Key Points

  • Ethereum and Cardano co-founder Charles Hoskinson has taken a shot against at Ethereum, calling it a “dumpster fire” due to its development approach.
  • He added that he pities Ethereum maxis, and Cardano’s comparison with Ethereum is now going too far.

Charles Hoskinson has expressed his uncertainty with the Ethereum roadmap amid comparisons to his Cardano ecosystem. He has taken a shot against Ethereum, saying its consensus layer is a “dumpster fire.”

Charles Hoskinson says he pities Ethereum maxis

Charles Hoskinson was one of the co-founders of Ethereum. However, he defected from the development team and went on to build Cardano and its native coin ADA. 

Cardano has similar perks to the Ethereum network, attracting investors’ interest, making it one of the largest coins by market capitalization. It is also seen as an alternative to Ethereum by some.

Charles Hoskinson is fond of campaigning for the Cardano ecosystem as it keeps growing and has one of the highest daily developer activities in the industry. Recently, an interesting fan take on his Cardano project being similar to Ethereum and doubts about its roadmap has caught his attention.

He responded to the fan saying the comparison between the two is getting delusional now and that Cardano users now are “living rent-free in the maxi minds.” he also added that he pities the maxis as Ethereum has a “dumpster fire of a consensus layer.”

“Ethereum has a dumpster fire of a consensus layer, has a terrible programming model that they can’t change, and are getting eaten alive by their layer two ecosystems.”

Additionally, he said that Cardano’s sidechain plans would mutually benefit both the Cardano blockchain and the sidechain, unlike Ethereum. 

The Cardano Foundation first published a research paper on the Hydra network in March 2020. The network is meant to be a layer two solution that uses sidechains to offload transactions from the main Cardano network making it more scalable ad faster.

The research explained that Hydra could process about 1000 transactions per second and have 1000 stacking pools, each of which could process 1000 TPS giving Cardano a throughput of 1 million transactions per second.

The first mainnet compatible Hydra node was released on May 11 2023, teasing an upcoming Hydra Pay, a layer two integration with Cardano wallets that bears instant settlement and a “gazillion TPS.” 

However, there still needs to be a certain product launch date, with Cardano remaining with a low average of daily transactions. It serves an average of 65K compared to Ethereum’s 1 million transactions. Keep watching Fintech Express for more updates on crypto and other fintech-related developments.