Main navigation

Cardano Founder: "It's Not Too Late to Come to Cardano" in Response to Vitalik Buterin's Thoughts on Ethereum

News
Tue, 05/17/2022 - 14:21
article image
Tomiwabold Olajide
Cardano founder says, "It's not too late to come to Cardano" to Vitalik Buterin's thoughts on making ETH a Bitcoin-like system
Cardano Founder: "It's Not Too Late to Come to Cardano" in Response to Vitalik Buterin's Thoughts on Ethereum
Cover image via stock.adobe.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

In a recent tweet, Cardano creator Charles Hoskinson seemingly took a swipe at Vitalik Buterin, Ethereum co-founder. Responding to a thread of tweets posted by the latter, Hoskinson suggested that the Ethereum co-founder come over to Cardano, saying "it's not too late to come to Cardano."

In a recent thread of tweets, Ethereum co-founder Vitalik Buterin lay bare his inner struggles, which he calls "some still open contradictions in my thoughts and my values."

He speaks of the contradiction between his desire to see Ethereum become a more Bitcoin-like system and the realization that attaining this requires "quite a lot of active, coordinated short-term changes." Buterin also highlighted his desire to see Ethereum become a Layer 1 blockchain that can outlive extreme circumstances.

Cardano was founded by Charles Hoskinson, who is also a co-founder of Ethereum. Due to a disagreement with Ethereum co-founder Vitalik Buterin in 2014 as to whether the Ethereum project should be commercial or not, Hoskinson had a falling out with the Ethereum team.

Hoskinson then went on to create Cardano as a scalable, interoperable and sustainable blockchain that aims to outperform Bitcoin and Ethereum. Cardano was founded in 2015 and launched in 2017 as a proof-of-stake blockchain that uses network validators to process transactions and maintain the network. Cardano is the seventh largest cryptocurrency, with a market capitalization of $19.8 billion at the time of writing.

Cardano, similarly to Bitcoin, is an Unspent Transaction Output (UTXO)-based blockchain, which uses a different accounting model for its ledger than other account-based blockchains, such as Ethereum.

Cardano, on the other hand, uses an innovative Extended Unspent Transaction Output (EUTXO) model. The EUTXO model boasts advantages such as increased security and predictability in smart contract execution costs and parallelism.

article image
About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.