Ethereum and Cardano are two popular smart contract platforms. While the latter is peer-reviewed and led by research, Ethereum enjoys a first-mover advantage and has the largest total value locked (TVL) if decentralized finance (DeFi) is a leading metric.
However, one user on X thinks Cardano is ahead of Ethereum on features. This position was highlighted following a paper released by Ethereum’s co-founder, Vitalik Buterin, on November 14.
Is Ethereum Playing Catch Up With Cardano?
Taking to X on the same day, @JaromirTesar, a Cardano supporter, said Buterin’s paper pointed out liquid staking and touched on the Unspent Transaction Output (UTXO) model complete with a solution that the user thinks is similar to Hydra.
Hydra is a layer-2 scaling solution in Cardano that uses state channels, similar to the Lightning Network (LN) architecture. The goal of this solution, like in layer-2 scaling options in Ethereum like Arbitrum and OP Mainnet, is to increase throughput and lower transaction fees.
Cardano is anchored on the UTXO system, the same architecture used by Bitcoin. However, Input Output Global (IOG), the lead developer of Cardano, overlaid smart contracts, allowing for the deployment of dapps in a scalable, secure environment.
To achieve this, Cardano…
