ETH Or ADA? Over 100 companies want to switch from Ethereum to Cardano

Cardano (ADA) has been one of the top performers in the crypto space in recent months. Charles Hoskinson, co-founder of the blockchain project, has now revealed promising details about the future of the project in an interview.Even after the Goguen Mainnet Launch , which took place in early March, there are only a few projects that use Cardano — but that should change soon. It should be possible to program smart contract applications on Cardano this year.In addition, Charles Hoskinson announced in an interview with Bloomberg that many companies are already thinking about migrating from Ethereum (ETH) to Cardano:More than 100 companies are “in the pipeline” that want to switch from Ethereum to Cardano when its functionality is fully developed.For example, planning the team of SingularityNET that behind the development of the AI robot Sophia is switching to ADA. SingularityNET is a blockchain technology-based marketplace for applications in the field of artificial intelligence. Since the project wants to scale in the foreseeable future, the team is currently discussing a switch to the Cardano blockchain.Nevertheless, there is also criticism of Charles Hoskinson’s blockchain project. Nic Carter, co-founder of the crypto analysis company Coin Metrics, emphasized that there is not a single application of note on Cardano at the moment:am not aware of a single popular application being deployed on Cardano, nor have I seen any enthusiasm for the platform among developers.Therefore, it is a mystery to him why ADA has become so popular in recent months. However, he suspects a connection with the expectation that ADA could displace Ethereum in the foreseeable future.Many investors could therefore currently put their hopes in Cardano as a future innovation center for smart contract applications. Many investors have high expectations, especially when it comes to the two much-hyped topics Decentralized Finance (DeFi) and Non-fungible Token…