$ADA: Cardano Founder Charles Hoskinson Slams Ethereum’s ‘Dumpster Fire of a Consensus Layer’ - ELEVENEWS
The founder of Cardano ($ADA) Charles Hoskinson has seemingly seen a comment from a cryptocurrency investor touch a nerve after they threw shade at Cardano’s developmental trajectory and alleged parallels...
The founder of Cardano ($ADA) Charles Hoskinson has seemingly seen a comment from a cryptocurrency investor touch a nerve after they threw shade at Cardano’s developmental trajectory and alleged parallels with Ethereum.
In response to a cryptocurrency investor who suggested Cardano is following Ethereum’s roadmap but was “a few years behind,” Hoskinson said “it’s getting delusion town now,” and added that the Cardano community is “living rent-free in the maxi minds.”
On the topic, Hoskinson added:
Ethereum has a dumpster fire of a consensus layer, has a terrible programming model that they can’t change, and are getting eaten alive by their own layer 2 ecosystem. Cardano’s sidechain plans mutually benefit both Cardano and the sidechain.
or context, in March 2020, the Cardano Foundation unveiled an insightful research paper detailing Hydra, Cardano’s Layer 2 scaling solution. Matthias Benkort, Technical Director of Open Source Development at Cardano Foundation, has described Hydra as an open-source framework designed to create off-chain ledgers, thereby enhancing the efficiency of blockchain usage.
Developed jointly by the Cardano Foundation and IOG, Hydra is a state-channel solution that allows for fast-paced transactions on a private network, known as a Hydra Head. The transactions can then be settled on the main Cardano chain, making the results of the interactions available to the rest of the network.
Hoskinson has commented on the Hydra Head, saying simulations “have shown that each ‘Hydra head’ can currently process about 1,000 transactions per second (TPS). With 1,000 stacking pools, each processing 1,000 TPS, Cardano could very well reach a throughput of a staggering one million transactions every second.”
As CryptoGlobe reported, the total value locked on Cardano’s decentralized finance (DeFi) ecosystem has recently reached a new milestone above the 600 million $ADA mark, with the amount of the network’s native tokens locked on DeFi applications having tripled since the beginning of the year.
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