Cardano’s Charles Hoskinson Blasts Ethereum’s Staking Process

Charles Hoskinson took a swipe at Ethereum’s staking mechanism, further intensifying the rivalry between the networks.

Charles Hoskinson hitting a punching bag with an Ethereum logo on it in an empty gym.
Created by Gabor Kovacs from DailyCoin
  • A developer’s thoughts on Ethereum’s staking mechanism stirred controversy in the community.
  • Cardano Founder Charles Hoskinson capitalized on the opportunity to laud his network. 
  • Charles Hoskinson’s comments further intensified the rivalry between the two networks.

Charles Hoskinson is often at the forefront, highlighting Cardano’s superiority over its more established rivals like Ethereum, particularly regarding network fees, security, smart contracts, and staking processes. 

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These factors have become a significant point of contention between the two networks, with Ethereum’s infrastructure frequently coming under scrutiny at the hands of Hoskinson. In the saga’s latest episode, the rowdy founder took a swipe at Ethereum’s staking mechanism, further intensifying the rivalry between the networks. 

Hoskinson Gets the Last Laugh

Recently Justin Drake, an Ethereum Developer, drew scrutiny for his thoughts on Ethereum’s staking process. In a podcast, he reasoned that he hadn’t staked much of his Ether (ETH), claiming, “When you make sausage, you know how it’s made,” implying that a deeper understanding could reveal less appealing aspects of the network’s staking mechanism. 

The analogy made rounds on Crypto Twitter, with many growing concerned about Ethereum’s staking mechanism. The developer’s action aligned with Founder Vitalek Buterin, who has also avoided staking his tokens for security purposes and potential conflict of interest. 

With the community riled up by Drake’s comments, Cardano Founder Charles Hoskinson also chimed in to fuel the fire. The rowdy crypto pundit, known to have staked all of his ADA, took a jab at the network in an “I told you so” moment, recalling past instances when Ethereum developers mocked Cardano’s staking infrastructure. 

It’s worth noting that this is not the first time Hoskinson has thrown mud at Ethereum. He has previously compared the network’s staking model to unconventional things, including a dumpster and classic rock hit Hotel California.

On the Flipside

Why This Matters

Charles Hoskinson’s comment further intensifies the rivalry between the Ethereum and Cardano communities and highlights the issues with the former on a more serious forum. 

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More from Charles Hoskinson:

Cardano’s Hoskinson Drags Ethereum Staking Over Controversial Buterin Video

More on Cardano: 

Cardano Bulls Botch Support, ADA Drops 11%

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Insha Zia

Insha Zia is a senior journalist at DailyCoin covering crypto developments, especially in the Cardano ecosystem. With a Bachelor of Science in Computer Systems Engineering, he delivers high-quality articles with his technical background and expertise in data analysis and programming languages, aiming to educate and inform readers accurately, transparently, and engagingly. Insha believes education can drive mass adoption of the crypto space, and he is committed to giving DailyCoin readers a better understanding of the technology.