Popular market commentary show Coin Bureau recently tackled whether Cardano ($ADA) or Algorand ($ALGO) will emerge as a top Ethereum ($ETH) competitor following John Woods\u2019 move from IOG to Algorand Foundation.<\/p>\n
Speaking in a YouTube video released on July 11 , Coin Bureau host \u201cGuy\u201d told viewers that John Woods, the former Director of Cardano Architecture at IO Global\u00a0(aka \u201cIOG\u201d, formerly known as \u201cIOHK\u201d), the company responsible for Cardano\u2019s research and development, leaving at the end of last month so that he could become the new CTO at Algorand Foundation could have implications for both projects.\u00a0<\/p>\n
As reported by The Daily Hodl, Guy said,\u00a0<\/p>\n
John\u2019s departure seems to have taken the Cardano community by surprise, though die-hard Cardanians will know that John had only joined IOG in October last year to fill in for Duncan Coutts, who\u2019d been away on paternity leave and returned to his post earlier this month.\u00a0<\/p>\n
According to Guy, Woods\u2019 departure could result in the possibility for collaboration between the two projects. He noted a tweet by Cardano\u2019s founder Charles Hoskinson congratulating Woods on the new position and opening the door for partnerships between the rival networks.\u00a0<\/p>\n
However, Guy pointed out that Woods is bringing his knowledge of Cardano to Algorand, which could lead to the latter accelerating its scaling development. According to the Coin Bureau host, both projects have been working on \u201ceerily similar\u201d scaling technologies, including pipelining, that could result in competition in the future.\u00a0<\/p>\n
Guy warned that Cardano could experience a slowdown in development momentum due to the shuffling around of its development staff, but concluded that it would most likely not be that noticeable.<\/p>\n