Charles Hoskinson, founder, and CEO of IOHK has divulged that more than 100 companies are currently in the process of shifting away from Ethereum to Cardano. This will become a reality when the functionality of Cardano will “mature[s].”
One of the companies, SingulairyNET, the A.I. firm responsible for the social humanoid robot Sophia, is “seriously discussing” moving to Cardano.
But, even if ADA (its parent blockchain) has recently managed to become the third-largest cryptocurrency, it is still seen by many as just vaporware. As Nic Carter from Coin Metrics mentioned, Cardano doesn’t have even one notable application.
“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Carter.
Hoskinson is trying his luck at DeFi, so his comments are clearly about him wanting to become number one.
“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost.”
After all, Cardano was created following a squabble with the developers of Ethereum. He also made some bold remarks about Uniswap, the largest DEX, and CryptoKitties, as well:
“I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”
Hoskinson doesn’t just want to defeat Ethereum in DeFi, but he actually plans on running whole countries using the blockchain he’s created.