Ethereum is a dumpster fire in which a few groups of elites have been benefitting, Charles Hoskinson has claimed. The mathematician believes that Cardano is light years ahead of Ethereum, with lower fees and faster transactions. He predicts that Cardano will be the first blockchain that hits one billion users.
Hoskinson, who is the founder of Input Output Hong Kong (IOHK), came out swinging in a recent Periscope Livestream.
Some Thoughts on DApps https://t.co/0rHRxdblPP— Charles Hoskinson (@IOHK_Charles) March 21, 2021Hoskinson spared no punches, calling out the Ethereum community for its criticism of Cardano. Some in the Ethereum community have termed Cardano a ‘ghost chain,’ claiming that it has shot up despite the lack of projects building on its blockchain.
“There’s been a huge amount of intellectual dishonesty, especially coming from the Ethereum maximalists or other actors in the space about the nature of DApps on Cardano,” he started.
Cardano is still in its infancy and currently, it’s in a transition phase. This phase starts with metadata, then tokens, and lastly, smart contracts. However, the network is being judged on the same level as Ethereum which has had smart contracts for years.
“Despite the fact that we don’t have full programming ability at the base layer, already applications like shoe authentication on New Balance and cattle authentication with BeefChain are using the metadata features of Cardano. Yet they say, what are the DApps running on Cardano?”
Hoskinson further blasted the narrative that Ethereum applications are …
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