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Cardano Founder Takes Jab at Internet Computer

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Mon, 15/01/2024 - 20:10
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Cardano Founder Takes Jab at Internet Computer
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In a recent social media exchange that caught the eye of the cryptocurrency community, Charles Hoskinson, the creator of Cardano, offered a sarcastic response to a boastful social media post by Dfinity. 

Dfinity spotlighted a significant upgrade in their Internet Computer (ICP) protocol, claiming that their canister smart contracts can now hold a vast 400GiB in stable memory. 

This upgrade, they noted, is capable of storing around 17.4 million Ethereum smart contracts, or the entire Cardano blockchain -- twice. 

Hoskinson humorously replied, "Thanks for storing Cardano. You can always use that canister to rebuild ICP if you ever need to." 

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Inside the tech: Internet Computer's canisters

The Internet Computer, Dfinity's ambitious blockchain project, aims to revolutionize how decentralized applications (dapps) are run. 

Its latest advancement involves "canisters," which are essentially high-capacity smart contracts. These canisters allow developers to deploy dapps written in various languages as WebAssembly modules. 

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Unlike traditional containers in software, these canisters don’t just execute code; they also store the application's state, significantly enhancing the efficiency and scalability of the blockchain applications they host.

Dfinity and Cardano 

In April 2022, Dfinity welcomed a familiar face from the Cardano camp, Eva Oberholzer, as their new chief growth officer. It was a strategic move aimed at pushing Internet Computer into the mainstream. Hoskinson's congratulatory message back then was seemingly a sign of the respect that these blockchain projects have for each other. 

In 2021, Hoskinson welcomed Dfinity to "major leagues" in a social media post. 

Fast forward to early 2024, the Internet Computer project is gaining ground, with the ICP token now outpacing Shiba Inu in market performance.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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