According to Cardano Founder Charles Hoskinson, there is room for multiple smart contract platforms on the market. “I think there is definitely room for a few strong projects in the market,” Hoskinson said in an interview recently.
Underlining the coexistence of several large technology companies such as Google, Apple, and Microsoft, Hoskinson pointed out that Ethereum, Cardano, Polkadot, and others can coexist. These projects could together serve a large application ecosystem that he claims will be a multi-trillion dollar industry.
Cardano, Polkadot, and Ethereum are often challenged against each other in the cryptocurrency community, while Cardano and Polkadot are often referred to as the ‘Ethereum Killer.’ Despite the high transaction fees in the Ethereum network and scalability issues currently in fairly new stages, Ethereum remains the dominant network.
Ethereum advocates argue that this is an indication that it is already showing the market’s preference. Hoskinson is not interested in this issue, as he thinks Cardano and Ethereum focus on different features.