Wednesday, May 5, 2021

Charles Hoskinson Explains Why Cardano Is Better Designed Than Buterin’s Ethereum 2.0

The CEO of IOHK, Charles Hoskinson, who created Cardano (ADA), has recently explained why Cardano is better designed than Vitalik Buterin’s Ethereum 2.0.

In a new interview with Ben Armstrong, founder of BitBoy Crypto, Hoskinson said both Cardano and Ethereum have the potential to be successful, but Ethereum 2.0 is a little bit risky and difficult to implement. He added that the two projects are different in terms of scale and model.

Read Also: Charles Hoskinson: $44B worth of Miners About To Get Fired By Ethereum Are Welcome To Mint ETC

Charles Hoskinson noted:

“We chose drastically different scale and model… both of them have a potential of working but Vitalik’s (Ethereum 2.0) is a little bit risky from an engineering research viewpoint, it may become difficult to get it fully rolled out.”

According to Hoskinson, Ethereum 2.0 is too complex, which makes him doubt if such a complex system could later result in high throughput and scalability.

“…its science is not good yet… there are viability and other problems. So, it’s much more complex (compared to Cardano). Then it’s not clear to me how that much more complex system is going to result in high throughput and scalability.”

In the course of the conversation, Hoskinson pointed out that one big issue Ethereum is facing currently is lack of governance, “They still have a big issue of governance, there is no on-chain governance system”

He also argued that Cardano has a better and realistic approach to bring new developers for smart contracts.

Read Also: New Version of Daedalus for Cardano (ADA) Mainnet Released With New Feature and Fixed Issue

The CEO of IOHK added that “From a testing and correctness viewpoint, we win because we embraced formal methods. I think we win from a diversity viewpoint because we brought non-blockchain developers into the crypto space. We talked about off-chain and on-chain modules much better than they talked about it. We have a better solution in that respect.”

Aside from the points mentioned above, there are other points mentioned by Hoskinson to prove that Cardano (ADA) is better designed than Vitalik Buterin’s Ethereum 2.0.

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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