Elon Musk’s Tesla Should Accept ADA, Says Cardano Founder Charles Hoskinson

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2 years ago

Elon Musk’s Tesla Should Accept ADA, Says Cardano Founder Charles Hoskinson

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

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

Tesla Should Go for Cardano (ADA)

In a recent interview with Lex Fridman, Charles Hoskinson highlighted the benefits of his proof-of-stake blockchain platform Cardano. He noted that the PoS system is much better in terms of energy consumption compared to its rivals. Moreover, he surmised that Cardano and its native digital asset should be the first choice for Elon Musk’s giant EV-maker Tesla:

”If they truly care about alternative energy, sustainability, carbon reduction, and carbon neutrality, you can’t be in a system where there is no built-in mechanism to constrain the energy consumption.”

As an alternative energy company, Hoskinson stated that Tesla should focus on the greenest cryptocurrencies, such as ADA, and not the high energy-consuming Bitcoin. Apart from the ecological damage, which it causes, the primary digital asset lacks many other qualities, according to Cardano’s founder:

”Bitcoin is the least programable of all the cryptocurrencies and if you want to do interesting, sexy, and unique things there is just no real way to do that.”

However, Hoskinson pointed out that all crypto projects are an experiment and hide their risks. Even though Cardano gained significant success recently, it is not 100% sure that in the future, it will fulfill its goals.

Cardano Is Better Than Ethereum

This is not the first time when Charles Hoskinson elevates Cardano over its rivals. In late May, he criticized Ethereum’s network by calling it overrated and outlining a lack of vital qualities. Subsequently, he revealed his three reasons why Cardano is the better blockchain project.

First, Cardano can operate with metadata and also with automated regulation. In his opinion, Ethereum can only process smart contracts while its rival can do that with governance and compliance.

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

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