a new and nascent Base had already surpassed its larger rival in mere weeks of its launch.

With a tinge of scorn, Van Ness labeled Cardano a “zombie chain,” referencing DeFiLlama data that ranked the layer-1 blockchain a modest 14th with $163.55 million, while Ethereum stood far ahead at $21.604 billion TVL. Meanwhile, the Layer-2 network commanded an impressive $193.56 million, enjoying a $30 million lead.

Base Outpace Ethereum In TPS

Not only that, a remarkable feat was the record-breaking average of 15.88 transactions per second [TPS] achieved within the last 24 hours, propelling Base above Ethereum and bigger Layer 2 competitors like Arbitrum and Optimism, according to analysis by L2Beat.

Coinbase’s brainchild, Base, introduced earlier this year in collaboration with Optimism, operates as an Ethereum L2 chain. Positioned atop the Ethereum blockchain, Base and similar Layer 2 networks are designed to enhance scalability, expedite transactions, and lower gas fees, all while maintaining security and decentralization.

In contrast, Cardano’s moniker “ghost chain” isn’t new—a term used to describe blockchains with minimal activity. The narrative resurfaced again in early August, when non-fungible token [NFT] sales on Cardano experienced a decline. Responding in his trademark fashion, Cardano founder Charles Hoskinson swiftly countered the claim with a cartoon gif of a person dancing and impersonating a ghost while covered with a white sheet with the comment “Ghostchain gonna Ghost.”

He also shared a tweet from user TapTools, presenting a case against the “ghost chain” characterization on August 1st. As of now, Hoskinson has not yet reacted to Ness’ tweets. It will be intriguing to observe how he addresses this situation in his response this time around.

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