Cardano Founder Bashes Vitalik For Crossing Lines In The Name of Fostering Crypto Adoption
The post Cardano Founder Bashes Vitalik For Crossing Lines In The Name of Fostering Crypto Adoption appeared on BitcoinEthereumNews.com. – Advertisement – Cardano Founder Criticizes Vitalik For Saying Solo Validators Censorship Could Be Tolerated. In a tweet today, the...
Cardano Founder Criticizes Vitalik For Saying Solo Validators Censorship Could Be Tolerated.
In a tweet today, the founder of Input Output Global (IOG), the team behind the Cardano network, Charles Hoskinson, bashed comments by Ethereum founder Vitalik Buterin that asserted that the network should largely tolerate solo validator censorship.
According to Hoskinson, Buterin’s line of thinking follows the logic behind the “DAO hack,” adding that the Ethereum founder is crossing lines under the guise of crypto adoption and progress.
It’s the logical extension of the DAO hack mindset. There aren’t any lines that can’t be crossed at this point in the name of adoption and progress https://t.co/UoXyVHdtmr
— Charles Hoskinson (@IOHK_Charles) October 20, 2022
While it is not explicitly clear the DAO hack Hoskinson is referencing, it is worth noting that last Tuesday, Mango DAO lost over $113 million in an exploit. Ultimately the DAO becoming insolvent as a result, negotiated a $47 million bounty with its attacks to receive $66 million from the loot. Notably, on Saturday, Avraham Eisenberg, who claimed to be a member of the group that carried out the exploit, asserted that their actions were legal and justifiable as a risk-free trading strategy.
Statement on recent events:
I was involved with a team that operated a highly profitable trading strategy last week.
— Avraham Eisenberg (@avi_eisen) October 15, 2022
Hoskinson’s latest comments came as an ADA stake pool operator (SPO) drawing attention to the comments by Buterin said that crypto media would not be so favorable if Hoskinson made the same comments. According to the SPO, Ethereum appeared to lack guiding principles, making up things as they go.
Can you imagine the absolute meltdown if @IOHK_Charles even hinted at something a tenth as antithetical to the ethos of a blockchain?
I’ve never been more bearish on #ethereum than I am right now. Next bull run is #cardano’s for the taking, and it’ll be the utility run. $Ada pic.twitter.com/YeraF6TX2e
— ADA ape 🌍 || “APE” (Pool) (@TheADAApe) October 19, 2022
It is worth noting that following Ethereum’s transition to proof-of-stake (PoS) in September, concerns over centralization have reached a fever pitch. The most recent commentator, Morgan Stanley, noted that 65% of Ethereum’s nodes are cloud-hosted, with half of these hosted by Amazon Web Services. Moreover, only four companies control over 60% of the network’s validators.
Notably, amidst all of these, Ethereum’s Vitalik Buterin has expressed the belief that it is ok for solo validators to choose the transactions they wish to be included in their block within a certain margin. As highlighted in a previous report by The Crypto Basic, this will likely not cause any harm as the network will still include these weakly censored transactions in the chain so long as one validator approves it. However, it is a different story should these validators decide not to attest to blocks carrying transactions that do not align with their personal beliefs.
I would say “be tolerated”. Slashing or leaking or socially coordinated anything should only be considered for massive reorging of other people’s blocks, not making wrong choices about what to put in your own.
Any other answer risks turning ETH community into morality police
— vitalik.eth (@VitalikButerin) October 17, 2022
Notably, this debate is not exclusive to Ethereum, as pundits have also argued whether or not it is ethical for non-mining Bitcoin nodes to refuse to validate certain transactions and whether or not these nodes ultimately matter.
It bears mentioning that censorship is broadly perceived as antithetical to crypto ethics and the Bitcoin vision.
It is worth noting that there is no love lost between the Cardano and Ethereum communities, and Hoskinson continues to seize every opportunity to criticize Ethereum PoS.
– Advertisement –
NotifyLog - One stop tool for events tracking and analytics
NotifyLog is a powerful tool for events tracking and analytics. It helps you to track events from your website, mobile app, and server.CREATE YOUR FREE ACCOUNT