Charles Hoskinson Cardano founder recently talked about his competitor Polkadot, Ethereum Algorand and Tezos and some of his favorite projects He said that Polkadot is a good example of The difference between an untrained genius designing something and a truly experienced engineer What he means is that God V is Vitalik who is very smart but This kind of cleverness is cleverness without training or not enough ability The founder of Polkadot, Gavin wood, did a good job and more pragmatic. The Polkadot team did not completely reinvent all of this. Instead, they made improvements based on Cardano’s Ouroboros consensus algorithm to apply to their own ecosystem In other words, V God is still relatively young to be interpreted like this It still lacks a little planning, so Gavin wood is what we call a senior engineer Anyway, they were born in 80 years Age is not too young, so in the whole Vision and future development are still much better than V-God Polkadot actually solves all the shortcomings of Ethereum and is stronger than him Ethereum is now developing into such an embarrassing situation.
It can be said that it is also a failure and a failure. He also said that Polkadot is easier to implement the sharding mechanism than Ethereum But it may not be so powerful at first However, Gavin wood was on the right path from the beginning, and the path of Ethereum seemed to start to go wrong from the beginning. Here I found a comparison between Cardano and Ethereum's handling fees You see, Cardano only needs to spend US$7,400 to move the value of US$14 billion. And Ethereum's almost 13 billion U.S. dollars need to spend 26.35 million U.S. dollars in handling fees So from this point of view This advantage is obvious Now that Ethereum is strong, he will be strong on the ecology of the ecological Ethereum. He cannot do without Ethereum. If he leaves Ethereum, he will die again.
But Cardano is only a few days away The upgrade of Goguen can accelerate the transfer of projects from Ethereum So in addition to the incredibly high handling fee, Ethereum has also chosen an incredibly complex roadmap. He said that this road map is like a road to hell with so many things and moving pieces How do you say in Chinese, it should be said that it is a mobile component So how to understand this is actually that the amount of code you have is the more code amount The probability of error is definitely higher. Just like when you use Windows 10 or previous Windows XP, it crashes from time to time, right? Of course Windows 10 is now a little better. Previous Windows 2000 Windows XP Inexplicable unresponsive blue screen. These are all because the code is too complicated and conflicts with other software. This is what he meant. He also said that Cardano had made the same mistake before.
Also spent a lot of time to correct He also said that there are two competitors, one is Algorand and Tezos. There are other Algorand founders called Silvio Micali Big Man from MIT This person is called Silvio Micali Then this Micali looks like a high IQ graduated from the Mathematics Department of the University of Rome in 1978. A bite of Italian English This is the project called ALGO Coinbase invested in this is his official website ALGO. Why did Charles Hoskinson mention him? Because Micali actually helped Cardano invent a lot of things In addition, the code written by the Micali team is also very beautiful. But Algorand could have become a better public chain In other words, the price must be higher than it is now, but he made a fatal mistake in terms of token distribution. At that time, Charles suggested that Micali should do an airdrop instead of issuing a token. If he did that, he estimated that Algorand At the very least, the market value of 5-10 billion US dollars will be reached now instead of how much it is now.
Instead of only about 1.9 billion US dollars now, it can be adopted by more development teams at the same time. And can increase the liquidity of this fund because it is really difficult to build an ecosystem in this market For example, if the current mobile phone operating system is not Android or Apple’s IOS, why doesn’t the third one appear? Because this ecological establishment does not happen overnight So Huawei’s ban on Google will take many years to make up for the lack of this ecosystem. In addition, he said that he has a project called Tezos. I think everyone should know that the project is called Tezos. He said that the Tezos community hates Charles very much, I don’t know why But Charles Hoskinson really appreciates the Tezos roadmap and their project The two Algorand and Tezos that Charles just said Can still be pledged For example, in Algorand, you see that the pledge ranking is fifth, and Tezos pledge ranking is seventh.
Of course, Cardano is now first. The price is still very strong except that it is green That sounds weird, isn’t it the only thing that’s green In the end, Charles said that he still likes his IOG partner, Ergo’s he is a Currently a relatively small Russian startup But he said he deserves to be among the top 20-30 of cryptocurrencies now Then this little friend who hasn’t heard of Ergo may not know too well. Let me tell you about Ergo. The price of Ergo is also ups and downs It used to be as high as one hundred and one hundred renminbi, but after it fell to one dollar, it’s starting to rise again. So what does Ergo do? Ergo is called Ergo in Chinese.
It is similar to the early Bitcoin. It is suitable for mining with graphics cards for personal computers. Becoming a decentralized value store rookie The CTO of Ergo, the co-founder named Alex, looks handsome, right? He also has a good background. He was once known as the core developer of the second-generation virtual currency representing the future currency, NXT. I saw that I was also the co-founder of Chainlink. Now Chainlink is the hottest project in the oracle sector. This is Chainlink Actually ranked one of the top ten. Of course, Alex has also participated in the development of Cardano ADA. He is the co-founder of Ethereum Charles' favorite blockchain technology developer The code developed by the Russians is indeed very powerful. You are like the Telegram we are using now and developed by the Russians. So if you have a good graphics card or an idle miner, you can also do mining Maybe someday the price of this currency will be the same as that of Bitcoin. You will have a surprise when you leave it open. Then I can see the current degree of decentralization of Cardano, which can be completely seen from this chart.
In addition, coinmarketcap’s Twitter said that this week’s most searched cryptocurrency rankings Let’s take a look at Pancakeswap up three places from last week ADA has not changed. It has always remained the second most popular. Look at Reef Bitcoin. And DODO Bakery token Bakery is Bakery is also a pool of liquid mining like Pancakeswap It’s a project of DeFI. I don’t know why Polkadot and Ethereum are not there.
According to reason, if Bitcoin is in Ethereum, Polkadot will basically be in the popular search rankings. Anyway data is not deceiving Explain that the consensus of most people is just such a few coins Look at Binance Zhao Shuangpeng’s Twitter and talk about every pump’s skyrocketing I slapped my thigh and I paraphrase it, right? I really hope I bought it during the last plunge Okay, today the video is here. I think it’s useful. Don’t forget to like and subscribe. See you next time..