Ethereum Maximalist: “This Altcoin Is A Zombie!”

Popular Ethereum maximalist Evan Van Ness, once again mentioned the Cardano blockchain on his Twitter account, calling it a “zombiechain”, referring to the low number of transactions on the network and even comparing it to Uniswap. Ness noted that Uniswap does a lot more transactions than Cardano.

The Ethereum maximalist also brought up the valuation of the two networks. According to the data provided, Uniswap is valued at around $6 billion, cardanoIts value is around 20 billion dollars. However, the valuation doesn’t help ADA make up even half of the fees that Uniswap does. As we have reported, we would also like to point out that the revenue of the network mostly consists of transaction and interaction fees. While Cardano generally aims to bring a cheaper and more scalable experience to users, Ethereum-based projects can sometimes offer extremely expensive transactions when the blockchain is under a heavy load.

The community, on the other hand, rejected the criticism, stating that the comparison is incorrect because Uniswap and Cardano use different models. The eUTXO model is considered more robust compared to the account-based model, which requires a state machine to determine the status of an account at any given time. However, the main disadvantage of the eUTXO model is its inability to fit multiple transactions into a single block, which is a crucial feature for decentralized applications and services.

Van Ness defended his criticism, adding that the cheapness of the network was only possible due to its “centralized” nature and empty blocks. However, Cardano EthereumIt is not possible to say objectively that it is more central than .

As, a single entity claiming to be decentralized while controlling more than 30% of the entire network actually has some dangerous signs of centralization. we talked about.

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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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