- Ethereum’s Programming Critique: Charles Hoskinson criticizes Ethereum’s programming model, deeming it inadequate and unalterable.
- Cardano’s Progress and Milestones: Hoskinson highlights Cardano’s strides, including Hydra and Mithril deployments, improving network efficiency.
- Diverging Approaches to Scaling: The debate underscores differing strategies in blockchain scaling as Cardano and Ethereum paths diverge.
Charles Hoskinson, the founder of Cardano (ADA), has publicly expressed his disapproval of Ethereum’s (ETH) programming model, labeling it as “unsatisfactory” and indicating that the Ethereum team is unable to make necessary modifications. He further characterized the network’s consensus layer as being in a state of disarray.
It’s getting delusion town now. 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.
— Charles Hoskinson (@IOHK_Charles) August 17, 2023
Hoskinson’s criticisms surfaced on X (formerly Twitter) in response to a prediction made by an Ethereum enthusiast. This individual forecasted that within the next six months, Hoskinson would cease discussing Hydra, Cardano’s newly introduced Layer-2 scaling solution.
Additionally, the Ethereum supporter, known as 0xNLYFANS on X, alleged that Cardano was emulating Ethereum’s development roadmap and was merely a few years behind. When Hoskinson eventually shifts focus away from Hydra, the prediction suggested that he might endeavor to persuade ADA investors that Cardano should emulate Ethereum’s trajectory, according to the pro-Ethereum tweet.
In order for Cardano to attain a comparable level of success to Ethereum’s current standing, 0xNLYFANS recommended six key features that Hoskinson might consider implementing. These features encompassed fee markets, rollups, proof architecture, account abstraction, Babel fees, a fixed finality budget, and enhanced data availability. The final feature was dubbed a “variant of 1559 designed to align with economic sustainability,” a proposition viewed by the originator as politically unattainable.
Cardano Founder Highlights the Network’s Achievements
In response to these audacious claims, Hoskinson underscored several recent milestones and enhancements achieved by Cardano. He noted the successful deployment of both Hydra and Mithril on the mainnet. Mithril, a stake-based signature protocol, was introduced last month as part of Cardano’s mission to enhance network speed and efficiency. Notable aspects of this protocol include expedited node synchronization, heightened security, and decentralized decision-making mechanisms.
Hoskinson also reasserted Cardano’s innovation in transaction management, incorporating tiered pricing and Babel fees. It’s pertinent to recognize that Cardano has maintained a rollup strategy since the inception of the Midnight protocol four years ago. The exchange of viewpoints prompted Hoskinson to reference other Proof-of-Stake networks, which, in his view, are not performing optimally in terms of development.
In contrast to Ethereum, which Hoskinson remarked is grappling with challenges within its own Layer-2 ecosystem, Cardano’s sidechain offers mutual benefits to both Cardano and the sidechain itself. Hoskinson humorously stated, “We’re occupying mental space without rent. I feel sorry for them.”
Hoskinson has long adhered to a tradition of vehemently countering any entity that undermines Cardano’s accomplishments. The American entrepreneur has consistently pushed back against critics, including venture capital firms and cryptocurrency media outlets that have expressed skepticism about Cardano. Simultaneously, he remains committed to acknowledging the network’s successes and significant milestones.
While commemorating these numerous achievements, Hoskinson emphasized that Cardano is a lasting presence. According to data from Santiment, Cardano is presently ranked as the third blockchain exhibiting substantial developmental activity in the past month.