[ccpw id="39382"]

HomeCrypto NewsMarketCharles Hoskinson Says Algorand Should Become a Cardano Sidechain, ALGO Community Reacts

Charles Hoskinson Says Algorand Should Become a Cardano Sidechain, ALGO Community Reacts

Date:

Written By:

Several members of the Algorand community mock Charles Hoskinson for saying Algorand should consider becoming a sidechain of Cardano.

In a recent issue, Cardano founder Charles Hoskinson got entangled with members of the Algorand community following a Wednesday comment he made. This resulted in several mockery gestures being thrown at the ADA token creator.

Following a Twitter broadcast hosted by Algorand’s Chief Technology Officer (CTO) John Woods, Hoskinson was compelled to throw a jab at the ALGO project. The CEO at Input Output Global (IOG) taunted that Algorand should consider becoming a part of Cardano as a sidechain, sarcastically adding that he is always ready to help the ALGO team.

- Advertisement -

He said: “It might be prudent for Algorand to consider becoming a sidechain of Cardano. Always here to help.” For context, any separate blockchain connected via a two-way peg to another blockchain called a parent chain or mainnet is dubbed a sidechain. 

 

Algorand Community Reacts

Reacting to this, several Algorand community members blasted Hoskinson and the Cardano blockchain. Among those who attacked Hoskinson was the Algorand France community, who ridiculed the personality of the  IOG Chief by depicting Hoskinson as an aged man in a meme. The meme read, “It’s time to go to sleep, Charles.”

- Advertisement -

 

Woods also commented in the discussion, implying that Cardano would benefit more if such ridiculous sidechain development occurred. “You know sidechains help parent scale, right?” Woods said. Another user submitted that Hoskinson was not joking about supporting the Algorand project. Another suggested that “sidechain” be renamed to “partner chain” so that one network doesn’t appear inferior.

Hoskinson Stays Quiet

It bears noting that Hoskinson’s comment came sequel to some berating remarks earlier made by Algorand CTO John Woods during a Wednesday broadcast.

Notably, Woods talked down the staking mechanism adopted by the delegated proof of stake (DPos) Cardano blockchain in a bid to hail Algorand. According to Woods, Cardano’s staking approach is not completely decentralized compared to the mechanism adopted on the Algorand network.

While Hoskinson offered no response to these inciting remarks from some members of the Algorand community, it bears noting that the IOG Chief recently heralded the staking protocol of Cardano. As reported, he revealed that all his ADA holdings are staked, unlike Vitalik Buterin, who said he can only stake a small portion of his ETH holding because of the safety issues on the Ethereum staking protocol. 

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

Author

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

More from Author

Latest Stories

Guides