Cardano founder ‘fundamentally rejects’ tortoise-hare analogy for blockchain
Addressing the CryptoMileCardano founder and Input Output CEO Charles Hoskinson explained how blockchain could revolutionize the world.
During the discussion, the tortoise-hare analogy was brought up – which asserts that Cardano is late in releasing developments.
Commenting on this, Hoskinson said the analogy “irritates” him and he “fundamentally rejects” it on the grounds that Cardano was the first, or nearly the first, across multiple technologies.
Cardano has long been accused of being a turtle
gimbal is described as a third-generation platform developed with formal methods to achieve the blockchain principles of scalability, interoperability, and durability in a real-world environment.
Formal methods refer to the use of the scientific method, which involves discovery, peer review, and cryptographic research.
As a systematic and methodical approach, development releases have been delayed in the past. The most recent example of this is the Vasil upgrade, which was originally scheduled for release on June 29.
However, following a core team meeting, it was decided to postpone the upgrade to the last week of July. Hoskinson said a factor in this was the “measure three times and cut once” mandate he sent to engineers after Terra’s implosion.
Hoskinson disagrees for these reasons
When it comes to the tortoise-hare analogy, Hoskinson clapped back, saying Cardano was one of the first proof-of-stake protocols on the market.
As expected, comparisons to Ethereum were drawn as he commented that even though Cardano took the slow and systematic development path through peer review, it still propelled Ethereum to PoS position.
“We were one of the first of the third generation to come to market with PoS. Ethereum is still not on PoS, and they were two years ahead of us…”
Additionally, Hoskinson also argued that Cardano was the first protocol to use the Extended Unspent Transaction Output (eUTXO) accounting model.
This is an adaptation of Bitcoin UTXO accounting model, which works by calculating the expense output of each transaction using past transactions. This allows new outputs to be spent by transactions in the future.
The eUTXO enhances the UTXO model by supporting expressive scripting, allowing for more sophisticated and complex operations.
In closing, the founder of Cardano said that it “irritates” him when people say we are slow. Even so, he has always argued that taking extra time is still the appropriate measure to build infrastructure that will still be there a hundred years from now.