Which of the two projects is better?
There is obviously no answer at the moment. They are both very promising, but they still need to be improved. Cardano, at first glance, gives the impression that in the next few years it will be better in several respects, but this feeling may soon fade away. The arrival of Ethereum 2.0, if it respects expectations, could prove to be truly revolutionary and perhaps definitely outclass cardano blockchain.
Nobody knows what will happen, therefore, as usual, we must be very cautious in investing in these two cryptocurrencies.
Cardano: future of the project
The Cardano roadmap is divided into 5 phases, all named after the names of writers or artists: Byron, Goguen,Voltaire, Shelley, bash. At the moment, the first two phases have been completed, which involved the foundation with the support and experts from all over the world and the start of a decentralization process.
Now we are therefore in the very important Goguen phase, which involves the introduction of smart contracts. These will then become one of the main functions of Cardano and if their launch is successful they could greatly help the diffusion. I am currently a bit late with the release of smart contracts which was supposed to take place at the end of 2020, hopefully it will arrive soon. In the Goguen phase it will then be possible to create cryptocurrencies based on the Cardano blockchain, another fundamental step.
In the 4th phase, called Basho, it will be possible to start making transactions with other blockchains, as I explained earlier. This will improve scalability, speed and interoperability. All of this should become a reality by 2025, when we enter the new phase: Voltaire.
The final period where users will begin to have the possibility to vote on proposals and changes to be applied to the network. However, this is not necessarily a good thing. In fact, many of the owners of Ada are absolutely not experts in the sector and when they have the right to vote they could opt for the wrong measures, with the risk of penalizing the network. In addition to this, in this phase Cardano will become a completely decentralized project and will definitively detach itself from the control.
Cardano is a very promising project and over the years it could grow and develop a lot. But we are still at the beginning. At the moment it can be exploited in very few ways and it will take several years before it becomes a reality in all respects. It is still fully under development, so its success or failure will depend on the skills of the developers. Investing in Cardano therefore means to have blind faith in the team working on its development.