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December 9, 2022
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Tesla of Elon Musk must accept ADA

Charles Hoskinson believes that ADA is superior to BTC, and Tesla should adopt it as a payment method rather than primary cryptocurrency.

Charles Hoskinson – the founder of Cardano – said the project’s native ADA cryptocurrency is one of the greenest digital assets. He further opined that Tesla (TSLA) should choose him if it really cares about environmental sustainability.

Tesla of Elon Musk must accept ADA

In a interview With Lex Fridman, Charles Hoskinson highlighted the benefits of his Cardano bet proof blockchain platform. He noted that the PoS system is much better in terms of power consumption compared to its rivals. Furthermore, he assumed that Cardano and his native digital asset should be the first choice for Tesla, maker of giant EV Elon Musk:

“If they really care about alternative energy, sustainability, carbon reduction and carbon neutrality, you can’t be in a system where there’s no built-in mechanism to restrict energy consumption.”

As an alternative energy company, Hoskinson said Tesla should focus on greener cryptocurrencies such as ADA rather than energy-hungry Bitcoin. In addition to the ecological damage it causes, the primary digital asset lacks many other qualities, according to Cardano’s founder:

“Bitcoin is the least programmable of all cryptocurrencies and if you want to do interesting and unique things, there’s just no real way to do it.”

However, Hoskinson pointed out that all cryptoactive projects are an experiment and hide their risks. Although Cardano has had significant success recently, there is no 100% certainty that he will achieve his goals in the future.

Cardano is better than Ethereum

This is not the first time Charles Hoskinson has elevated Cardano above his rivals. In late May, he criticized the Ethereum network, calling it overrated and highlighting the lack of vital qualities. He later revealed his three reasons why Cardano is the best blockchain project.

Firstly, Cardano can operate with metadata as well as automated regulation. In his opinion, Ethereum can only process smart contracts, while its rival can do it with governance and compliance.

Second, Ethereum has never cooperated with local governments in developing countries to benefit their citizens, whereas Cardano has done so in Ethiopia, Tanzania and Georgia.

Third, Hoskinson opined that Ethereum has a very confusing structure, and the next release of ETH 2.0 will lead to the end of the entire network:

“First of all, Ethereum is killing itself. They are replacing Ethereum with Ethereum 2.0. In the end, ETH 2.0 will kill ETH 1.0. ”

Source: CryptoPotato

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