Following Ethereum (ETH) co-founder Vitalik Buterin’s recent post on the benefits of staking and further network decentralization, Cardano (ADA) co-founder Charles Hoskinson poked fun at it amid accusations that Ethereum was copying Cardano.
Specifically, Hoskinson shared Buterin’s post and added an animated GIF of Muppet Kermit the Frog and actor Christian Bale nodding at one another, indicating he was mocking the statements presented in it, in a post on social media platform X published on October 8.
Indeed, the Ethereum pioneer shared in his October 7 post the advantages of suggested changes in staking design for users who do not possess enough resources to stake on their own, giving them a more involved role in staking and consensus participation.
Critique or obsession?
Subsequently, a number of members of the Cardano community have accused Ethereum of copying Cardano in the comments to the post, arguing that “Cardano pioneered liquid staking and delegating to pools for consensus years ago,” with “100% uptime, no messy hard forks, and is the most decentralized protocol as measured by block production/consensus.”
Replying to a comment about the perceived “obsession” with Ethereum, Hoskinson pointed out that “they literally just admitted they need to copy Ouroboros,” hinting at Cardano’s proof-of-stake (PoS) protocol that promises to provide and improve the security guarantees of proof-of-work (PoW) “at a fraction of the energy cost.”
Meanwhile, Cardano was at press time changing hands at the price of $0.2509, which shows a decline of 2.19% in the last 24 hours, as well as a 6.07% drop across the previous seven days, in addition to losing 1.51% over the past month, as per the most recent data on October 9.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
