Charles Hoskinson showed his disappointment with the Ethereum core co-founder Vitalik Buterin, as Buterin failed to give credit for the Cardano blockchain for the UTXO model.
Charles Hoskinson is the founder of the Cardano blockchain network. After leaving the Ethereum blockchain in 2015 he started working on a Proof-of-stake (PoS) model-based blockchain network & finally, he launched Cardano as the biggest rival of the Ethereum network. In the crypto community, he never missed chances to respond to critics.
Recently in an interview Ethereum co-founder Vitalik Buterin talked about Ethereum’s current staking model which is very less decentralised.
Vitalik proposed the idea of using the Unspent Transaction Output (UTxO) model to fight against centralization challenges.
Notebely this staking model is in primary use in the Bitcoin & Cardano network. It was Hoskinson who implemented changes to make use of this model for PoS crypto network to fight against the centralized nature of PoS consensus.
Many people noted that Vitalik talked about this model but failed to talk about the Cardano blockchain.
Vitalik wanting to redesign Ethereum staking and singing sweet things about UTxO says a lot about Cardano getting it right. #Cardano pic.twitter.com/KGf9jF09um
— St₳kΣ with Pride
(@StakeWithPride) November 24, 2023
Cardano founder Hoskinson also responded and said that Ethereum3.0 will sort out all things. Hoskinson directly claimed that Ethereum developers will propose the Ethereum3.0 version to grab popularity and they will use the technology that Cardano has already been using since its origin.
In this single-line statement, we can see Hoskinson’s disappointment.
A Cardano proponent suggested Hoskinson keep calm & remain engaged in the development of the Cardano blockchain ecosystem, instead of getting into any kind of such controversy.
Hoskinson cleared his statement and said that he is disappointed because they are rediscovering those things on which the Cardano developers have been already working for decades but they never mentioned Cardano as an innovative team over Ethereum team.
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