Wednesday, June 2, 2021

Charles Hoskinson: Ethereum projects are like children's toys

IOHK founder and CEO Charles Hoskinson has revealed that around 100 companies may move from the Ethereum network to Cardano. [...] https://www.pinterest.com/pin/1085437947660215829/

The founder and CEO of IOHK, Charles Hoskinson, has revealed that about 100 companies may move from the Ethereum network to Cardano. He admitted this in a recent interview with Bloomberg. He added that projects based on Ethereum, are like toys for children. Charles Hoskinson: as many as 100 companies prefer us to Ethereum It turns out that among the companies that can choose Cardano, there are really well-known brands. These include SingularityNET, the artificial intelligence company behind the production of the humanoid robot Sophia. It has reportedly "seriously discussed" migrating to Cardano's network. This would be quite an image success. However, Cardano is sometimes criticized in the environment. Some argue that it is vaporware, or unfinished software. Nic Carter of Coin Metrics points out that currently no application ties into the Cardano blockchain. - I don't know of a single popular application deployed on Cardano, nor have I seen enthusiasm for the platform among developers, he said. Ethereum-based projects are like children's toys? Undeterred by the attacks, Hoskinson believes his blockchain is infinitely more efficient than the Ethereum network. He also ignores the undoubted success of Vitalik Buterin's project. - I don't care about [projects like] Uniswap, CryptoKitties and other things like that. They are bubbles that appear and disappear, like Pet Rocks and Beanie Babies," he said. Pet Rocks and Beanie Babies are popular toys for children. Pet Rocks were created in 1975. They were sold like live animals, in custom cardboard boxes equipped with a straw and breathing holes. Today, however, they are regarded only as collectible gadgets. Beanie Babies, on the other hand, are a line of plush toys created by American businessman H. Ty Warner, popular in the 1980s. The above words may be regarded as unnecessary malice. However, it is worth mentioning that although Cardano is still far from becoming a major tool for governments or big companies, 33-year-old Hoskinson has already achieved celebrity status. He claims that fans recognize him at airports and he receives lots of emails from them. As for Ethereum, the network may show its potential when Ethereum 2.0, a new version of the platform, is implemented. Tags Blockchain Cardano ETH Ethereum technology

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