As a seasoned analyst with over two decades of experience in the blockchain industry, I’ve seen my fair share of debates and discussions between leading figures like Justin Drake and Charles Hoskinson. It’s always intriguing to observe their perspectives, especially when it comes to comparing different networks like Ethereum and Cardano.
As an analyst, I recently came across a discussion between Justin Drake, an Ethereum Foundation researcher, and Charles Hoskinson, founder of Cardano, in a recent post on their platform. In this conversation, Drake expressed his thoughts about the Cardano network, which Hoskinson addressed.
Justin Drake recently appeared on the Paul Barron network program, during which he talked about the potential Beam Chain update aimed at improving Ethereum’s consensus layer with quicker finality and integration of zero-knowledge proofs. The conversation touched upon questions such as “Does liquid staking pose an immediate challenge to Ethereum?” and “Is Cardano’s staking system superior to that of Ethereum?
The topic in question raised some misconceptions, leading Hoskinson to elaborate on the strong security model that supports the project, which he drew inspiration from for Bitcoin‘s design.
Hoskinson explained, “It seems he might be unaware of how Nakamoto consensus or Ouroboros operates, including Cardano’s case. You see, Cardano’s security model is based on Bitcoin’s design. Unlike other systems, we don’t follow a BFT-style approach with scheduled rounds. He emphasized that Cardano’s method doesn’t involve slashing and offers 50% resistance to Byzantine attacks.
It appears this individual may not grasp the intricacies of Nakamoto consensus or Ouroboros; Cardano’s security model draws inspiration from Bitcoin’s design. Unlike systems using BFT (Byzantine Fault Tolerance) style rounds, Cardano doesn’t require slashing and boasts 50% Byzantine fault tolerance.
— Charles Hoskinson (@IOHK_Charles) December 11, 2024
Instead of the traditional Byzantine Fault Tolerance (BFT) methods, Cardano operates under a unique understanding of finality. Interestingly, Charles Hoskinson has expressed amazement that, even after seven years, Ethereum’s researchers have yet to explore Cardano’s research or delve into its network. This lack of interaction has resulted in misconceptions about Cardano’s functionalities and protective measures.
X community react
A significant number of users offered insights on Paul Barron Network’s tweet, clarifying the misunderstanding it initially presented.
It’s said that Cardano doesn’t allow for the simultaneous finalization of contradictory checkpoints. Theoretically, such conflicts could be resolved within 36 hours, but in most instances, they get quickly resolved in just 40 seconds.
It’s a common misconception to believe that Cardano, similar to Ethereum, experiences the same inconsistencies that make slashing unnecessary. However, this perspective is incorrect according to the founder of Cardano, who has consistently maintained that while slashing does occur in Proof-of-Stake (PoS) networks like Ethereum as a form of punishment for violations such as double signing or invalid transactions, Cardano actually requires slashing and not merely lacks it.
Read More
- FIS PREDICTION. FIS cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- Tips For Running A Gothic Horror Campaign In D&D
- EUR CAD PREDICTION
- XRP PREDICTION. XRP cryptocurrency
- OSRS: Best Tasks to Block
- Luma Island: All Mountain Offering Crystal Locations
- DCU: Who is Jason Momoa’s Lobo?
- INR RUB PREDICTION
- EUR ARS PREDICTION
2024-12-12 15:52