Charles Hoskinson: Is Cardano’s Ouroboros DPoS?

The founder of Cardano and CEO of IOHK, Charles Hoskinson, made clarification on the variance of whether Cardano’s Ouroboros is a DPoS or not. The CEO threw light to the matter in a tweet, touting that smart contracts and native assets are coming to the Cardano blockchain technology.

The cerebral founder of the Cardano blockchain who doubles as the co-founder of Ethereum made the remark after the enormous tantrum thrown at the blockchain platform by CEO of Block.one and creator of EOS, Daniel Larimer, and some Twitterratti who made inquiries on some aspects of the Cardano blockchain.

First, it was a guy by the pseudonym Crypto_Guy who enquired whether the Cardano Mainnet, touted to be a game-changer for the blockchain network, “is overrated.”

Responding to his inquiry, Charles Hoskinson, who had read the article written by Crypto_Guy said the blockchain platform is not “DPoS” but Ouroboros, which is a “completely new and novel protocol.”

Is Cardano’s Ouroboros DPoS?

Crypto_Guy then responded that IOTEX makes use of a variation of DPoS named Roll-DPoS, despite it is still DPoS. The same holds for Ouroboros and the name could not change it from being DPoS, he said.

Hoskinson was adamant that the protocol is no way DPoS, and was designed based on five years of research.

He mentioned that Daniel Larimer, who at different points, made mention of Ouroboros been DPos “lied” about the protocol by mentioning that it does not work and more or less “an 800-pound bulletproof vest that does stop bullets.”

Daniel Larimer, again, came under the post to say Cardano works for only currency. He insinuated that the Cardano’s confirmation latency is “unsuitable” for DeFi.

On that, Charles Hoskinson said Smart contracts and Native assets would be launched on the Cardano blockchain this 2020.

He pointed out that Cardanano’s latency was far too lower than Ethereum’s, the king blockchain platform for DeFi.

Behind the Twitter Tirades Between EOS’ Daniel Larimer and Cardano CEO

Charles Hoskinson and Daniel Larimer have both been engaging in Twitter tirades way back.

The creator of Cardano at a Tokyo FinTech Meetup said his dispute with Larimer stems from “existential issues.”

He asserted that Daniel Larimer and his Block.one firm took four billion dollars from investors and still claimed to not have any “fiduciary or moral obligations” to them.

Charles Hoskinson had claimed that Block.one was not transparent in any way to its investors. He said it was not okay for just one percent of people to be in control of the EOS’ total supply.

The founder of Cardano said Daniel Larimer accused Cardano of plagiarism; however, he said the blockchain network researched everything he put out to the public from scratch.

Meanwhile, Cardano has said it is linking up with Chainlink and the two firms would be exploring myriads of opportunities together.