Cardano’s Charles Hoskinson Takes a Swipe at Ethereum, Referring to its Programming Model as Terrible

Cardano’s Charles Hoskinson Takes a Swipe at Ethereum, Referring to its Programming Model as Terrible
фото показано с : zycrypto.com

2023-8-23 22:04

As comparisons between Ethereum and Cardano continue to percolate in the digital asset ecosystem, Cardano’s founder Charles Hoskinson has stepped in to defend his project from critics.

On August 16, X user WhaleChart quizzed followers on whether or not Cardano will ever become a worthy competition to Ethereum, prompting a wave of responses. A response from OxNLY.arf claimed that Cardano is merely following Ethereum’s road map, and within six months, Hoskinson will ditch the entire concept of Hydra.

In 2020, Cardano unveiled plans for Hydra as a layer two solution for the network to improve its speed and scalability using sidechains.

Responding to OxNLY.arf predictions, Hoskinson reeled out Cardano’s innovations, noting that Hydra has achieved a mainnet launch as it continues to experiment on novel ways around transaction fees.

“It’s getting to delusion town,” said Hoskinson. “Hydra is live on mainnet and evolving fast. Mithril is live as well and the first step towards a rich DA and light client strategy. We already designed a significantly better way of handling transactions via tiered pricing and Babel fees.”\

Hoskinson’s response took swipes at Ethereum’s programming model, poking holes at the dominance of its layer 2 solutions. He stated that with Hydra, Cardano’s side chains will offer many benefits to Cardano in a symbiotic relationship.

“Meanwhile Ethereum has a dumpster fire of a consensus layer, has a terrible programming model that they can’t change, and are getting eaten alive by their own layer 2 ecosystem,” said Hoskinson. “We are living rent-free in the maxi minds. I pity them.”

Cardano has received flak from critics over the slow pace of its development and the perceived lack of use cases. Hoskinson had previously stated that it would adopt a slow-and-steady approach toward development to avoid major pitfalls.

The project’s founder cites data from Cardano Scan as proof that the ecosystem continues to buzz with activity. At the moment, Cardano’s blockchain processes an average of 60,000 transactions daily compared to Ethereum’s over 1 million transactions in a 24-hour period.

Cardano continues to trade sideways

ADA trades at $0.266 as it continues its sideways trading pattern for over a week. Onchain analytics indicates that ADA whales are adding to their holdings en masse, bringing their holdings to a near 12-month high.

“As Cardano sits just above $0.2, whales and sharks holding between 100K-10M $ADA have accumulated back to their highest level since September 2022,” said Santiment. “Additionally, on-chain transaction volume has been rising nearly every week for the past 6 months.”

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 1.1832 (-2.44%)
Объем 24H $6.018b
Изменеия 24h: 0.24 %, 7d: 26.75 %
Cегодня L: $1.1832 - H: $1.2128
Капитализация $41.513b Rank 8
Цена в час новости $ 0.2677 (341.99%)

cardano ethereum charles hoskinson ecosystem founder asset

cardano ethereum → Результатов: 126


Фото:

Ethereum и Cardano остаются самыми активно разрабатываемыми протоколами блокчейна

Ethereum и Cardano занимают первое и второе место по числу активных разработчиков, при этом Cardano превзошел Ethereum по среднему количеству предложений в репозиториях Github в месяц.

2021-9-10 12:31


Американский конгрессмен купил Ethereum и Cardano на растущем рынке

За последние месяцы член Палаты представителей США от штата Алабама Барри Мур приобрел активы в Dogecoin (DOGE), Ethereum (ETH) и Cardano (ADA), следует из его отчета о раскрытии торговых операций. Согласно поданному 2 июля 2021 года документу, 5 мая конгрессмен инвестировал в Ethereum, затем последовали покупки Cardano 10, 11 и 13 числа. 13 июня Мур приобрел Dogecoin. […]

2021-7-7 12:46


Фото:

Ethereum Co-Founder Reveals Why He Is Incredibly Bullish On Polkadot & Cardano

Ethereum co-founder Anthony Di Lorio has revealed he’s a big fan of both Polygon and Cardano and is confident in both their futures on the basis of their creators’ reputations. Having been part of Ethereum’s development, Di Lorio is quite familiar with Polygon founder Gavin Wood, as well as Cardano creator Charles Hoskinson. The entrepreneur […]

2021-6-13 15:40


IOHK Unveils ERC-20 Converter Tool for Testnet, Allowing Ethereum Tokens to Migrate to Cardano

Popular ‘Ethereum killer’ Cardano is on the march again, and this time it is focusing on creating a token bridge between Ethereum and its network. Cardano Releases ERC-20 Converter In a Monday release by project manager Francisco Landino of Input-Output Hong Kong (IOHK), the development arm of the Cardano project, said that the forthcoming Alonzo […] The post IOHK Unveils ERC-20 Converter Tool for Testnet, Allowing Ethereum Tokens to Migrate to Cardano first appeared on BitcoinExchangeGuide.

2021-5-19 22:14


IOHK CEO doesn't expect those who are still 'drinking from the Ethereum Kool-Aid’ to join Cardano

Earlier this month, Galaxy Digital founder Mike Novogratz expressed curiosity about an increasingly popular altcoin – Cardano [ADA]. In addition to seeking out information, Novogratz admitted thaThe post IOHK CEO doesn't expect those who are still 'drinking from the Ethereum Kool-Aid’ to join Cardano appeared first on AMBCrypto.

2021-3-30 17:30


Cardano (ADA) Founder Sheds Light on Ethereum Classic

Cardano (ADA)–Cardano and IOHK Founder and Ethereum co-founder Charles Hoskinson has had a substantial impact on the direction of cryptocurrency. From his position in getting the second-ranked cryptocurrency by market capitalization up and running, to his creation of the Input-Output Hong Kong organization, which created Cardano ADA, Hoskinson has had has finger on the developmental […] The post Cardano (ADA) Founder Sheds Light on Ethereum Classic appeared first on Ethereum World News.

2018-7-30 22:25


Cardano Price Analysis — The intellectual’s blockchain

Cardano (ADA) has remained top-of-mind for many crypto investors despite a challenging first half of 2018. By the end of Q3 this year, it promises to be the first digital asset to deliver a truly decentralized Proof-of-Stake consensus algorithm, and with other unique features aims to challenge Ethereum's dominance of the smart contract hosting ecosystem.

2018-7-6 08:33


Создатель криптовалюты Cardano выступил в лондонском офисе Google

Соучредителя Ethereum и создатель криптовалюты Cardano Чарльз Хоскинсонрассказал о перспективах ADA в лондонском офисе Google. Сообщение Создатель криптовалюты Cardano выступил в лондонском офисе Google появились сначала на Freedman.

2018-7-1 00:07