Ethereum’s Vitalik Butterin Acknowledges Cardano (ADA) After Chip Announcement

newslogical.com May 23 2020 14:30, UTC
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Ethereum co-founder, Vitalik Buterin, has acknowledged the outstanding performance and the technology behind Cardano (ADA), 11th largest cryptocurrency in terms of market capitalization.

The co-founder of Ethereum, responding to a follower on Twitter, acknowledged Cardano after he was persuaded to do so.

“I hereby acknowledge Cardano,” Ethereum’s Vitalik Buterin said.

The response, which observers say, attests to the humbleness of Vitalik comes hours after widespread news that Cardano is working on designing a world-class microchip capable of giving crypto a cash-like property.

The crypto-centric microchip according to Charles Hoskinson would allow crypto dealings even in the absence of the internet.

The microchip when launched would have the power of offering a fiat-like transaction to millions of people across the globe.

The microchip is going to be co-developed with the University of Wyoming and would result in bringing diverse experiences once launched.

Cardano said the initiative became necessary after IOHK discovered that there is no microchip that could help the firm in achieving its supply chain use cases that involve the necessity of storing cryptographic keys in microchip.

The works embedded in the microchip are going to be made open to the world for public consumption and will serve a great deal of helps to the world at large.

Cardano Foundation’s Charles Hoskinson was part of the co-founders of Ethereum before he stepped out to design a science-backed blockchain known today as Cardano Blockchain.

With myriads of researches and ideas, Cardano stands out as a major crypto project centered on deep research and scientific attainments.

Cardano has loads of research papers serving as contributions to the fortification of the blockchain space.

Recently the platform said it has published over 60 peer-reviewed academic papers with 5 centered on Z-cash-based zero-knowledge proofs privacy feature known as zk-SNARKs, the idea behind Zcash (ZEC) blockchain technology.

No wonder Cardano is being referred to as a research-focused blockchain platform, IOHK, the company overseeing the Cardano platform has close to 30 researchers across the world with seven of them been professors in reputable universities across the world.


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