No one taught Charles Hoskinson the meaning of modesty. And a good thing, otherwise we wouldn’t get these kind of gems. Cardano is often referred to as the next Ethereum, but according to Hoskinson, that’s not quite right. He gives three reasons for this: technology, philosophy and target group.
Ethereum is killing itself, not Cardano
He tells Yahoo Finance that Ethereum is actually killing itself by replacing the current proof-of-work blockchain with Ethereum 2.0, a new variant of proof-of-stake.
Cordano Founder Charles Hoskinson discusses the climate impact on cryptocurrency, pivoting to sustainability, interactions with Mark Cuban and more: pic.twitter.com/pp7XsHsYh7
– Yahoo Finance (@YahooFinance) May 26, 2021
Hoskinson claims Cardano is the industry leader in PoS, and they are leading the pack:
“We lead that battle. We were the first on the market… An engine does not make a BMW a BMW. It’s part of it, but you need a whole ecosystem, a whole collection of things.’
No Ethereum and Bitcoin is slow
The creator of Cardano says Eth 2.0 has slipped on governance, which will make it difficult for the ecosystem to evolve once the founders retire or lose publicity. Hoskinson cited Bitcoin, which he likens to a wood-fired steam engine, as an example of a system evolving far too slowly:
“You have those Bitcoin core developers who desperately want to develop the system: While core developers want to make multiple improvements, such as smart contracts and sidechains, they can’t get anything done.”
Other target group
He also says that Ethereum is less interoperable than protocols such as Cardano, Polkadot, Cosmos who make special provisions for side chains. Finally, he claims that Eth 2.0 and Cardano have even more differences, besides the technique and associated philosophy. Hoskinson is referring to Cardano’s target audience, boasting about his latest successes:
“We’re reaching millions of people to Africa that Ethereum just doesn’t care about.”
From ‘Africa strategy’ is the strategy to boost the adoption of Cardano on the African continent among everyday users and businesses. This strategy is divided into two goals. The first goal is to collaborate with local stakeholders to deliver projects that solve real problems in the market. The second goal is to educate and train local developers to come up with solutions to local problems.
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