Despite Cardano’s low prices over the past week, there is renewed interest in its new partnerships. Recently, the network forayed its digital focus to Africa. After signing a deal with the Ethiopian government earlier this year, Cardano signed another Memorandum of Understanding (MoU) with the Burundi government.
It was then that Cardano’s Ethiopia-based Atala Prism management solution was on the list of most influential projects for 2021.
Meanwhile, competitor Ethereum, recently executed its Altair upgrade. While the Beacon Strings upgrade has brought the network closer to ETH 2.0, Ethereum is also experiencing a record price increase. Having said that, ETH remained bullish on Friday, as it hovered over the $4,400 levels at press time.
Interestingly, the two smart chains present a strong case in the dApps ecosystem. Cardano recently laid out new certification levels for the smart contract, along with other partnerships announced through its September Summit. Ethereum, meanwhile, is attached to “The Merge” while dominating nearly 68% of DeFi TVL.
Amid the rising interest, digital provider Solodev has also incorporated both the smart chains in its cloud offerings. In a recent post, Solodev said the two main smart chains will enable developers and organizations to build apps that integrate with their cloud and digital marketing services.
Matt Garrepy, Chief Digital Officer at Solodev said,
“By offering Cardano and Ethereum, we’re giving our customers the tools to successfully build with blockchain, accept crypto payments at scale – and own the future.”
The goal is essentially to allow developers to launch DeFi, crypto and NFT offerings on a cloud platform. Also, ADA and ETH will be available on Solodev’s marketplace storefront, to accept crypto payments for its e-commerce transactions around cloud applications.
In the context of utility, Solodev acknowledged that Cardano will allow “faster and cheaper” validation of transactions, while “Ethereum is the # 2 blockchain behind Bitcoin”.
Just last week, Bitcoin also touched an ATH close to $67,000 on the back of increased adoption and launch of future-based ETF. While Bitcoin and Ethereum remain the undisputed top two cryptos on the market cap chart, Cardano may have another edge over these blockchains.
In a recent tweet, Input Output Hong Kong (IOHK) stated that its network uses less energy than the “older generation blockchains.” It remains to be seen if Ethereum can compete with this with its 2022 POS upgrade.
