Dan Gambardello, the founder and CEO of Crypto Capital Venture, recently shared a statement made on his YouTube channel by a Cardano community member discussing Ethereum, the second-largest blockchain platform.
Gambardello is a huge Cardano supporter, and the most of his YouTube videos and tweets about ADA (and occasionally Bitcoin) as well. He described these two digital platforms as “the ultimate crypto power play” in one of his tweets from May. He tweeted on May 10 that he had been acquiring more Cardano and constructing on Bitcoin.
Recently, the Cardano ecosystem has grown as more and more assets (cryptocurrencies, NFTs, and dapps) have been introduced on this Proof-of-Stake blockchain developed by mathematician Charles Hoskinson, an Ethereum co-founder.
Additionally, Cardano already contains meme currencies (a current trend that was sparked by Dogecoin, Shiba Inu, and Pepe Coin). The most well-known of these is Snek, which has experienced significant price increases since it just debuted on numerous important markets.
Cardano has substantially cheaper transaction costs than Ethereum does. Cardano fees recently hit a record high of $1.76 million in total, signalling an increase in network activity. However, Ethereum fees increased even more, reaching $9.16 million.
Additionally, Cardano’s staking system differs significantly from Ethereum’s and permits instantaneous withdrawals of money. In reality, ADA is staked without ever leaving the wallets of holders. These Ethers were locked when Ethereum implemented staking on Beacon Chain a few years ago, and they remained locked until Shapella, a hybrid of Shanghai and Capella, was created in early April of this year.
