Charles Hoskinson, the inventor of Cardano, has retaliated against those who have questioned the security measures taken by the Cardano blockchain.
Hoskinson recently criticised the competition for disseminating false information regarding the platform’s EUTXO concept in a tweet. He especially addressed a tweet from a user who stated that industry professionals were mocking the design decisions made for Cardano’s safe formal verification.
Cardano pioneered the Extended Unspent Transaction Output (EUTXO) paradigm in the blockchain industry.
By allowing users to spend unspent transaction outputs rather than account balances, it expands on the conventional UTXO paradigm employed by Bitcoin.
By adding smart contract capabilities to this strategy, the EUTXO model improves it while preserving the inherent security and scalability advantages of the UTXO paradigm. As a result of this architecture, transactions are more predictable and effective while the chance of certain security threats, such double-spending attacks, is decreased.
The potential weaknesses of smart contracts and their susceptibility to assaults by more skilled language model learners have been raised by critics, notably Robert Leshner (LLMs). The focus of the discussion has been Cardano’s EUTXO model, which some claim is less secure than competing models.
Nonetheless, supporters of Cardano have maintained that the blockchain’s stringent formal verification design decisions increase security rather than decrease it.
