Ethereum co-founder and Cardano founder Charles Hoskinson criticizes Bitcoin for lacking innovation, comparing it to outdated platforms like Yahoo and MySpace that have been replaced by more advanced technologies.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 argues that Bitcoin is “stagnant” and only valuable due to its large user base, taking advantage of its past success and massive size without introducing new features.
In contrast, Cardano is praised for its innovative approach and ability to incorporate new technologies. Hoskinson explains that Cardano is designed to evolve and meet market demands, 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.
Read more:
Michael Saylor’s prediction on Bitcoin’s astronomical price
Hoskinson also addresses sustainability, contrasting Cardano’s energy-efficient proof-of-stake (PoS) model with Bitcoin’s energy-consuming proof-of-work (PoW) model. This environmentally friendly approach makes Cardano appealing to investors who care about the environment.
While Bitcoin remains a market leader, Hoskinson believes that the constant innovation, active community, and sustainable practices of Cardano position it to potentially surpass Bitcoin in the future.
