Cardano Founder Hits Out At Ethereum Founder Over Crypto Adoption Comments
Charles Hoskinson, Cardano's founder, shared his insights about crypto adoption via Twitter on Thursday. He also provided his views on the effects of this adoption on economic progress.
Hoskinson also took a swipe at Ethereum co-founder and CEO, Vitalik Buterin, over his recent comments. In a recent interview, Buterin suggested that networks allow solo validator censorship.
Hoskinson said that Buterin's myopic thinking might explain the many DAO attacks. He added that Buterin is treading uncharted territory in his quest for crypto adoption and progress. Hoskinson's comments show his great dissatisfaction with Buterin's suggestions.
While Hoskinson didn't refer to any specific DAO attack, there was an exploit on Mango DAO last Tuesday. The network lost more than $113 million to the hacking incident.
The incident caused the DAO to go bankrupt. However, a negotiation with the hackers resulted in the recovery of $66 million from the total stolen amount ($113 million). Hence, the hackers made away with a $47 million bounty.
Moreover, a man who identified himself as Avraham Eisenberg claimed he was one of the hackers of the Mango DAO. He also argued that their activities were lawful and could be considered a risk-free trading strategy.
Hoskinson vs. Buterin
Buterin incurred the wrath of Hoskinson when the former stated that the cryptocurrency media would not be so 'favorable' if Hoskinson kept on hitting the media with such utterances. According to a Cardano stake pool operator, Ethereum lacks directional principles, implying that projects are created on the fly without any proper plan.
Last month, Ethereum completed its switch from a Proof-of-Work (PoW) to a Proof-of-stake (PoS) platform, causing a significant change to centralization. Additionally, according to recent Morgan Stanley comments, 65% of Ethereum's nodes are hosted in the cloud.
The bank added that almost all those nodes are hosted on Amazon Web Services (AWS). It is important to note that only four companies make up 60% of the network validators. Nevertheless, the Ethereum CEO saw it fit that solo validators should be the ones to choose the network transactions they want to include in their block.
He added that there should be a specific range beyond which validators will no longer accept network transactions. Otherwise, the Ethereum community would become a "morality police."
This argument is not restricted to Ethereum. For example, industry analysts have disputed whether it is morally acceptable for non-mining Bitcoin nodes to refuse specific network transactions.
They also wonder whether these nodes are essential. Many consider crypto network censorship as contrasting crypto ethics and the Bitcoin goal. It's important to note that the Ethereum and Cardano communities do not get along. Also, Hoskinson constantly criticizes Ethereum's switch to a proof-of-stake consensus at the slightest chance he gets.
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