ADA Vs ICP Banter: Cardano’s Charles Hoskinson Takes a Swing at Internet Computer

Estimated read time 3 min read
  • Cardano founder Charles Hoskinson engages in playful banter with Internet Computer (ICP) after Dfinity boasts about an upgrade allowing their canister smart contracts to hold 400GiB in stable memory.
  • The exchange reveals the competitive yet amicable relationship between the two blockchain projects in the evolving landscape of decentralized finance.

In the dynamic world of cryptocurrencies, a recent exchange between Charles Hoskinson, the brain behind Cardano, and Dfinity, the force driving Internet Computer (ICP), has stirred up a playful rivalry that has the crypto community buzzing. The spotlight was on Dfinity’s recent boast about a substantial upgrade to their Internet Computer protocol, claiming their canister smart contracts can now accommodate a whopping 400GiB in stable memory.

Dfinity’s announcement emphasized the enormity of this upgrade, noting that it could store approximately 17.4 million Ethereum smart contracts or even the entire Cardano blockchain, twice over. Charles Hoskinson responded with characteristic wit, saying, “Thanks for storing Cardano. You can always use that canister to rebuild ICP if you ever need to.”

At the heart of Internet Computer’s latest advancement are its revolutionary “canisters.” These high-capacity smart contracts go beyond mere code execution; they also store the application’s state, significantly enhancing the efficiency and scalability of the blockchain applications they host. In essence, Internet Computer aims to redefine how decentralized applications (dapps) operate, providing developers with a robust platform for deploying dapps written in various languages as WebAssembly modules.

Interestingly, the banter between Cardano and Internet Computer wasn’t always lighthearted. In April 2022, Dfinity strategically welcomed Eva Oberholzer, a prominent figure from the Cardano camp, as their new chief growth officer. This move was aimed at propelling Internet Computer into the mainstream, and Charles Hoskinson’s congratulatory message at the time hinted at a mutual respect between the two blockchain projects.

Back in 2021, Hoskinson had welcomed Dfinity to the “major leagues” in a social media post. As we fast forward to early 2024, the Internet Computer project is gaining significant ground, with the ICP token even outpacing Shiba Inu in market performance.

The banter between Cardano and Internet Computer not only highlights the competitive spirit within the crypto space but also underscores the camaraderie that can exist between blockchain projects. In an industry driven by innovation and disruption, these exchanges contribute to the vibrant and dynamic nature of the crypto community. As blockchain technologies continue to evolve, so too will the good-natured jabs and mutual admiration between the pioneers shaping the future of decentralized finance.

vivian

Vivian Njoroge is a seasoned crypto and blockchain news writer with a passion for decoding the complexities of the digital financial world. Armed with a keen eye for emerging trends and a knack for simplifying intricate concepts, Vivian brings a unique blend of expertise and enthusiasm to her writing. Her articles, characterized by clarity and depth, aim to keep readers abreast of the ever-evolving landscape of cryptocurrencies and blockchain technology.

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