Charles Hoskinson highlights the main differences between Cardano and its rival Polkadot. emerged
Charles Hoskinson from Input Output Hong Kong (IOHK) shares what sets Cardano apart from its competitor Polkadot.
Charles Hoskinson – father of Cardano
in a meeting interview Recently, Hoskinson told artificial intelligence (AI) researcher Lex Fridman that Cardano has key fundamental advantages over the Polkadot (DOT) blockchain ecosystem.
“The great contrast between these two systems consists of many advantages. We have a different billing model. I think our base book makes a lot more sense. Our development speed with PoS is much faster than theirs because it is based on derivative work and we already have Ouroboros Omega and other things there. “
“I think there will be a better sidechain in the end because we have something called Mithral. But we have learned a lot from their work. “
Hoskinson adds that Cardano’s model is better than Polkadot’s in terms of governance.
“Another point is that I think we have thought more carefully about governance. And we have Catalyst and Voltaire. What really matters here is how it can be ensured that every data owner can participate in the network? That wasn’t the ultimate design priority for Polkadot. It’s quick commercial adoption, customer acquisition. The administration is behind. These are just different business philosophies. “
Hoskinson called Polkadot a “big” competitor and said it should be the next version of Ethereum.
“Polkadot is like Ethereum 1.5. This is what ETH 2.0 should be like. That’s what Vitalik Buterin wants to do, extremely aggressive and great, but it takes a lot of risk to implement this plan. I think they lost six years with it. If they had walked the Polkadot route, they would have been on the market in 2018. “
According to Dailyhodl