Charles Hoskinson explains advantages of Cardano over Polkadot

Recently, Charles Hoskinson, Co-Founder and CEO of IOHK, explained the key differences between Cardano ($ADA) and competing smart contract platform Polkadot ($DOT).

Hoskinson’s comments about Dogecoin were delivered during a conversation with MIT AI Researcher Lex Fridman on episode #192 of the “Lex Fridman Podcast“, which was released on June 16.

As reported by The Daily HODL, Hoskinson said:

The big contrasts between the two systems though, we actually are made of multi asset. We have a different accounting model. I think our base ledger is far more expressive. Our rate of evolution with proof of stake is much faster than theirs because they’re based on derivative work, and we already have Ouroboros Omega and other things there.

I think ultimately a better sidechain will come because we have something called Mithral for that. But we learned a lot from their work.

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