As a seasoned crypto investor with a keen eye for technological advancements and market trends, I find myself intrigued by Charles Hoskinson’s latest remarks about Solana and the Sui network. Having closely followed both projects since their inception, I can appreciate Hoskinson’s perspective on the matter.
Charles Hoskinson, the founder of Cardano, once more subtly criticized the Solana network, while expressing admiration for the Sui network as a potential superior choice. Despite his enthusiasm for Sui, Hoskinson maintained that Cardano still holds the top spot, offering compelling reasons to back up his belief.
Cardano Founder Shades Solana
In a recent post, Charles Hoskinson, the founder of Cardano, expressed that Sui network is what Solana could have been. This suggests that he finds Sui to be a superior choice compared to Solana, which is among the top layer-1 blockchains. His comments followed his discovery of Sui’s development, and he commended George Danezis, one of the initial contributors, for the successful realization of his work. He also wished them “great success in the field.
On previous occasions, Hoskinson hasn’t held back his criticism towards Solana, particularly during the ongoing debate between Cardano and Solana. Early in the year, he expressed his view that while Solana has a robust ecosystem, it doesn’t seem to be delivering tangible network value.
In February of this year, when there was an outage with Solana, Hoskinson humorously suggested that the developers might simply restart the network to resolve the issue. On another occasion, he expressed his view that Solana has been overly focused on marketing and not enough on delivering tangible value.
In his recent statement, Hoskinson responded to Edward Snowden’s assertion that the Solana network is centralized. He pointed out that such centralization might pose a significant risk, as any regulatory action against Solana could potentially disrupt everything constructed on it.
“Cardano Is Still Number 1”
Despite Hoskinson’s praise of the Sui network, the Cardano founder is confident that his network is still the leading blockchain in the space. He said,
As a dedicated researcher, I find myself consistently drawn to the undisputed leadership of Cardano. Its unique decentralized governance sets it apart from the rest, and its impressive roadmap is filled with promising future developments that leave little room for competition.
In his post about how Sui is what Solana should have been, he added that he thinks Cardano’s approach is “superior for a long list of reasons.” However, he admitted that Sui has some real innovations.
Last month marked the activation of Cardano’s Chang Hard Fork, initiating what is now known as the Volatiare era – an emphasis on decentralized governance. Previously, Charles Hoskinson has pointed to this network update as a key factor that gives him optimism about his network being at the forefront for many years ahead.
It’s worth mentioning that on one occasion, he confidently stated that Cardano could surpass Bitcoin, arguing that Bitcoin seems to have hit a plateau whereas his platform, in his view, has not only fulfilled Satoshi Nakamoto’s original concept but also exceeded it.
One of the amazing roadmap items that the Cardano founder could have been referring to is the Midnight protocol. The Midnight protocol testnet recently went live and is a privacy solution that could further boost Cardano’s value proposition.
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2024-10-05 18:21