- Ethereum Founder Vitalik Buterin sparked drama by acknowledging that the UTxO model could fix the network’s staking protocol.
- Charles Hoskinson and the Cardano community criticized the Ethereum Founder for not crediting their network.
- Hoskinson shared he was at a loss for words seeing Vitalik rediscover concepts that Cardano had been working on for decades.
Cardano Founder Charles Hoskinson rarely skips a beat when rattling the crypto community’s hornet nest. Having recently sparred with the XRP enthusiasts, the rowdy crypto pundit is now turning heads within the Ethereum community. This time, he takes aim at founder Vitalik Buterin for not championing Cardano’s staking innovation.
Hoskinson’s “I Told You So” Moment
In a recent interview, Founder Vitalik Buterin addressed the pressing issue of Ethereum’s staking centralization, emphasizing the need for a major overhaul to promote healthier mining, staking pools, and decentralization.
As a solution, Buterin proposed incorporating the Unspent Transaction Output (UTxO) model to tackle centralization challenges. Interestingly, the UTxO model starkly contrasts Ethereum’s current account-based system and serves as the primary framework for Bitcoin and Cardano.
Buterin’s optimistic portrayal of the UTxO model sparked debates within the crypto community, particularly the ADA community, which quickly scrutinized the Ethereum founder. With the drama unfolding, Hoskinson seized the opportunity to jab the ETH community.
This isn’t the first time Hoskinson has blasted Ethereum for its staking process. The founder has previously compared the network’s staking model to unconventional things, including a dumpster and classic rock hit Hotel California.
Moreover, the Cardano EUTxO model has often been at the center of the debate, with critics arguing it is less secure than other models. Understandably, Hoskinson finally got his “I told you so” moment and took the opportunity to poke fun at the Ethereum founder.
However, Hoskinson’s jabs weren’t well-received by the community.
Hoskinson Fuels Hostilities?
While some community members agreed with Charles Hoskinson’s views, others observed that the founder, despite championing interoperability, seemed to be fostering hostility. However, Hoskinson dismissed the notion, sharing that he was at a loss that Cardano wasn’t credited when Vitalik talked about the UTxO model.
He further pointed out that Vitalik had seemingly rediscovered concepts that Cardano had diligently worked on for nearly a decade.
Several other community members came out to say that there was absolutely nothing wrong in using a design future that another protocol has been using for years. However, credit should be given where credit is due.
On the Flipside
- An Ethereum developer once compared Ethereum’s staking to sausage making, suggesting that a more profound understanding might unveil less appealing aspects of the network’s staking mechanism.
- Earlier this year, Vitalik Buterin drew scrutiny for revealing that he staked only a small portion of his ETH holdings, citing security concerns.
- A former Ethereum advisor recently accused Buterin of emulating its rival, Cardano, especially in its scaling approach, specifically through the Plasma protocol.
Why This Matters
The Ethereum community has frequently criticized the Cardano community for its meticulous development approach. Charles Hoskinson and the Cardano community’s responses are understandable, as they have often faced scrutiny for their methodologies. Now, with Vitalik publicly proposing a similar approach after years, the years of scrutiny may raise apprehensions.
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