Home Ethereum Does Cardano have a better staking method than Ethereum? Charles Hoskinson speaks

Does Cardano have a better staking method than Ethereum? Charles Hoskinson speaks

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Does Cardano have a better staking method than Ethereum?  Charles Hoskinson speaks

In an interview, Cardano founder Charles Hoskinson said that Cardano has a superior proof-of-stake (PoS) strategy to Ethereum. Charles Hoskinson gave his thoughts on the creation of Cardano, Vasil hard fork upgrade, Dapps launch, LACE lightweight wallet, decentralization, CBDC, metaverse and other topics.

On September 22, the IOG/Cardano Foundation team made the Cardano Vasil fork a success and as a result, ADA marked a 4% price hike. As of this writing, ADA is currently trading at $0.4505, a price increase of 0.14% in the last 24 hours.

It traded as low as $0.4467 and as high as $0.4791. According to experts, a rise in the ADA price above $0.55 will be bullish and bring the rally closer to $1.

Cardano Vasil hard fork is Cardano’s recent upgrade in the ecosystem

In an interview with Cheeky Crypto on the day of the Vasil hard fork, Charles Hoskinson provided answers to questions about Cardano, the Vasil hard fork, and the most recent changes to the Cardano ecosystem.

He started working on Ethereum because it has a programmable layer 1 blockchain, while Bitcoin does not. Ethereum’s lack of scalability and proof-of-concept status precludes its use in enterprise-level and large-scale government applications, however.

According to Hoskinson, the Ethereum PoS mechanism has a propensity for “hyper-centralization” and has poor staking economics. In 2015, he was motivated to create the Cardano ecosystem, which has improved PoS architecture, decentralization and economy.

Plutus v2 scripts, delivery pipeline, reference entries, inline data, reference scripts and data serialization primitives are some of the new features added by the Vasil hard fork. It will improve the performance, usability, scalability and interoperability of the Cardano network. He concluded by criticizing the idea of ​​the CBDC, which increases the power of government. He claims that if people like SEC Chairman Gary Gensler had more power, a huge bear market could occur.

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