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Cardano: Preferred Ethereum Alternative

Cardano Beats Solana And Bitcoin As Most Preferred Ethereum Alternative

By Newton Gitonga – January 15, 2022

Cardano has emerged as the most preferred ETH alternative for transactions and savings by crypto users around the globe.

This is according to a Twitter poll conducted by Vitalik Buterin on Friday asking which cryptocurrency Ethereum users would prefer if they woke up in 2035, and 80% of all transactions plus savings in the world are in one currency that is not ETH.

In the first Poll, the Ethereum Co-Founder laid out four currencies namely Bitcoin, Cardano, Solana, and USD. In a moment of truth for Bitcoin and Solana users, Cardano emerged as the most preferred cryptocurrency receiving 42% in upvotes compared to Bitcoin’s 38% and SOL’s 13.1%. Only 6.5% of his followers believe USD will still be in place in 2035.

In the Second poll, Tron emerged as the most desired cryptocurrency reaping 51% of the votes followed by BNB at 28%. NEO followed closely 21.8% with CNY getting a 4.1% upvote.

The tweet sparked a lot of reactions with most responders shilling their projects. Dogecoin’s promoter Matt Wallace expressed his disappointment at Vitalik for not including the meme coin in the poll, hours after Tesla added DOGE as a payment option for its merchandise.

“The ironic thing is that Dogecoin actually is the future crypto of earth even though it is not even an option in this poll,” he lamented

Others like Tron’s founder Justin Sun and Anndy Lian preferred to take a center ground pushing for the co-existence of various coins.

“I hope It will be TRON, Ethereum, and BNB all co-existing together in 2035! I believe a multi-chain future BTT is trying to build! Connecting TRON, Ethereum, and BSC!” Tron Said.

ADA’s upper hand is, however, not farfetched. While Bitcoin is largely considered a store of value with no clear use cases, Cardano has been making strides in the blockchain field through its smart contracts handling mechanisms. The network’s ability to record and store data has also pitted it against rivals, with most industries adopting its technology.

Cardano’s eco-friendly profile also attracted a lot of admiration and while it may seem little, Bitcoin is already grappling with environmental issues while other cryptocurrencies including Solana are yet to spell out any environmental projects.

Tron on the other hand has been hailed for its smart contracts and Defi capabilities, enabling users to freely publish, own, and store data and other content. Unlike its rivals, TRON’s scalability and consistent reliability have enabled the network to process transactions at a high rate via high-throughput computing.

Further, its tokens can be in transactions and confer various rights such as voting, factors that further speak to issues such as the high USDC supply on the network.

DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by Newton Gitonga and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

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