• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: SEC Wants Blood: Coinbase Sued 1 Day After Binance
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: SEC Wants Blood: Coinbase Sued 1 Day After Binance

Ethereum Co-Founder Has His Doubts Over Cardano’s “Scientific Method”

Samuel Wan by Samuel Wan
2 years ago
in Ethereum
0

Much has been said about the rivalry between Ethereum and Cardano. The issue is compounded by Cardano Founder Charles Hoskinson having had a hand in Ethereum’s early days.

Some say Cardano’s design and philosophy are based upon improving the weaknesses Hoskinson identified during his time there. In particular, the slow and steady ethos, as well as the academic rigor it takes.

But in responding to the question of the role of deep research in cryptocurrency, Vitalik Buterin said it’s not all that it’s cracked up to be.

“I’m actually the sort of person who thinks deep academic rigor is overrated.”

Buterin Takes A Heuristic Approach To Solving Problems

Speaking on the Lex Fridman Podcast, Buterin commented on Cardano by saying the project offers interesting ideas. However, he posited that both projects take fundamentally different philosophical approaches, in that Ethereum focuses on speed over academic proofs.

“they really emphasize having these big academic proofs for everything. Whereas Ethereum tends to be more okay with heuristic arguments, in part because it’s trying to do more faster. But there’s definitely interesting things that come out of IOHK.”

A heuristic approach refers to any problem-solving method that uses a practical approach or shortcut to get solutions that may not be optimal but “will do” considering a limited time frame.

When pressed on the role of academic research in cryptocurrency, Buterin justified his position by calling it overrated. His reason for thinking this comes down to believing that protocol failures outside the model are more influential than failures within the model.

Add to that the limitations of formal language, as they relate to technology, and academic proofs are not as infallible as they are made out to be.

“Ultimately, what you’re trying to achieve can never be fully described in formal language. This is the big discovery of the AI safety people, right?”

Hoskinson Responds To Buterin

Speaking from Bitcoin 2021 in Miami, Hoskinson took time out to address Buterin’s comments.

Hoskinson began by acknowledging the different philosophical approaches of each project. But added they share a commonality in both wanting to better humanity through technology.

Nonetheless, when it comes to Cardano’s scientific approach, Hoskinson said this is the mature and responsible way to offset system failure. In turn, he sees this as critical to preventing the loss of user’s money and privacy.

“I just happen to believe the way we do things is a bit more mature and responsible because the way that we do things results in a better assurance that the systems we build won’t fail.”

What’s more, in addressing criticisms of being slow, Hoskinson said he’s in no rush to get things right the first time around when it comes to building life-affecting protocols.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Related Posts

Ethereum (ETH)

VanEck Says This Is When Ethereum (ETH) Will Reach $11,800

1 day ago
Ethereum

Ethereum Bearish Signal: Profit-Taking Transfers Spike

1 day ago
Ethereum

Bullish Signal? Ethereum Average Fees Declines 69% Since Early May

5 days ago
Ethereum Deribit

Ethereum Open Interest On Deribit At A 3-Year High

7 days ago
Ethereum (ETH)

Long Dormant $14.7 Million Ethereum ICO Wallet Surfaces After Eight-Year Slumber

1 week ago
Ethereum (ETH) Whales

Ethereum Whales On The Rise, Acquire Over $9 Billion ETH In 2023

1 week ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    5 days ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    5 days ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    5 days ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • MOOKY Price Prediction – the next Dogecoin (DOGE)?

    3 hours ago
  • Here’s why DigiToads (TOADS) and Floki (FLOKI) Remain...

    4 hours ago
  • Top 6 Crypto ICOs to buy now

    5 hours ago
  • Double The Value of Your Crypto Portfolio This Summer...

    8 hours ago
  • AiDoge Presale Hits $12 Million, but Could Chancer Be the...

    9 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.