Cardano’s Charles Hoskinson openly condemns Ethereum and EOS

Charles Hoskinson, the founder of Cardano, condemned Ethereum’s and EOS’s approach to development in an interview with Fortune’s Balancing the Ledger.

Cardano is a decentralized public Blockchain project which is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of scientific philosophy and a research-first driven approach.

Ethereum and EOS are Cardano’s competitors. Hoskinson was the co-founder of Ethereum. Due to clashes over the organization’s overall direction, he was ousted in 2014.

During the interview, Hoskinson proclaimed that Cardano publishes all its code open source and free from patents for easier access and incorporation by other teams. This feature is essential to create a  blockchain ecosystem for everyone’s participation.

Hoskinson stated that Ethereum’s and EOS’s approach to development has been more closed and is different from Cardano’s.

“This is a stark contrast to the development you see with things like EOS or with Ethereum with Casper, where they kind of adopt this lone samurai viewpoint. Wherein one brilliant founder, whether it be Dan [Larimer, co-founder of EOS] or Vitalik [Buterin, co-founder of Ethereum] will lead a small group of crack engineers to somehow innovate and solve a big problem. Nothing gets done that way.”

Hoskinson’s disinterest in Ethereum shouldn’t seem a surprise as he clearly still holds a grudge against Ethereum’s other co-founder Vitalik Buterin. 

Hoskinson says:

“This is the first time ever where we’re flirting with the idea of a corporation without a CEO or a country without a president, That is a very big challenge and it’s something I think will consume the majority of the 21st century for the cryptocurrency space.”

One of the most important aspects of a public Blockchain is governance, even though the projects may have decentralized mining process like Proof of Work or Proof of Stake the code that is shipped by developers is still somewhat centralized and is a major challenge to overcome.

Charles sees a need for a “Bluetooth or Wi-Fi moment.” in public Blockchains where open standards are set in the industry where devices can easily sync up with each other. But we all know it is next to impossible to get Crypto folks to agree on fundamentals.

“We’re not going to get there”—meaning, make blockchains as impactful as consumer electronics—”in the financial industry unless we have good standards to move value and information between all these different ledgers,” he says.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Shreya Garg

Share
Published by
Shreya Garg

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago