Categories: Ethereum

Cardano Founder Criticizes Ethereum and EOS Leadership: “Nothing Gets Done That Way”

Click here to view original web page at www.investinblockchain.com

Charles Hoskinson, the founder of Cardano (ADA) and CEO of IOHK, a technology company specializing in blockchain and cryptocurrency development, criticized Ethereum and EOS’s approach to development in a recent interview with Fortune’s Balancing The Ledger.

Both Ethereum (ETH) and EOS (EOS) are competing projects to Cardano, and have taken different paths in terms of development and research for their projects. Also, Hoskinson helped Vitalik Buterin co-found Ethereum and was later booted from the project in 2014 due to disagreements over the organization’s overall direction.

So it’s understandable that Hoskinson might still be a little sore and ready to dole out criticsm of these crypto platforms, especially when it comes to Ethereum.

Hoskinson Disagrees With Ethereum and EOS’s Path of Development

During the interview, Hoskinson proclaimed that Cardano and most other crypto projects publish all their code open source and free from patents so that other teams can access and incorporate what they develop. He believes this is of vital importance for building a blockchain ecosystem in which everyone can participate.

Regarding Ethereum and EOS, Hoskinson claims their approach to development has been more closed and is different from Cardano’s, stating:

“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.”

More Disagreements From Hoskinson

Apart from what’s said above, Hoskinson has made underlying jabs at Ethereum and EOS in other interviews as well.

As previously reported by IIB, he spoke in an interview with Cheddar where he made an underlying jab at Ethereum and EOS, two competing crypto projects who have seemingly beat Cardano to market and are actually developing and releasing decentralized applications (dapps).

Per the interview, Hoskinson said:

“It’s not about who’s first to market or how quickly can we upgrade something. It’s about what’s fit for purpose. And not fit for purpose just for a few thousand people, but for 7 billion people. And so we have a very global view of the way we do things.”

With these 2 statements in mind, it’s clear that Hoskinson believes Ethereum and EOS are moving the industry in the wrong direction and that Cardano is actually taking the right approach to development.

Do you agree with Hoskinson that Cardano’s approach to development is more open source and thus better for the blockchain industry? Will Cardano eventually slingshot past these other protocols and come out on top? Let us know what you think in the comment section below.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

New York Gym Grit Bxng Accepts BTC Payments

Who would have ever thought that working out and bitcoin could ever go together? Well, thanks to a new Manhattan-based… Read More

4 hours ago

Are Whales Behing Bitcoin’s Latest Dips?

A reason for the recent up-and-down behavior of bitcoin may have been uncovered. It’s being reported that several whales moved… Read More

4 hours ago

Bitcoin Drops Below $10,000 as Support Wears Thin

Bitcoin (BTC) has once again found itself caught in the throes of a choppy trading range that has provided little… Read More

4 hours ago

Bitcoin Bottomed at $9,080, BTC to Rally Into End of 2019

Once again, Bitcoin (BTC) has stagnated, finding a foothold around $10,000 for the umpteenth time in a matter of weeks.… Read More

4 hours ago

Cresio CIO Comments, New ‘Satoshi’ and BTC Games: This Week in CT Spain

As many of our readers probably know, Cointelegraph has a number of non-English branches, each covering news from different parts… Read More

4 hours ago

VeChain Attends Shanghai International Blockchain Week 2019

SHANGHAI, Aug. 24, 2019 /PRNewswire/ -- From September 14-18, 2019, Shanghai International Blockchain Week 2019, the largest and most influential… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More