The post Charles Hoskinson Challenges Ethereum’s Consensus Claims appeared on BitcoinEthereumNews.com.

Charles Hoskinson slammed Ethereum Researcher Justin Drake. Drake called out Cardano’s security model, claiming it puts users’ assets at risk. Hoskinson said that Cardano is built on Bitcoin’s decentralized model. Charles Hoskinson, the founder of the Cardano blockchain, criticized Ethereum researchers for failing to study the project’s advancements over the last seven years. His comments came after Ethereum researcher Justin Drake discussed Cardano’s security in an interview on the Paul Barron Network, a crypto-focused podcast. Drake claimed that Cardano’s consensus mechanism, Ouroboros, poses risks because it lacks penalties like slashing, where validators lose part of their staked cryptocurrency for malicious behavior. According to Drake, this allows attackers to act without consequences. Hoskinson refuted these claims in a post on X (formerly Twitter), stating that Ouroboros provides strong security without relying on slashing. He emphasized Cardano’s inspiration from Bitcoin’s decentralization principles, which are adapted to its Proof of Stake (PoS) design. This guy is the chief scientist??? I guess he doesn’t understand how nakamoto consensus works or Ouroboros, for that matter. Cardano’s security model was inspired by Bitcoin’s design. We don’t have BFT style rounds. You don’t need slashing, and it enjoys 50 percent byzantine… https://t.co/XvHO1aftBf — Charles Hoskinson (@IOHK_Charles) December 11, 2024 How Ouroboros Differs from Classical BFT Models Classical BFT protocols, used to some extent by Ethereum’s PoS, require validators to agree in rounds to finalize blocks and include slashing penalties for misbehavior. Hoskinson argued that Ouroboros avoids relying on such rounds and provides security through incentives and an innovative staking process. Cardano’s consensus mechanism can tolerate up to 50% Byzantine resistance—meaning it remains secure even if half of the network participants act maliciously—without needing slashing or traditional BFT methods. Hoskinson asserted that this capability sets Cardano apart. ADA vs. ETH: A Snapshot of Market Performance At the time…

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Filed under: News - @ December 12, 2024 7:20 am