Ethereum co-founder and Cardano founder Charles Hoskinson criticizes Bitcoin for lacking innovation, comparing it to outdated platforms like Yahoo and MySpace that have been replaced by more advanced technologies.
He claims that Bitcoin is “stagnant,” leveraging its past success and massive size without introducing new features, and its only value lies in its large user base. In contrast, Cardano is praised for its innovative approach and ability to incorporate new technologies. Hoskinson explains that Cardano was created to evolve and meet market requirements, with a strong community driving its development and adoption.
Cardano offers more efficient and secure smart contracts and decentralized applications (dApps) compared to Bitcoin. Designed for flexibility and scalability, Cardano aims to adapt to future technological changes.
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Hoskinson also addresses sustainability, contrasting Cardano’s energy-efficient proof-of-stake (PoS) model with Bitcoin’s energy-intensive proof-of-work (PoW) model. This eco-friendly approach makes Cardano attractive to investors who care about the environment.
While Bitcoin remains a market leader, Hoskinson believes that the constant innovations, active community, and sustainable practices of Cardano position it in a way that could potentially surpass Bitcoin in the future.
