Cardano CEO Charles Hoskinson is respected within the crypto community as one of the bright minds with his research-driven approach to blockchain technology.
He is not known for causing controversy but he sure did on Twitter on May 23, Hoskinson appeared to mock EOS in a tweet where he alleged that the coin was not scientifically backed while praising new blockchain project Harmony (ONE) for its excellent whitepaper.
Had EOS released a whitepaper like Harmony: https://t.co/fUiN9t0Bcd then I would have least said hey had some interesting ideas. I really wish people brought more rigor and made better use of active research in their product development.
— Charles Hoskinson (@IOHK_Charles) May 23, 2019
Hoskinson tweet naturally got the attention of the crypto community with many agreeing with his statement with only a few exceptions.
Harmony (ONE) Recently Offered its IEO on Binance Launch Pad
The major takeaway from Hoskinson statement was his praise for Harmony (ONE) which is huge for the new blockchain project.
Harmony has been gaining popularity in the past few weeks with it’s Initial Exchange Offering going through Binance Launchpad through the Harmony Lottery program.
Initial reports from Binance revealed that the launch was successful with all 1.58 billion ONE token on offer sold.
Harmony is one of the blockchain projects that is looking to revolutionize the crypto industry by offering a scalable, secured and decentralized blockchain platform for businesses.
This is achieved by helping businesses build tokens that would help boost user engagement by providing incentives. Harmony has already been adopted by several gaming platforms for its blockchain solutions
The blockchain has a solid team of developers from acclaimed institutions such as Amazon, Google, Stanford, Apple and Harvard making it one of the most research-backed blockchain platform in the market.
It is no surprise that Hoskinson rates the project highly as Cardano also follows a similar research-driven approach towards creating smart contracts. The blockchain has made strides with partnerships with several institutions.
However, Cardano has hit several snags of late with the delay in Shelley release and current near centralization of its tokens a big concern for the coin.
Despite this Cardano has continued to perform well in the market maintaining its position as the 10th largest crypto and remains one of the highly regarded blockchain projects in the crypto ecosystem.