Charles Hoskinson, the founder of Cardano (ADA) and CEO of IOHK, a technology company specializing in blockchain and cryptocurrency development, criticized Ethereum and EOS’s approach to development in a recent interview with Fortune’s Balancing The Ledger.
Both Ethereum (ETH) and EOS (EOS) are competing projects to Cardano, and have taken different paths in terms of development and research for their projects. Also, Hoskinson helped Vitalik Buterin co-found Ethereum and was later booted from the project in 2014 due to disagreements over the organization’s overall direction.
So it’s understandable that Hoskinson might still be a little sore and ready to dole out criticsm of these crypto platforms, especially when it comes to Ethereum.
During the interview, Hoskinson proclaimed that Cardano and most other crypto projects publish all their code open source and free from patents so that other teams can access and incorporate what they develop. He believes this is of vital importance for building a blockchain ecosystem in which everyone can participate.
Regarding Ethereum and EOS, Hoskinson claims their approach to development has been more closed and is different from Cardano’s, stating:
“This is a stark contrast to the development you see with things like EOS or with Ethereum with Casper, where they kind of adopt this lone samurai viewpoint. Wherein one brilliant founder, whether it be Dan [Larimer, co-founder of EOS] or Vitalik [Buterin, co-founder of Ethereum] will lead a small group of crack engineers to somehow innovate and solve a big problem. Nothing gets done that way.”
Apart from what’s said above, Hoskinson has made underlying jabs at Ethereum and EOS in other interviews as well.
As previously reported by IIB, he spoke in an interview with Cheddar where he made an underlying jab at Ethereum and EOS, two competing crypto projects who have seemingly beat Cardano to market and are actually developing and releasing decentralized applications (dapps).
Per the interview, Hoskinson said:
“It’s not about who’s first to market or how quickly can we upgrade something. It’s about what’s fit for purpose. And not fit for purpose just for a few thousand people, but for 7 billion people. And so we have a very global view of the way we do things.”
With these 2 statements in mind, it’s clear that Hoskinson believes Ethereum and EOS are moving the industry in the wrong direction and that Cardano is actually taking the right approach to development.
Do you agree with Hoskinson that Cardano’s approach to development is more open source and thus better for the blockchain industry? Will Cardano eventually slingshot past these other protocols and come out on top? Let us know what you think in the comment section below.
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