Cardano Founder Takes Jab at Internet Computer

01/16/2024 03:10
Cardano Founder Takes Jab at Internet Computer

Cardano's Charles Hoskinson has humorously retorted to Dfinity's claim about their new canister storage capacity

Cardano's Charles Hoskinson has humorously retorted to Dfinity's claim about their new canister storage capacity

Cardano Founder Takes Jab at Internet Computer

Cover image via unsplash.com

In a recent social media exchange that caught the eye of the cryptocurrency community, Charles Hoskinson, the creator of Cardano, offered a sarcastic response to a boastful social media post by Dfinity. 

Dfinity spotlighted a significant upgrade in their Internet Computer (ICP) protocol, claiming that their canister smart contracts can now hold a vast 400GiB in stable memory. 

This upgrade, they noted, is capable of storing around 17.4 million Ethereum smart contracts, or the entire Cardano blockchain -- twice. 

Hoskinson humorously replied, "Thanks for storing Cardano. You can always use that canister to rebuild ICP if you ever need to." 

Inside the tech: Internet Computer's canisters

The Internet Computer, Dfinity's ambitious blockchain project, aims to revolutionize how decentralized applications (dapps) are run. 

Its latest advancement involves "canisters," which are essentially high-capacity smart contracts. These canisters allow developers to deploy dapps written in various languages as WebAssembly modules. 

Unlike traditional containers in software, these canisters don’t just execute code; they also store the application's state, significantly enhancing the efficiency and scalability of the blockchain applications they host.

Dfinity and Cardano 

In April 2022, Dfinity welcomed a familiar face from the Cardano camp, Eva Oberholzer, as their new chief growth officer. It was a strategic move aimed at pushing Internet Computer into the mainstream. Hoskinson's congratulatory message back then was seemingly a sign of the respect that these blockchain projects have for each other. 

In 2021, Hoskinson welcomed Dfinity to "major leagues" in a social media post. 

Looks like we have another third gen entering the arena. Lots of stuff to read this weekend. Welcome to major leagues Dfinity. pic.twitter.com/ERQVcHdcdy

— Charles Hoskinson (@IOHK_Charles) May 11, 2021

Fast forward to early 2024, the Internet Computer project is gaining ground, with the ICP token now outpacing Shiba Inu in market performance.

About the author

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Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

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