Hoskinson Claims Cardano is the Market Leader in Proof-of-Stake
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Hoskinson Claims Cardano is the Market Leader in Proof-of-Stake

May 27, 2021      Jafrin Ahmed

Cardano founder Charles Hoskinson claims that the market leader in proof-of-stake blockchain consensus is his own founded company, adding metaphorically ‘We are leading that fight. We were first to the market..Engine doesn’t make a BMW a BMW. It’s a part of it, but you need a whole ecosystem, a whole collection of things.’

Cardano is the Market Leader in PoS: Charles Hoskinson

On May 26, Charles Hoskinson appeared in an interview on Yahoo Finance saying that despite Cardano being portrayed as an “Ethereum Killer” the only thing that’s going to actually kill Etherum is its next update, Ethereum 2.0.

He also goes on to criticize Ethereum’s less interoperability in comparison to protocols like Cardano, Polkadot, Cosmos that make special provisions for sidechains.

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He later claimed that Ethereum 2.0 and Cardano have different user bases with different technologies and goals.

On May 15, Hoskinson took to explaining to the Shark Tank star and the owner of Dallas Mavericks, Mark Cuban the advantages of Cardano over Ethereum.

According to him, Cardano has already achieved what Ethereum is trying to do by migrating from proof-of-work to proof-of-stake, saying:

Last year, we achieved the first sustainable proof of stake system and that’s what Ethereum is attempting to do at the moment with Ethereum 2.0 and has failed. And many of the third generation systems are either inspired by or equivalent to what we’ve done.”

Charles Hoskinson Explains Cardano’s Advantages

Hoskison even says that Cardano is broadly accommodative to developers having different sets of skills along with programming knowledge. Meanwhile, Ethereum is only limited only to those developers who can code in Ethereum’s specific programming language, Solidity.

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“There are only 80,000 Solidity developers. There are 25 million developers throughout the world who are Dot Net developers and Java developers and so forth,” said Hoskinson.

Hoskinson goes on to boast proudly that Cardano has closed a blockchain-based deal in Ethiopia, after four years of negotiation, saying:

“We were able to close a deal for five million people, that’s going to grow to over 20 million people, which is one of the largest if not the largest single deals in our industry.”

#Cardano #Charles Hoskinson #Proof of stake
Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.