Charles Hoskinson, one of the co-founders of the blockchain platform Cardano, recently commented that Cardano has realized the community’s desire for an excellent staking protocol and that the platform has “made it happen.” On April 3, 2023, Hoskinson took to Twitter to express his appreciation for the platform, stating that “Cardano is pretty special.” He also shared a graph comparing the staking participation of Cardano and Ethereum, with Cardano leading the way in the number of unique wallets participating in staking.
The Cardano platform’s official page has provided a detailed description of staking pools, including their features and procedures. The platform defines a stake pool as “a reliable server node that holds and maintains the combined stake of various stakeholders in a single entity.” Stake pools can be either public or private, with public stake pools allowing other users to delegate their stake and receive rewards, while private stake pools only deliver rewards to their owners.
Hoskinson’s comments received a wide range of responses from the community, with many expressing support for Cardano as the largest decentralized financial product in the world by delegator count and market cap. However, some members criticized Hoskinson’s comparison of Cardano to Ethereum, warning that Cardano may not be able to compete with Ethereum if compared directly.