The answer to Vitalik Butenrin, who mentioned that Ethereum will become an ecosystem similar to Bitcoin, with a share he made on Twitter in the past days, came from the founder of Cardano.
Charles Hoskinson, a member of the team that first developed Ethereum and later left and founded Cardano, responded to Buterin with a series of tweets he published.
“It is not too late to come to Cardano,” Hoskinson said, urging Buterin to leave Ethereum and come to Cardano.
Vitalik Buterin talks about his own dilemma in his tweet series. Buterin states that while he wants Ethereum to turn into a Bitcoin-like ecosystem, on the other hand, he is dealing with many current changes and updates.
Ethereum (ETH) co-founder Vitalik Buterin harshly criticized unsecured and unstable algorithmic structures such as UST, whose mechanism offers arbitrage opportunities to users when its constant is broken, on Twitter. Buterin said that algorithmic stablecoins have become a propaganda term that is tried to be legitimized by being equated with collateralized fixed assets like RAI/DAI.
As it is known, Cardano was launched as a PoS blockchain network in 2017 by Hoskinson, who left Ethereum. Cardano ADA coin ranks 7th in the cryptocurrency market with a market cap of $19.8 billion.
Latest Status on Cardano Price
After the withdrawal on the first day of the week, there is a positive trend, albeit low, in general in cryptocurrencies today. The total market cap was at $1.31 trillion by evening hours after seeing under $1.3 trillion yesterday. With the decrease in volatility in the last week, the last 24-hour trading volume continues to remain at the level of 80 billion dollars.
Cardano price was $0.560793 at the time of writing and Cardano (ADA)'s last 24-hour trading volume was $827,786,957. Cardano (ADA) price is down -1.5% in the last 24 hours. There is a circulating supply of 34 Billion ADA coins, with a total supply of 45 Billion Cardano (ADA).