Charles Hoskinson explains why he created the Ethereum and Cardano.

Charles Hoskinson, a founder of the Ethereum and now the founder of Cardano (Ada) crypto money, took part in an interview to talk about his motivation to create crypto currencies. Also, we have discussed options for the best smart contract platform currently on the market.

Charles Hoskinson explains why he created the Ethereum and Cardano.

Hoskinson stated that there were disagreements about the level of functionality that a network should have at the base layer and explained the reasons for establishing Ethereum and Cardano. For him, it was a financial system to be created. In addition, Hoskinson says about the implementation of side chains in the Cardano network::

We have much better features with the way we approach the side chains, including new cryptographic primitives. The chains are secure from each other, so you don’t need a federation for peg. And we put our money in our mouths, we apply it. We created them for both POW and POS currencies.

Cardano’s founder: “Blockstream did a good job.”

He says the topic of developing scalable solutions for the Bitcoin network is “extremely frustrating.” Hoskinson says that it performs about the work Blockstream:

Blockstream did a good job. (Rusty) Russell wrote Simplicity, a great programming language, and a good substitute for Bitcoin’s script. I think all the visions are on a good road with lightning. I hope that the bitcoin community will eventually lose its throne and be a little more enthusiastic to encourage innovation to get it back.

Why did Charles Hoskinson leave the Ethereum project?

When asked Which one he chose for the best smart contract platform, the first answer to Hoskinson was Ethereum. He also talked about Vitalik bhuterin, one of the most influential people in the field of Ethereum. Hoskinson adds to his statements::

What Vitalik does with the Ethereum is a perfectly legitimate approach. Casper and plasma are really important. If they can achieve this vision in two or four years, this will be a major innovation for the Ethereum ecosystem. If they succeed, they become a great platform to deploy smart contracts.

Hoskinson’s departure from the Ethereum and the launch of Cardano stem from disagreements over economic and governance issues and the emergence of new features

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