Cardano is a decentralized blockchain platform that operates on a proof-of-stake consensus algorithm. It was created to provide a more secure and sustainable infrastructure for decentralized applications and smart contracts. The platform is powered by its native cryptocurrency, ADA, which can be used for transactions and staking.
The topic of whether Cardano will overtake Ethereum has been a hotly debated topic in the cryptocurrency community. Cardano, a newer blockchain platform, has been gaining popularity due to its unique approach to scalability and security. However, Ethereum, the second-largest cryptocurrency by market capitalization, has a strong foothold in the industry and a large developer community. Many experts believe that Cardano has the potential to surpass Ethereum in the future, but it remains to be seen if it can overcome the network effects and established infrastructure of its competitor.