In an interview, Cardano’s founder Charles Hoskinson said that Cardano had a superior proof-of-stake (PoS) strategy over Ethereum. Charles Hoskinson gave his opinions on creating Cardano, upgrading Vasil’s hard fork, launching Dapps, the LACE light wallet, decentralization, CBDC, the metaverse, and other topics.
On September 22, the IOG/Cardano Foundation team succeeded the Cardano Vasil fork and as a result, ADA marked a 4% price increase. At the time of writing, ADA is currently trading with a 0.14% price increase over the past 24 hours at $0.4505.
It has traded as low as $0.4467 and as high as $0.4791.ADA trading volume is $1,012,137,252 and the market capitalization is $20,230,401,425. According to experts, a rise in the ADA price above $0.55 will be bullish and drive the rally closer to $1.
Cardano Vasil is a recent Cardano upgrade in the hard fork ecosystem
In an interview with CheekyCrypto on the day of the Vasil hard fork, Charles Hoskinson provided answers to questions about Cardano, the Vasil hard fork, and the most recent changes to the Cardano ecosystem.
He started working on Ethereum because it has a layer-1 programmable blockchain, whereas Bitcoin does not. Ethereum’s lack of scalability and status as a proof of concept, however, excludes its usage in enterprise-grade and large-scale government applications.
According to Hoskinson, the Ethereum PoS mechanism tends to be “hyper-centralized” and has poor economics. In 2015, he was inspired to create the Cardano ecosystem, which has an improved PoS architecture, decentralization and economics.
The Plutus v2 scripts, diffusion pipelining, reference inputs, inline datums, reference scripts, and data serialization primitives are among the new features added by the Vasil hard fork. It will enhance the Cardano network’s performance, usability, scalability, and interoperability. He concluded by criticizing the CBDC idea, which increases government power. He claims that if people like SEC Chair Gary Gensler are given more power, a huge bear market might occur.
