Over 100 Companies to Shift from Ethereum to Cardano

IOHK founder and CEO Charles Hoskinson has revealed that over 100 companies are in the process of moving from Ethereum and Cardano in his recent interview with Bloomberg.

This will become possible when the functionality of the latter “matures.”

As reported by U.Today, SingularityNET, the artificial intelligence firm behind social humanoid robot Sophia, was “seriously discussing” migrating to Cardano.

Yet, despite ADA recently becoming the third-largest cryptocurrency, its parent blockchain is often dismissed as vaporware. As Coin Metrics’s Nic Carter points out, it doesn’t have a single notable application:

I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers.

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