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Cardano Ecosystem

Finbold

11/27/2023

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Cardano founder slams Ethereum’s staking overhaul plans

Not long after sharing the details regarding the decentralization of the Cardano (ADA) ecosystem, Charles Hoskinson, the founder of its blockchain development firm Input Output Global (IOG), has criticized...

Cardano founder slams Ethereum’s staking overhaul plans

Not long after sharing the details regarding the decentralization of the Cardano (ADA) ecosystem, Charles Hoskinson, the founder of its blockchain development firm Input Output Global (IOG), has criticized Ethereum (ETH) plans for staking structure redesign shared by the platform’s co-founder Vitalik Buterin.

As it happens, Hoskinson took a jab at Ethereum as he commented on a video of Buterin admitting to the overly centralized nature of current staking on the platform and describing plans to redesign its staking operations in an X post shared by user Stake with Pride on November 24.

Furthermore, responding to the comment noting that he was “fuelling hostility” with Ethereum, Hoskinson refuted such observations, arguing that Vitalik was “rediscovering what we’ve been working on for almost a decade, and it’s like a new revelation,” adding that it was “extraordinary that we never get a shout-out.”

Cardano vs. Ethereum decentralization

As a reminder, the Cardano founder had poked fun at Buterin and his ideas before as well, like in early October, when the Ethereum pioneer shared a post listing the advantages of suggested changes in staking design for users who do not have enough resources to stake on their own.

Meanwhile, Hoskinson recently revealed Cardano’s upcoming moves toward the “full-blown” decentralized governance structure as it enters the Voltaire era in its roadmap, including through the movements of all repositories to a community-run project called Intersect, as Finbold reported on November 17.

Elsewhere, Cardano’s ADA token was at press time trading at the price of $0.381, which shows a decline of 2.50% on the day and a loss of 2.83% across the previous week while it still holds onto the gain of 30.08% on its monthly chart, according to the data on November 27.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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