- John Wood, the CTO of Algorand Foundation, mentioned Cardano as an ecosystem with commendable delegated proof of stake protocols.
- In reply, Charles Hoskinson, the founder of the Cardano ecosystem, invites Algorand to be a side chain on Cardano.
- The proposal sparks different opinions amongst supporters of both blockchains.
The founder of Cardano, Charles Hoskinson, made an exciting proposal to John Wood, the Chief Technical officer of Algorand, a developer-focused blockchain.
The proposal was made after John Wood mentioned Cardano as one of the top-notch blockchains with an efficient Delegated Proof-of-stake protocol in a video. The Algorand Foundation’s CTO commented during his speech on staking in Algorand. In response, Charles Hoskinson proposed that its competitor, Algorand, should transfer codes onto the Cardano blockchain and become a side chain.
In addition, Charles Hoskinson offered to aid with any complications that may arise if the proposal is accepted.
The ambitious proposal has sparked interest in the crypto industry, with users of both blockchains sharing diverse opinions.
Charles Hoskinson’s Proposal Sparks Controversy
While this proposal surprised Crypto Twitter due to its spontaneity, it is not the first time Charles Hoskinson has made such bold moves. The former co-founder of Ethereum once pitched a similar proposal to Solana.
In his response to John Wood’s video, he emphasized the decentralized nature and developer-centric structure of the Cardano system, which he believes will complement the Algorand ecosystem.
While the proposal benefits the Algorand ecosystem, it challenges the developer-focused ecosystem.
Both blockchains use a decentralized proof of stake method. However, their staking system has a different touch that separates each feature. Cardano’s proof of stake version is the Ouroborus proof of stake, which enables stakeholders to gather their resources to form a stake pool.
Algorand utilizes a Pure proof-of-stake consensus mechanism that randomly selects a token holder as a block producer. The proposed block gets approved through a decentralized autonomous organization, a community of token holders.
The major difference in the consensus mechanism will make the move challenging if the proposal gets accepted.
Cardano Introduces Toolkit for Sidechains
Cardano and Algorand possess advanced tech and teams that explore the meticulous creation of developer-friendly products on their chains. Still, with Cardano having a headstart, the decentralized blockchain has successfully proven itself as a leading blockchain through its consistent ground-breaking developments.
While Algorand and Cardano have released major technological upgrades to their blockchain this year, Algorand’s growth has continued to deplete. The total locked volume on Algorand is $39 million, ranked as the 34th blockchain on DeFiLama.
Unlike Algorand, Cardano’s consistency with its technological developments made it one of the leading blockchains in the crypto industry.
The decentralized blockchain is currently working on launching a toolkit that enables the custom development of side chains. The toolkit is designed to help developers build specific features for sidechains. Cardano technological prowess makes it capable of hosting Algorand as a side chain. Algorand can benefit from Cardano’s interoperability and accessibility to more advanced products.
Despite the Algorand ecosystem’s challenges, the developer-focused blockchain is still a worthy competitor of Cardano. Algorand has some notable technical partnerships with global organizations like FIFA.
