Cardano (ADA) is presently at $0.1032.
On Sunday, Cardano’s founder Charles Hoskinson released new updates about Goguen. The Goguen era represents a big step forwards in capability for the Cardano network. Where the Shelley era decentralizes the core of the system, Goguen adds the ability to build decentralized applications (DApps) on Cardano.
Goguen is also ushering in the ERC20 token converter, which will permit companies to translate from Ethereum’s blockchain to that of Cardano. Hoskinson maintained that the project would launch Cardano into being a multi-asset system while allowing users to create their personalized tokens.
The CEO referred to Goguen as a far superior standard to Ethereum. Hoskinson was originally one of Ethereum co-founders before leaving in 2014.
Cardano has been one of the most keenly awaited competitors in Ethereum for some time. Earlier this year, Cardano’s Shelley update had created much buzz for the Cardano network with the introduction of staking resulting in significant price action for ADA token. However, like Ethereum 2.0, the Cardano upgrade is on a long term scale. There are five eras with Shelley being the 2nd era, Goguen era follows subsequently ushering in smart contracts.
In contrast to Ethereum 2.0, Cardano will ultimately operate an on-chain governance model. A Quantstamp source recently stated that he believes the project will consequently surpass the other major on-chain governance platform, Tezos, becoming second only to Ethereum as the smart-contract platform of choice.