Cardano Founder Hoskinson Responds to Ethereum Criticisms - COINTURK NEWS
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Cardano Founder Hoskinson Responds to Ethereum Criticisms

12:14 am (35 days ago)
August 18, 2023

A tweet from Twitter caught the attention of Cardano‘s (ADA) founder Charles Hoskinson. In response to a criticism made on Cardano, Hoskinson highlighted several negative aspects of the Ethereum network and claimed that Cardano will continue on its path despite the criticism.

Notable Criticism for Ethereum

In response to a Twitter user who doubted the roadmap of Blockchain and criticized its supposed similarity to Ethereum, Hopkinson said, “it’s becoming a dream town now” and “we live rent-free in their maximum minds, I pity them.” Referring to the comparison with Ethereum, the founder said:

“Ethereum has a consensus layer landfill, a terrible programming model that they can’t change, and it’s being overhauled by its own Layer-2 ecosystem. Cardano’s sidechain plans mutually benefit both Cardano and the sidechain.”

Cardano vs Ethereum Comparison

In March 2020, the Cardano Foundation published a research paper introducing Hydra, a second-layer solution that uses sidechains to offload transactions from the main network. Hoskinson announced that Cardano will soon become “the fastest system in the world” and gave the following example:

“Simulations have shown that each ‘Hydra head’ can currently process about 1,000 transactions per second (TPS). With 1,000 stake pools each processing 1,000 TPS, Cardano can achieve a transaction volume of one million transactions per second.”

Hoskinson, in a “Ask Me Anything” session in November 2021, revealed that the Hydra project is still in development and does not have a specific launch date. The first Mainnet-compatible Hydra node was released on May 11, 2023. Since then, developers have introduced Hydra Pay, which integrates with Cardano wallets and offers instant settlement and a “gazillion TPS” feature.

In terms of utility, data from Cardano Scan shows that the blockchain currently processes an average of 65,000 transactions per day or 0.75 transactions per second. In contrast, Ethereum processed over one million transactions in the last 24 hours, equivalent to approximately 12.45 transactions per second. In a previous tweet, Hoskinson wrote, “No matter how many times VC coins, crypto media, or Ethereum fans declare that we’ve died, we’re irrelevant, or we’ve failed, we always remind them that Cardano is here to stay.”

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