It is no different that Bitcoin is the largest cryptocurrency in the world and has been a mainstay of the market for more than a decade now.

It contributed to the embodiment of the idea of ​​encrypted digital currencies and still maintains its popularity and dominance in the market until the moment.

The past few months and years have raised many questions about the evolution of Bitcoin, where it is currently located, and where it may be in the future.

In fact, these questions have become more pressing recently due to the emergence of the third generation of cryptocurrencies that focus not only on speed, scalability and economy, but also on governance.

Read:Bitcoin overtakes gold as the most profitable investment for 2020

Bitcoin and the development of third-generation projects were one of the topics that Cardano founder Charles Hoskinson touched on during his guest appearance at episode Podcast by Lex Friedman.

According to the Cardano founder, the best ecosystem and cryptocurrency projects should, ideally, have self-developed systems.

But according to “Hoskinson”, Bitcoin has been slow to adapt to the accelerating needs that require active development, as the same spokesperson stated:

The problem with Bitcoin It is very slow, like the mainframe programming in the past.

The only reason it still exists is that there is a lot of money invested in keeping it.

Hoskinson went on to explain that Bitcoin has slow settlement times, low programmability, no native method for issuing cryptocurrencies, and not much room for upgrade.

What’s the solution?

Hoskinson, who has not compromised on his extreme view of the “Bitcoin protocol” and “winner-first-takes-all” approach, believes that some major changes at the protocol level, including improvements to the network’s PoW mechanism, will make Bitcoin more effective. Incredible competitive system.

Read:Learn about the details of listing the digital currency “Dogecoin” on the “Coinbase” trading platform

But “Hoskinson” denied that Bitcoin has the necessary infrastructure to launch elements on the second layer, which, according to him, is very fragile and central, and added:

Bitcoin has many enemies, as Bitcoin has technical components that can be said to be outdated at the present time.

In addition, Hoskinson commented on the many who attended the Miami Bitcoin Conference, telling that most of them know nothing about Bitcoin, lack commitment and focus, and are only interested in saying don’t worry, just buy and keep.

Interestingly enough, the founder of Cardano was quick to introduce Ethereum as an option and as a sworn enemy of Bitcoin.

Read:Bitcoin hash rate has grown over 4 quadrillion percent since 2009

Hoskinson praised Ethereum and told that the Ethereum project is not facing what Bitcoin is, especially in terms of development.

In this regard, the founder of Cardano stated:

If I had to bet only on these two systems, Bitcoin or EthereumI will say 9 times out of 10, Ethereum will win the battle.

This is interesting, especially when you put Ethereum instead of Cardano in an opposite context against Bitcoin.

Usually, the statements of these developers and project owners are biased and praise the projects they have developed. Earlier, “Mish Tomino” of 1inch company told that slow-developing Ethereum may face a threat from Polkadot.

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