Cardano vs EOS: Charles Hoskinson explains how the two blockchain platforms are different 22325
News
Pinaz Kazi
Sep 4, 2018 at 4:38 PM

In a recent interview, Cardano co-founder, Charles Hoskinson, spoke about a number of issues related to crypto market where he pointed out some of the issues related to EOS. In the interview with Andrew McDonald at the Blockchain Futurist Conference in Toronto, Hoskinson spoke about the Dan Larimer’s EOS blockchain.

Cardano vs EOS

EOS uses Delegated Proof of Stake (DPoS) consensus mechanism sacrificing the decentralization for speed, believing that it is “decentralized enough” as it is censorship resistant, Cryptobriefing reported. Rigorous tests on the EOS platform’s censorship resistance is yet to be done. However, the blockchain has already faced a lot of scrutiny from the beginning of their mainnet launch for censoring transactions and for blacklisting some addresses.

EOS and Cardano differs from each other mainly because, Cardano is not ready for such concession. He said, “If you need to ask yourself if you’re okay with centralization and control, then why have a blockchain at all?” He further explains, “The purpose of Cardano is to step back and have a more layered architecture…With Cardano we are doing innovation, and that moves the tradeoff profile [between centralization, security, and speed]. What Dan Larimer did was say “I have a philosophy that this tradeoff profile is acceptable, so I am going to take old ideas and make them new.”

According to Hoskinson, the goal of his team is to build a blockchain from the ground up, “What we’ve done with Cardano is start with asking ourselves what a blockchain is. Does proof of work actually make a blockchain secure? Is there a way to build PoS with the exact same outcome? […] Can we do things in a way where we can achieve classical performance with decentralization so that we’re moving the tradeoff profile in a certain way? […] Every time Cardano publishes a paper we are taking a step forward.”

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Cardano’s venture capital firm Emurgo launches “light-client wallet”, Yoroi

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