Ethereum [ETH] The development of Buterin is a perfectly legitimate approach, says Cardano [ADA]it's Hoskinson


Charles Hoskinson, one of the founders of Ethereum [ETH] and now one of the Cardano's figureheads [ADA] cryptocurrency, recently appeared in an interview to talk about his motivations for creating the cryptocurrencies he did. In addition, he also chose his options for the best intelligent contract platform currently on the market.

Hoskinson revealed his reasons for creating Ethereum and Cardano, stating that he had disagreements about the level of functionality that should be included in the basic level of a network. This is how a financial system that can be created is really worth something.

He also spoke about the implementation of sidechains on the Cardano network, stating:

"We have much better properties with the way we are approaching the sidechains, including the new cryptographic primitives, the chains are firewalled from one another so we do not need a federation by peg. put our money where our mouth is, we are implementing it, we built it for the PoW and PoS currencies. "

On the subject of development of scalability solutions for Bitcoin [BTC] network, said it was "extremely frustrating". On the work done by Blockstream, Hoskinson said:

"Blockstream does a good job, [Rusty] Russell wrote Simplicity which is an excellent programming language and could be a good substitute for Bitcoin's Script. I think their whole vision of Lightning is good. I wish the Bitcoin community was a little more eager to innovate, because if they did not, they would eventually lose the throne and it would be very difficult for them to get it back if they did. "

When asked about his choices for the best intelligent contracting platform, Hoskinson's first response was Ethereum. He also spoke of Vitalik Buterin, one of the most influential people on Ethereum. He has declared:

"I would say what Vitalik is doing with Ethereum is a perfectly legitimate approach: if you look at his philosophy with Casper and Plasma and move from the EVM to the Web Assembly, his coherent logic and a reasonable collection of ideas and I think that within a reasonable time, 2-4 years, they will probably be able to realize that vision, if they are successful, they would be a great platform to implement smart contracts. "

His reason for branching off from Ethereum and starting Cardano was due to disagreements over economic and governance issues and the spread of new features. He has declared:

"We [Cardano] they tend to be more academic based on peer-review where they tend to be a more open source hacker approach. Ethereum is one of the strongest smart contract offers. "

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Anirudh VK

Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and an interest in the future of blockchain and cryptocurrency technology. At the moment it does not have any cryptocurrency.

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