Cardano founder Charles Hoskinson has sparked debate within the crypto community following his response to Ethereum’s recently unveiled privacy initiative.
Over the weekend, the Ethereum Foundation unveiled an ambitious roadmap to introduce end-to-end privacy features to the network.
Ethereum New Privacy Push
A core part of this initiative involves rebranding the network’s existing Privacy & Scaling Exploration initiative as Privacy Steward of Ethereum (PSE).
Notably, the Ethereum Foundation laid out several near-term goals it aims to achieve through the newly rebranded PSE. Over the next 3-6 months, PSE will focus on developing privacy-focused L2 network PlasmaFold to enable private transfers, along with tools for confidential voting and enhanced privacy in decentralized finance (DeFi) applications.
It also plans to address data exposure in RPC services and develop private identity solutions using zero-knowledge proofs.
The development comes at a time when the U.S. is exploring proposals to embed government identity checks directly into smart contracts. However, the crypto community kicked against the proposal, with Ethereum’s co-founder Vitalik Buterin referring to privacy as a core human right.
Cardano Founder Reacts
Meanwhile, Charles Hoskinson took to X to react to Ethereum’s newly proposed privacy initiative. In a post yesterday, the Cardano founder shared a popular meme GIF of Christian Bale nodding in apparent agreement with Kermit the Frog.
This suggests that Hoskinson acknowledges and likely agrees with Ethereum’s new privacy initiative. It is worth noting that Cardano has consistently framed privacy and security as the core pillars of its blockchain development.
Cardano Privacy Initiatives
Since its launch in 2017, the Cardano team has researched and implemented several zero-knowledge technologies over the years. This has given rise to several privacy-focused initiatives on Cardano, most notably Midnight, a layer-2 blockchain that prioritizes privacy.
Specifically, Midnight is designed to protect users’ data by verifying transactions using advanced zero-knowledge proofs. Interestingly, the Cardano founder has recently hinted at plans to launch a privacy-focused stablecoin on the network, aiming to keep users’ transactions confidential.
It is worth noting that Hoskinson was involved in the early development of Ethereum. While Ethereum commands a larger developer base and market share, Hoskinson has consistently positioned Cardano as the more research-driven project committed to long-term sustainability.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
