2019-1-16 00:16 |
The Ethereum community is ready for the launch of its biggest upgrade in a good time now, Constantinople, which will happen tomorrow, but some people are simply not too happy with this. The CEO of IOHK and Cardano, Charles Hoskinson, seems to be one of these people.
Hoskinson, which is the public face of Cardano the same way that Vitalik Buterin is the faced of Ethereum, has used the opportunity to launch some jabs at the ETH community, which is a sort of a rival of Cardano (ADA).
You like apples? We got them for you pic.twitter.com/NvLHkCqslb
— Charles Hoskinson (@IOHK_Charles) January 14, 2019
According to Charles Hoskinson, ETH’s upgrade might be important, but he will not be able to do what Ethereum has been promising for years: to implement its proof of stake system. He spoke on Twitter today about it and also used the opportunity to attack the critics of the proof of stake method, which believe that it may cause some inequality among node operators.
He claims that one of the main complaints that proof of stake receives is that it is less egalitarian and it makes the rich richer but, according to a paper that was co-authored by academics from Athens and the Edinburg Universities, proof of stake cryptos can be perfectly egalitarian for the parameters of the crypto world.
The main reason for the jab at Ethereum is because the proof of stake is a very old promise that simply was not developed and the Casper protocol, which is supposed to make it true, will only be launched in 2020 or after. The new protocol may be important, but it will still not bring to ETH the most important change that it needs.
What it is bringing, however, is more resistance against ASIC mining algorithms, which can make it more resistant against ASIC miners, which are not viewed with so much joy in the community.
However, it should be noted that Hoskinson may be “throwing stones from a glass house” since Cardano is still heavily centralized even when compared to Ethereum, which has proved to be better at decentralization.
The goal of the network to be more decentralized is still too far and the Shelley protocol, whose goal is to finish the decentralization process, is still far from completion. The official road map affirms that the Shelley testnet is only 20% complete and the mainnet was not even started, so it may be years before Hoskinson can actually talk about Ethereum without sounding like a hypocrite.
This does not mean that Cardano is in a bad place, necessarily. The network is known for being backed by scholars with important academic credentials. In fact, most of its decisions are backed by science instead of a consensus from the “community” alone.
It is still too early to know whether this will pay off or not because the network is very young still, but the expectative is that Cardano will be among the winners in the blockchain market.
At the moment, ADA is up 1.3% in the last 24 hours, a lot than Ethereum, which is rising up to 9% and having a great day.
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