Charles Hoskinson: Cardano has a greater PoS method than Ethereum – CoinGape

Cardano’s founder Charles Hoskinson said in an interview that Cardano has a better Proof-of-Stake (PoS) approach than Ethereum. Charles Hoskinson shared his insights on Cardano launch, Vasil hard fork upgrade, Dapp rollouts, LACE Lite wallet, decentralization, CBDC, Metaverse, etc.

Cardano’s Vasil hard fork was successfully triggered on September 22 at 21:44 UTC by the IOG/Cardano Foundation team. ADA price surged over 4% after the upgrade went live.

Charles Hoskinson claims Cardano is better than Ethereum

Cardano founder Charles Hoskinson answered questions about Cardano, Vasil hard fork and the latest developments related to the Cardano ecosystem in an interview with Cheeky Crypto on Vasil hard fork day.

Charles Hoskinson said the need for a programmable Layer 1 blockchain, since Bitcoin has no programmability, prompted him to work on Ethereum. However, Ethereum has been like a proof of concept and it lacks scalability, which prevents its use in enterprise and government-scale applications. In fact, people pushed off-chain developments like Alchemy and Amazon for web3 projects.

Ethereum needs to have a better PoS system and programming model for off-chan and on-chain to work seamlessly. Hoskinson believes that Ethereum’s PoS model tends towards “hypercentralization” and the staking economy is weak. It inspired him to build the Cardano ecosystem in 2015 with a better PoS model, decentralization, and economics.

“We had to invent a whole new way of Proof of Stake, which is great because it’s self-custody and you didn’t have tokens locked or anything like that. So you can move your money at any time and don’t have to trust anyone.”

Cardano now has more than 3,000 stake pools and increasing decentralization mechanisms. Also, it has a GitHub community, 1000+ upcoming projects, 150+ articles and 10,000 citations.

Ethereum needs to have a better design and move in the right direction. Also, it is unusual for two addresses to account for 46% of blocks after merging.

The Vasil hard fork introduces features including Plutus v2 scripts, diffusion pipelining, reference inputs, inline data, reference scripts, and data serialization primitives. It will improve the functionality, performance, scalability and interoperability of the Cardano network.

Charles Hoskinson also criticizes the CBDC concept that gives governments more power. He claims that if people like SEC Chairman Gary Gensler were empowered, there could be a mega bear market.

ADA Price Jumps After Vasil Hard Fork

Cardano (ADA) price jumped higher after Vasil hard fork. ADA hit a 24-hour low and high of $0.446 and $0.479, respectively. Experts believe that a move above $0.55 will be bullish for ADA price and propel the rally towards $1.

At the time of writing, Cardano price is trading above $0.46, up almost 5% in the last 24 hours. This is how Cardano price could move after the Vasil hard fork.

Varinder is a technical writer and editor, technology enthusiast, and analytical thinker. Fascinated by disruptive technologies, he has shared his knowledge of blockchain, cryptocurrencies, artificial intelligence and the Internet of Things. He has long been associated with the blockchain and cryptocurrency industry and is currently reporting on the latest updates and developments in the crypto industry.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication assumes no responsibility for your personal financial loss.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Cardano (ADA) is listed by the Swiss Crypto Asset Administration Service – U.At this time Cardano

Cardano (ADA) is listed by the Swiss Crypto Asset Administration Service – U.At this time

Alex Dovbnya A Swiss crypto wealth management app has added support for the Cardano...

By Roger Gofman
Is SundaeSwap Exacerbating Cardano’s DeFi Issues?  – Guardian Guru Cardano

Is SundaeSwap Exacerbating Cardano’s DeFi Issues? – Guardian Guru

SundaeSwap's mainnet was officially launched earlier this year and the crypto community was pretty...

By Roger Gofman
Cardano Founder Assaults Terras Do Kwon: Particulars – U.At the moment Cardano

Cardano Founder Assaults Terras Do Kwon: Particulars – U.At the moment

Cardano founder Charles Hoskinson has attacked Terra co-founder Do Kwon for insisting he is...

By Roger Gofman
Wafini NFT Market on Cardano Prepared for Seed Gross sales + Ongoing Whitelist for Seed Gross sales – Cryptonews Cardano

Wafini NFT Market on Cardano Prepared for Seed Gross sales + Ongoing Whitelist for Seed Gross sales – Cryptonews

Disclaimer: The following text is a press release and does not form part of...

By Roger Gofman
Cardano Founder Shares Replace on Ethiopia Initiative – The Coin Republic Cardano

Cardano Founder Shares Replace on Ethiopia Initiative – The Coin Republic

ADA price at the time of writing - $0.4461Nearly 24 public schools were selected...

By Roger Gofman
Cardano Data eighth Consecutive Week of Optimistic Fund Circulate: Particulars – U.At present Cardano

Cardano Data eighth Consecutive Week of Optimistic Fund Circulate: Particulars – U.At present

Gamza Khanzadaev Cardano ends the week with fund inflows for the eighth straight day,...

By Roger Gofman
Cardano Crypto Worth Prediction – ADA Offers Up Good points However Vasil Can Push Return To $0.52 – Cryptonews Cardano

Cardano Crypto Worth Prediction – ADA Offers Up Good points However Vasil Can Push Return To $0.52 – Cryptonews

Much like the Ethereum merge, Cardano Vasil's successful hard fork upgrade has yet to...

By Roger Gofman
Charles Hoskinson Says Bitcoin Ought to Undertake Cardano’s Ofelimous Protocol to Survive – U.Right this moment Cardano

Charles Hoskinson Says Bitcoin Ought to Undertake Cardano’s Ofelimous Protocol to Survive – U.Right this moment

Yuri Molkhan The IOG founder recommends that Bitcoin adopts the Ofelimous protocol developed by...

By Roger Gofman

Latest Posts

Dot sample [DOT] could possibly be on a brief bullish dash thanks to those developments – AMBCrypto Information Polkadot

Dot sample [DOT] could possibly be on a brief bullish dash thanks to those developments – AMBCrypto Information

Dot pattern [DOT] and Cardano [ADA] Blockchains are known for their intense developer activity...

By Roger Gofman
Stellar

Prime DeFi Funding Rounds in LatAm – 2022 – LatamList

Interest in crypto and DeFi has exploded in Latin America over the past year....

By Roger Gofman
CryptoSlate Wrapped Day by day: Binance Targets Cyber ​​Monetary Crimes;  CEL tanks after Alex Mashinsky resigns from Celsius – CryptoSlate Binance

CryptoSlate Wrapped Day by day: Binance Targets Cyber ​​Monetary Crimes; CEL tanks after Alex Mashinsky resigns from Celsius – CryptoSlate

Some of the biggest news in the cryptosphere for September 27 include Binance's new...

By Roger Gofman
Ethereum

ÐΞVcon-0 Recap

Day 1 - Monday 24th Nov - ÐΞV: Mission and Processes The first day...

By Roger Gofman
ITS HAPPENING AGAIN (Historical past Repeating)!! Ethereum Worth Prediction, Bitcoin Information In the present day (BTC & ETH) Videos

ITS HAPPENING AGAIN (Historical past Repeating)!! Ethereum Worth Prediction, Bitcoin Information In the present day (BTC & ETH)

ITS HAPPENING AGAIN (History Repeating)!! Ethereum Price Prediction, Bitcoin News Today (BTC & ETH)...

By Roger Gofman
Rocketize Token, Child DogeCoin and Shiba Predator: These meme cash will show you how to keep away from the unfavorable results of the bear market – NewsWatch Dogecoin

Rocketize Token, Child DogeCoin and Shiba Predator: These meme cash will show you how to keep away from the unfavorable results of the bear market – NewsWatch

It is possible to see an upward trend in transaction volume with the new...

By Roger Gofman
Cardano (ADA) is listed by the Swiss Crypto Asset Administration Service – U.At this time Cardano

Cardano (ADA) is listed by the Swiss Crypto Asset Administration Service – U.At this time

Alex Dovbnya A Swiss crypto wealth management app has added support for the Cardano...

By Roger Gofman
Astar Community’s Web3 Advert Showcases 329 Prime Manufacturers in Japan – FinanceFeeds Polkadot

Astar Community’s Web3 Advert Showcases 329 Prime Manufacturers in Japan – FinanceFeeds

Blockchain innovation hub Astar Network is making strides in driving Web3 adoption around the...

By Roger Gofman