Cardano Has Better PoS Approach Than Ethereum, Claims Charles Hoskinson

Cardano's founder Charles Hoskinson insights on latest developments

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Charles Hoskinson shared insights on Cardano launch, Vasil hard fork upgrade, Dapp deployment, LACE Lite wallet, decentralization, CBDC, Metaverse, and more.

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Cardano’s Vasil hard fork was successfully triggered by the IOG/Cardano Foundation team on September 22nd at 21:44 UTC.

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After the upgrade was launched, the price of ADA skyrocketed.

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According to Hoskinson, the need for a Layer-1 programmable blockchain as Bitcoin lacks programmability led him to work on Ethereum.

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However, Ethereum is more of a proof-of-concept and its lack of scalability hinders its use in enterprise and government-level applications.

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Hoskinson believes that Ethereum’s PoS model tends toward “hypercentralization” and has a weak staking economy.

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In 2015, it inspired him to build a Cardano ecosystem with a better PoS model, decentralization and economics.

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