- Charles Hoskinson commented that Cardano has created an excellent staking pool.
- The Cardano co-founder added a graph comparing the staking of Cardano and Ethereum.
- The graph showed that the number of wallets participating in Cardano’s staking is greater than that of Ethereum.
Charles Hoskinson, the co-founder of the Cardano blockchain platform, remarked that Cardano has realized the community’s thoughts about building an excellent staking protocol, adding that the platform “made it happen”.
Notably, on April 3, 2023, Hoskinson shared a Twitter post commenting “Cardano is pretty special”:
Cardano is pretty special. It's almost like a lot of people thought about how to build an excellent staking protocol years ago and made it happen pic.twitter.com/SydlMTYyy1— Charles Hoskinson (@IOHK_Charles) April 3, 2023
In addition, he incorporated a graph into his tweet, picturing the number of unique wallets that participate in staking. The chart compares the staking of Cardano and the Ethereum blockchain, where the former leads.
Number of Unique Wallets Participating in Staking
Interestingly, the official page of the Cardano platform has presented a detailed sketch of the staking pools, describing its features and procedures. The platform defines a stake pool as “a reliable server node that holds and maintains the combined stake of various stakeholders in a single entity”. The platform added:
Stake pools may be either public or private. A public stake pool is a Cardano network node with a public address that other users can delegate to, and receive rewards. Private stake pools only deliver rewards to their owners.
Significantly, the wide range of comments that Hoskinson received for his claim seemingly shows the intensity of support that his platform holds. The popular Twitter user under the name Lucid commented that Cardano is the “largest decentralized financial product in the world by delegator count and market cap”.
However, some of the community members criticized the Cardano founder for comparing the platform with Ethereum, warning that Cardano would fail as long as it is compared to Ethereum.
The post ‘Cardano is Pretty Special,’ Says Founder Charles Hoskinson appeared first on Coin Edition.