Cardano founder “fundamentally rejects” the turtle hare analogy for the blockchain
Speaking to Crypto Mile, Cardano founder and Input Output CEO Charles Hoskinson discussed how blockchain can revolutionize the world.
During the discussion, the turtle-hare analogy was raised – which claims that Cardano is slow to release the development.
In a commentary on this, Hoskinson said that the analogy “irritates” him, and that he “fundamentally rejects” it on the grounds that Cardano has been first, or close to first, on several technologies.
Cardano has long been accused of being a turtle
Cardano is described as a third generation platform developed with formal methods to achieve the blockchain principles of scalability, interoperability and sustainability in a real world.
Formal methods refer to the use of the scientific method, which involves discovery, peer review and cryptographic research.
As a systematic and methodological approach, development releases have been delayed in the past. The latest example of this was the Vasil upgrade, which was originally scheduled for release on June 29.
However, after a core team meeting, it was decided to postpone the upgrade until the last week of July. Hoskinson said one factor in this was the mandate “aim three times and cut once” he sent out to engineers after the Terra implosion.
Hoskinson disagrees with these reasons
As for the turtle-hare analogy, Hoskinson clapped back, saying that Cardano was one of the first Proof-of-Stake protocols on the market.
As expected, comparisons were made with Ethereum when he commented that although Cardano took the slow, systematic path of development through peer review, it still sent Ethereum to the PoS record.
“We were one of the first of the third generations to be on the market with PoS. Ethereum is still not on PoS, and they had a two-year lead over us …”
In addition, Hoskinson also made a similar point that Cardano was the first protocol to use the accounting model Extended Unspent Transaction Output (eUTXO).
This is an adaptation of Bitcoin’s UTXO accounting model, which works by calculating each transaction expense using previous transactions. This means that new outputs can be used by transactions in the future.
The eUTXO model enhances the UTXO model by supporting an expressive script, enabling more sophisticated and complex operations.
Finally, the Cardano founder said that it “irritates” him when people say we are slow. Nevertheless, he claimed that taking extra time is always the right action to build infrastructure that will still be here in a hundred years.
