Quantstamp, an organization that has been auditing Cardano’s (ADA) code base for the previous two months, believes that after the Shelley hard fork, Cardano will path solely Ethereum (ETH) as a sensible contract platform, dwarfing its arch-rival Tezos (XTZ).
Cardano’s code base “among the best”
Quantstamp CEO Richard Ma advised Cointelegraph that in his opinion, Cardano has among the greatest code in all the blockchain area. He believes it’s on par with ETH 2.0’s Prysm:
“It’s clear they’ve put a whole lot of inside effort to solidly take a look at and correctly engineer the code and it’s actually proven via the sleek launch. We additionally just lately audited prysm from eth 2.Zero and we might say that by way of high quality, much like prysm, it is likely one of the greatest codebases we now have seen.”
Discussing the current Shelley exhausting fork, Quantstamp communications supervisor, Jaye Harrill, advised Cointelegraph that by the top of 2020, they anticipate Cardano to be second solely to Ethereum in recognition as a sensible contract platform. Harrill additionally feels that Cardano “dwarfs” Tezos as a proof-of-stake blockchain:
“The transfer to the Shelley period means Cardano would be the second hottest good contract platform, second solely to Ethereum by the top of the yr. As a proof of stake system, it now dwarfs Tezos”.
Hoskinson: good contracts & native property are coming quickly
Earlier at present, replying to EOS (EOS) founder Daniel Larimer on Twitter, Cardano founder Charles Hoskinson acknowledged that by the top of the yr, good contracts and native property are coming to the platform together with low latency:
Lately, developers have built nearly all of their decentralized functions on Ethereum. Nonetheless, if issues go in accordance with Hoskinson’s plan, Cardano might quickly instantly problem Ethereum’s dominance within the trade.