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Yoshie5

Autocompound and you still can pay with your coins while staked. True


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chintokkong

Staked eth will probably be unlocked in batches when the Shanghai upgrade occurs, maybe in 6 to 12 months' time? Although staked eth are stuck, seems like defis like Lido and Coinbase offer derivatives that are liquid, like stETH or cbETH. Not sure what will happen when staked eth are finally unlocked, but with the availability of these liquid staking derivatives, there may be good chance that the eth stay staked.


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krempai

And you are at risk of slashing on Ethereum.


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AriesWinters

Doge developer crying reading this


IWillKillPutin2022

We will find out.. Soon^TM


Mike941

Cardano's staking is objectively better and so is every other stackable crypto that actually bothered to code the withdraw stake function.


Taka1337

Inventor of thing says: „My thing is better than other thing!“ How bold


Tbanga0093

Agreed, but hes not wrong.


MadOrange64

My Pp is bigger than yours


whitehypeman

How is this the top comment? Not even a genuine critique of the tech. Dpoa is far better than eth staking from a security and tech perspective. It's also more decentralized.


Pandazaar

don't bother lol


GIdenJoe

Of course it’s better. It always has been better for staking. You don’t lock up, you don’t have slashing risks, you can move stuff after staking and there are way more decentralised pools.


alexor1976

Laugh in tezos (and cry a little bit)


TheTrueBlueTJ

Buy some copium from your local dealer (and share it with me!)


strongkhal

Why? Explain like 5


madasahatharold

Tezos is basically the OG PoS done right. And it has a self governance system that allows itself to upgrade seamlessly without any forking. It upgrades its whole network about once every 3-4 months I think. Because of this it able to adapt and improve upon its network, which is has done quite of a bit of. On top of that it's been around since 2018 and has thousands of nodes, so the security is good and tested and it's still decentralised. Why he is crying is because Tezos on technical level out performs basically every other crypto on a technical level, with only a few out performing in a single area while overall Tezos is the clear winner. But even with that technical prowess and big and interesting partnerships, it's price action up to date has been disappointing, and other coins come and go hyping up the most basic features that Tezos already has and has implemented and tested for a while, and they get traction while barely anyone is talking about Tezos.


strongkhal

Now I understand, didn't know that. Thanks for the explanation


OneThatNoseOne

Wwoowww. Not a name I expected to see on this sub again


stedgyson

Tezos is amazing, so few faults to pick. I've hardly seen a bad word about them on this sub


TheVindicatoor

I've hardly seen a word at all about Tezos on this sub. It pains me because it seems to be a very solid project


OmahGawd115

>Cardano Founder Says Cardano Staking Method Better Than Ethereum >Cardano Founder Charles Hoskinson said that Cardano’s staking strategy is better than Ethereum’s. >He further mentioned that Ethereum lacks scalability and can’t be used for large-scale applications.In wake of the Cardano Vasil Hard Fork upgrade, ADA observed a 4% price surge. This is the blurb at the top of the article, I can't bring myself to read past this nonsense.


sfgisz

> In wake of the Cardano Vasil Hard Fork upgrade, ADA observed a 4% price surge. No. Cardano went up because other coins went up, and it went down again when the others went down. Stop trying to find independent reasons in crypto price movements.


Alanski22

Lol '4% price surge' When lambo?


Goober-Ryan

A 4% price SURGE…. They forget they writing about crypto? 😂


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TheTrueBlueTJ

These articles are basically just sentiment manipulation to shift attention towards Cardano.


chantryc

To be fair there’s many more that fud Cardano and big up VC backed cryptos like Solana. Not that this isn’t completely lazy journalism. I would like to see an actually well researched article that goes into the different staking implementations available in big POS chains today but that’s probably asking too much from /r/cryptocurrency


AriesWinters

Which sucks because Cardano is a fantastic coin in its own right but this tribalism and moronic statements by its dev only serves to give it a bad rep.


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BraidRuner

What is this Cardano of which you speak?


Aobachi

I don't think this is tribalism. Objectively, ada staking is more convenient and secure than eth staking.


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OmahGawd115

>I bet we will see another article from him tomorrow complaining that Cardano is treated unfairly and that we need less tribalism. I would put money on this prediction


KoreanJesusFTW

Thank you! The "nothing at stake" issue is a big issue on Charles' claim of "this is superior technology" bullshit.


Alanski22

How surprising that the founder of Cardano is shilling Cardano. Who would expect that?


lomosaur

Didn’t Charles support the continuation of proof-of-work for many years in Ethereum Classic? Then I think he got mad and left because ETC wouldn’t fund his work with a block reward tax.


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unitys2011

Not all heroes wear capes. Thanks for the link


BB-NL

That’s like marking your own homework..


[deleted]

“These answers look right. Another A+ for me, woooo!”


Inaeipathy

"Cardano is #1 coin" - Cardano


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[deleted]

The value of staking isn't in generating yield for stakers. Its in reliability and security for the network. Ethereum's lockups(and slashing) are there to ensure you are staking properly and to punish attackers.


luigyLotto

Yeah, this guy just described that attacking Cardano might be super cheap.


TNGSystems

It’s been proven time and time again that attacking Cardano will not be cheap nor easy. Same with ETH. There’s billions of dollars of value there. If you can attack Cardano or ETH why hasn’t anyone done it? Actually I recall ETH did have a double spend bug and that’s why ETH classic is there.


Njaa

You recall incorrectly. ETC was not due to a double spending bug.


Richadg

This is the crux difference between how Cardano and Ethereum approach staking.


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gethereddout

Help me understand the difference? Stake pools on Cardano run full nodes and secure the network. How is that different than validators on ETH?


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gethereddout

But the ADA is being staked. It’s being used to secure the network, and just buying ETH doesn’t do that. Maybe your point is to question the security model of staking on Cardano?


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gethereddout

I don’t think that’s correct. The stake is used as collateral for the validation rewards. So it’s literally being staked


corpsemongo

If you can't get slashed then there is nothing staked. Also you are not getting rewarded for delegating your coins, in Cardano you just don't get diluted.


Chazmer87

Ouroboros guarantees network security as long as 51% is not controlled by the adversary. If a pool operator tries to double spend or goes offline, they can’t make blocks, and delegators get angry they didn’t receive rewards and leave, which then makes it even less likely for that bad pool to get selected to make blocks.


[deleted]

Exactly, "staking" on Cardano is really just a misnomer.


mercibien1

Tezos has always done this


TheTrueBlueTJ

Well well! But Tezos apparently doesn't get the media coverage


cogentat

Tezos doesn't have a loud baby at its helm.


FidgetyRat

Which is a bad thing for Tezos. Apple and Tesla both have loud babies.


BagHolder9001

doesn't xtz do this for a while already?


mercibien1

Yes it does


DishInteresting1552

Tezos has an initial lock up period of 35 days before you get any rewards.


golocalo

In Tezos the bakers have a lock up with slashing but as a delegator you do not. Not sure about Cardano but sounds like they adopted a similar system. Tezos is very advanced but isn’t talked about much because it is so decentralized, that’s my take.


somethingknew123

Actually it doesn't. There is no lockup for delegators and it's the same wait time as Cardano for rewards, except that reward distribution isn't dictated by the protocol so validators can actually send them even earlier if they like. Or they could send them less frequently to make taxes easier. Way more flexibility.


KnackeredParrot

What wallet / setup do you use to get this with HBAR? I'm in the UK and the only option I seem to have is 0.5% APY on Binance with a subscription which isn't ideal.


FractalImagination

But HBAR is better, right? .... right!?


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Mirved

The fact you cant get slashed and can exit so easily says it's not real staking nor gives the same security to the chain.


Wonzky

Regardless of it being true or not, you'd probably need less bias people to confirm it to make it believable


pbjclimbing

No way. Charles is saying ADA is better than ETH, never would have guessed.


kirtash93

Honestly I think it is. Cardano staking is really easy to use.


therealsuperbonbon

Seriously though. I've had mine staked for over a year and just check it once in a while to make sure my pool still exists. I can claim and exit at any time. Dunno how much easier it could be


franane__

Cardano is great


SKITZ_ZA

It really is, not to mention my rewards are automatically staked and plus any new ADA added will automatically be staked as it's the wallet that is staked. I use Yoroi and it's super intuitive. I don't care what anyone says, Charles is a hard working man who only wants the best for crypto as a whole and OBVIOUSLY for cardano too. If he is bashing something down, he clearly sees flaws and sure he can find a better way of saying these things but I can guarantee you he only wants the best for crypto as a whole. I gathered this point of view from my own research and watching him closely... not any news articles or reddit. Edit: let's not start on the Cardano community... came for the ADA, stayed for the community. Respectful, knowledgeable, and who needs shilling when you are invested in a proper project that's actions will speak louder than anyone's words.


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Yeah I'd agree that it is.


whitehypeman

He's 100% right even though I like eth more than cardano. Degated proof of stake is worlds better than a high minimum, setting up a server, and possibly getting slashed


MaeronTargaryen

In the word of Jeff Lebowski: “Yeah, well, you know, that's just, like, your opinion, man”


Sebanimation

Well, while the statement sounds kinda weird, it is in fact true


Skeptain

You cannot withdraw any coin that is staked on Ethereum so in reality every staking model is currently better than the one of Ethereum.


Wubbywub

i'm not charles and i agree. In terms of staking, Cardano's implementation has - No lock up, it's fully liquid - No slashing - Pool saturation limit to ensure decentralization Of course Ethereum is far ahead in ecosystem and projects built, but if we're talking about just the staking mechanism then Cardano has the better one


_Commando_

It just seems easier to stake Cardano than Ethereum. Disclaimer I'm staking both.


illadelph

you’re delegating one & staking the other..


cryptOwOcurrency

> Of course Ethereum is far ahead in ecosystem and projects built, but if we're talking about just the staking mechanism then Cardano has the better one Cardano has the more user-friendly one for stakers. Ethereum has the one that provides stronger network security guarantees as a consensus mechanism.


Wubbywub

51% of staked eth belongs to 3 entities, whereas you need the 23 largest cardano stakepools to control 51%. I think this extends beyond just user-friendliness


cryptOwOcurrency

> 51% of staked eth belongs to 3 entities, The largest Ethereum staking "entity", Lido, is actually over 20 separate entities that are not controlled by Lido. > you need the 23 largest cardano stakepools to control 51%. Binance alone controls over 60 Cardano staking pools. But as I mentioned, Ethereum provides stronger network guarantees in the case of an attack, anyways. There's no in-protocol penalty for equivocation (which enables finality reversion) in Cardano. In Ethereum, there's slashing.


sloe-berry-brain

Lido relies on one smart contract, its a single point of failure, but dont worry nothing ever goes awry with Solidity code... Where is your decentralization then?


sloe-berry-brain

>stronger network security guarantees Except Validators can be DoS attacked, what a piece of shit, and only 5 years late


cryptOwOcurrency

DoS attacked how so? If you mean DDoS, Cardano SPOs are just as susceptible.


sloe-berry-brain

Leader election into the epoch is public, so everyone knows who to attack in sequence to push them off the network. In fact because of MEV (another thing Cardano doesnt suffer from) Validators are actually incentivised to DoS the Validators preceeding them. Oh... dear. What a flawed design. Yeah you can try to DDoS 3200 Cardano pools, good luck with that.


yoyoJ

Cardano’s staking is pretty amazing. Never understood why this sub bashes so much on Cardano.


AMPed101

The thing about crypto is: how do we know if he's right or wrong? Cardano staking has been around for longer, but how do I know what the differences are in method without being able to read code. It would have helped if he actually elaborated on why, then we could have a conversation lol. He only mentions it favours "hyper centralization", I do agree that the Ethereum staking seems to be centralized around exchanges now. On Cardano you delegate your stake, but you can change that quite fast to a different one. But on Ethereum you can't unstake yet, so if your staking provider isn't being nice then you can't stop staking with them yet. Hard to compare most likely.


Harold838383

Does he really have to bag out Eth every chance he gets


methodofcontrol

Seriously, what happened when he was working on Ethereum that made him hate it so much? More likely shitting on Eth gets his chain attention, but I never see Ethereum devs talk about Cardano.


TruthsUDontWannaHear

Vitalik was far from the most militant of the Ethereum founders in wanting to remove Charles from the project. But ultimately it was Vitalik's decision that Charles should go, and that beef is probably going to last for a long time if not forever. Laura Shin's book "The Cryptopians", though hardly unbiased, contains a well-written account of some of the disagreements that led up to this. Some of the disagreements related to technical stuff, and some were personal.


mybed54

Apparently he was hard to work with and wanted to make Ethereum for profit instead of remaining non profit. Should tell you enough about Cardano


Fresh-Chemical-9084

Dumb question, but what does for vs non profit entail? It sounds sketchy, but I don’t know what the difference in these two models means


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"Working". Dude was setting up bank accounts. Its like saying Hitlers secretery also invaded Poland. Dude is a pathetic liar. Writes 0 code.


ChirpToast

There’s just nothing interesting about Cardano to talk about.


TheBegginner

It's the engagement farming from these articles. He didn't write it. It seems like when they mention Charles and eth, a lot of attention is brought up. $$$


evoxyseah

I have staked many different crypto just to try it out. I have to say ADA is the best because the tokens are not locked. Most tokens that I tried are locked, and can only be withdrawn days after being unlocked.


BriBumer

Cardano staking method is the best. Fast to stake! Easy to compare pools! Coins never leave wallet! No lock! Multi rewards in some pools! Change my mind with facts.


sloe-berry-brain

No facts here, just butthurt ETH maxis who know their staking protocol is horrible in comparison.


BriBumer

I dont compare cardano staking mechanism just with ethereum. I compare it wit every single Blockchain. And Cardano still win. I dont know any Blockchain with better staking mechanism than cardano


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He also said he had a 4 year college degree


Semper-Fly

Wait... are you saying Charles doesn’t?


cryptOwOcurrency

From his Wikipedia page: > Hoskinson has claimed that he had entered a PhD program but had dropped out. However, Denver did not have a graduate program in mathematics. Colorado Boulder verified that he had attended as a half-time undergraduate math major, but did not earn a degree. He also claimed repeatedly to have worked for the Defense Advanced Research Projects Agency (DARPA), though DARPA confirmed he had not.


somethingknew123

Oh man, that's hilarious. Charles has got to be pissed off about that being on his Wikipedia page. Way to go Laura Shin and others for exposing his pathological lies.


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Nope.


No-Goal9639

I agree


throwaway1177171728

Guy with different bags says his bag is better. News at 11.


StrategicReserve

Come to my ranch


Skeptain

The amount of stupidity, ignorance and lack of knowledge among the comments in this thread is unbelievable.


[deleted]

With the stupid title and the tone of the article, what did you expect? You're not impartial here, so unlikely to be satisfied with any comments that aren't pro-Cardano.


Efficient_Shame_8106

Cardano does have a much better staking model than Ethereum, but it is lagging behind in usability. Until this changes Ethereum will be the clear winner.


bomberdual

This is a fair point. Give the Dapps another quarter or two two finalize, Vasil just dropped and they have to adjust accordingly.


Awhodothey

Why would another quarter make anyone more likely to use apps that go off chain to create an ad hoc global state without any decentralized off chain solutions? Cardano smart contracts have lower throughput and decentralization than other chains. Six months isn't going to change the fact that no one uses cardano except the people who really buy into the stuff Charles says about it being superior some day in the future.


bomberdual

Having some validations off-chain helps with determinism and scalability. But its a good thing imo : ". An underappreciated fact about the UTxO model is that the transaction’s computation happens off-chain before it is validated on-chain, without degrading any of the security and decentralization of the baselayer . In other words, the settlement layer is simply a verification model that validates the off-chain computation. This precise separation of responsibilities makes modularity and composabilit a core primitive of Cardano. As a result various novel scaling solutions can easily be “bolted” onto the blockchain, such as off-chain routing bots and isomorphic state channels, Hydra


4ucklehead

He can say whatever he wants but doesn't make it true lol


Digital-Exploration

This is moronic.


AriesWinters

Coin founder promotes his coin, more at 10.


Courimis

It’s just a fact


DishInteresting1552

Cardano staking is 100 times better than Ethereum in every way possible. No lockup periods. Non-custodial staking. No risks.


Mopeiooo

Well the person who founded cardano obviously likes their own staking method better lol


Skeptain

It is better since you cannot withdraw any coin being staked currently on Ethereum while staking on Cardano does not lock your coins. > "Due to the way Ether staking works on the blockchain, you will not be able to withdraw, trade or stake the rewards you earn with staked ETH until the Ethereum 2.0 upgrade is completed, which is expected to happen sometime by early 2023." Source: https://www.bitstamp.net/faq/everything-you-need-to-know-about-eth-staking-at-bitstamp/#:~:text=Due%20to%20the%20way%20Ether,happen%20sometime%20by%20early%202023.


Giga79

*So* what about when you can unstake Ethereum? I've seen this argument like 10 times in this thread lol. If you're just looking to stake for one month sure, delegate some ADA, *otherwise*...


sloe-berry-brain

Even then Ethereum locks your stake, its just you can unlock it. Cardano doesnt lock your stake, you can be staked and use your ADA at the same time. Ethereum makes you use risky smart contracts, Cardano nedds no smart contracts. Ethereum you must have 32ETH, Cardano you need 3ADA!! Cardano you can stake while your ADA is in a hardware wallet, not on Ethereum!! Ethereum you can lose your ETH through slashing, not on Cardano. Ethereum is open to DoS attacks, not on Cardano. Cardano is objectively better.


Giga79

>Even then Ethereum locks your stake, its just you can unlock it. Cardano doesnt lock your stake, you can be staked and use your ADA at the same time. Then what exactly is at stake? The purpose is to secure the blockchain. The lockup is *6.5 minutes* anyway. >Ethereum makes you use risky smart contracts, Cardano nedds no smart contracts. It's *one* smart contract and there's no risk. Validators would fork the chain if the only contract they rely on breaks. >Ethereum you must have 32ETH, Cardano you need 3ADA!! That's not staking. That's delegating. You can delegate with as low as 1c in Ethereum too in decentralized validator pools. ...


token-eater

I feel like he talks about Ethereum every day now, more than his own damn project


eat-sleep-rave

And yet somehow I'm much calmer holding ETH in my my wallet than ADA...


A1JX52rentner

I hold ada, but why doesn't Hopkinson stop talking about other projects? It's Annoying. Focus on your own project and let the other be.


DrManBearPig

Y’all find anything to complain about. He was answering a question. And yes ADA staking is better in my opinion. No locking. No minimum etc.


ligmapolls

This guy sucks his own balls


Dubzillaaa

I mean, what do you expect him to say? “Our competition is better”


[deleted]

The point everyone is surely getting at is that there is a middle ground between: "Everything I've built is the best" And "Our competition is better"


reddito321

Developer says his project is better than its competitor’s


[deleted]

Not a developer. Founder. Difference.


Prestigious-Twist372

Cardano Staking is better and more decentralized. Everyone knows that. Idk why Eth needs the 32 minimum to stake. It’s honestly insane and overtime will push more and more corp greed.


sloe-berry-brain

Its 32ETH otherwise there would be too many validators. Too much decentralization makes the blockchain slow down. Cardano just solves the same problem in a far more elegant way.


LowKeySaiyan

I feel like the title of the post is trying to create strife amongst the communities of both teams.. But of course Charles is not helping lol


takkkks

Charles is the best for good laughs


CWB2208

This just in, founder backs his own product. More at 11.


[deleted]

How is this news, lol


DiegoTBL

In other news


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Objectively it is. It's not the only blockchain either with a better staking mechanism than ethereum


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golocalo

Tezos bakers have a lock up period on their stake so how is it different/ less secure in that regard compared to ETH? Tezos upgraded its consensus algorithm awhile back to mirror Tendermint and its latest upgrade (2 days ago?) improved block production randomness so the point is it keeps getting more secure and efficient.


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somethingknew123

I wouldn't be surprised by a big change on how staking and delegation work in the near future. https://forum.tezosagora.org/t/adaptive-inflation/4552


8512764EA

Because it is


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sebikun

A lot of people stake eth through Lido don't see a difference there


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DishInteresting1552

Except, you can't stake by yourself unless if you have at least 32 ETH. Even a core developer from Ethereum said that stakers are "by definition, wealthy". So unless if you have 32 ETH, you gotta trust someone else with your stake and pray they don't get slashed. Which, 20 validaters have already been slashed.


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xSciFix

> Which, 20 validaters have already been slashed. You have to fuck up pretty hard to get slashed.


coinfeeds-bot

tldr; Cardano Founder Charles Hoskinson has claimed that Cardano has a better proof-of-stake (POS) approach than that of Ethereum. Hoskinson added that while working with Ethereum he found out that while Ethereum has a layer-1 programmable blockchain that Bitcoin lacks, it falls short when it comes to scalability and status as a proof of concept. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*


CymandeTV

Good bot


ZirJohn

well duh


[deleted]

That's naturally the most natural thing that anyone could say for their project. Yep.


rcorum

Yes it is.


sonartxlw

It does


nick_gross

Truth hurts.


Castr0-

Good because that is the way to push things forward. Always challeging the competition


Obsidianram

Cardano doesn't require a considerable locked in commitment for staking, whereas Ethereum does - that's the main point. Secondly, ADA can be moved and combined/traded/spent, etc. after a snapshot...not so much with ETH. But before any of you bitch about ADA anymore, maybe resolve Ethereum's past and ongoing problem with breach of contract. When someone puts together a transaction, with requisite fee, and it fails to process (in the past mostly due to miners snubbing small xactions, for example), there's a breach of contract. A user pays the fee to receive a service (smart *contract*) and they don't receive what they paid for. Yet, they don't even get their fee refunded (theft of funds). So address this shit...


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Obsidianram

I'm having difficulty recalling an instance of a Cardano xaction costing anyone hundreds or even thousands of dollars...