Cardano founder: BTC was extremely centralized in its early days

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Cointime2023/12/02 05:33

By:Cointime

In a video this week, Cardano founder Charles Hoskinson believes that on the first day of BTC's creation, Satoshi Nakamoto had 100% of the computing power and had complete and absolute control over the Bitcoin network, with no concept of a Fair Launch. Hoskinson believes that he (Satoshi Nakamoto) may have mined a "significant amount" of supply in a completely centralized manner and funded his (Satoshi Nakamoto's) vacation by providing the proceeds to others. This actually creates a nature of transaction, different from ICOs.

In addition, Hoskinson stated that if Satoshi Nakamoto had accepted the innovation of smart contracts when launching Bitcoin, the reality would have been to strive towards giving power to individuals. In fact, there are more similarities than differences between cryptocurrency projects, but (Bitcoin) extremists are still attacking the competition. (CCN)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Share link:In this post: Cardano has deployed its first zero-knowledge smart contract on the mainnet through the use of the Halo 2 zkSNARKs. The technology allows for secure and private verification of computations with the help of the network without disclosing sensitive information. ADA recently crossed the $1 level and went as high as $1.15 before a 17% drop.

Cryptopolitan•2024/11/27 03:33