Cardano has adopted the best technologies and concepts from Bitcoin and Ethereum. The IOG team took inspiration from the best available technologies. They thoroughly researched all concepts to verify their safety and would be able to improve them. They subsequently linked the different technologies in one project in such a way that further innovations are feasible. Bitcoin’s key technologies include the Nakamoto consensus and the UTXO model. The most significant innovation of the Ethereum project is the ability to issue tokens and the ability to use the Solidity programming language to write a smart contract. Based on the research, the team created Cardano and implemented it using formal methods. The implementation is at a very high level which is comparable to software for NASA, hospitals, or nuclear power plants. Why is Cardano the way it is? We must look to the past for answers. Charles Hoskinson was one of the first people to teach about Bitcoin, and he was also one of the co-founders of Ethereum.
TLDR
- Before founding Cardano, Charles taught about Bitcoin and co-founded Ethereum.
- Principles and ideals are as important to the project as technology.
- Cardano uses Nakamoto-style PoS consensus.
- The IOG team has created an Extended UTXO model that allows higher programmability than Bitcoin.
- Cardano does not need a smart contract to create and transfer tokens as it treats them natively.
- Just as political movements or parties survive their founders, protocols can survive their spiritual fathers or developers.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/why-cardano-has-the-best-of-bitcoin-and-ethereum