EOS Hackathon, Controversies & Charles Hoskinson's Scathing Comments

2018 began with important ICOs and several platform launches, including Oyster's or Tron's mainnets. The cryptocurrency market may be bearish, but blockchain platforms on which they are built keep expanding.

Will these mainnet releases push their associated tokens out of the crypto downtrend? It's impossible to know. But when a team, like EOS, takes its project to a viable backbone scenario, it's a good sign that the platform will be maintained over the long term. That's when patient investors really start to pay attention on this product or service.

New Developer Recruitment

The market seems favorable and EOS, the fifth largest cryptocurrency in the world by market capitalization, is attracting its community and developers, who are eager lovers and contributors to the cryptocurrency, by hosting another Hackathon event where they would earn incredible rewards.

Previously, a Hackathon event took place in Hong Kong, and now, the crypto platform is announcing an imminent Hackathon that will take place in Sydney.

This cryptocurrency, with recognized use cases, stated that to be a potential applicant, one would should have followed the development and launch of the EOSIO platform, have a dApp already working and, finally, understand everything about “cleos”, “nodes” and “keosd”.

In the event, on June the 10th at Hong Kong, where 90 teams exhibited their work for the evaluation, the top three teams won cash prizes and had the opportunity to compete in the final, where they won $500,000.

Market Value

The cryptocurrency is now having a rebound. There is hope that EOS will also enjoy this massive increase in value.

EOS currently occupies the fifth place in CoinMarketCap, while coins such as Cardano occupy the eighth place. EOS is clearly performing well in the market compared to Cardano. Despite its current status, EOS chose to look for the CEO of a rival company that is two places behind them.

Last Controversies

But it's not all roses for EOS. Recently, Charles Hoskinson CEO of Cardano, attacked EOS for making a montage of their selections. He did it in a YouTube chat with dozens of people listening to him.

Hoskinson was later interviewed by the famous bitcoin figures, Tai Zen and Leon Fu. Hoskinson attacked EOS while being questioned about the myths that prevail over his company in the cryptocurrency market.

Hoskinson criticized EOS saying that this attempt was made to “kill the guy upstairs and delegitimize the project”. He scolded Dan Larimer, EOS’s CTO, citing that he writes codes for his own company. “They have Daniel Larimer sitting in front of a monitor, writing code. Great. You want your company's CEO to type in the key? Good for you, you'll have a very small project,” Hoskinson argued.

Dan Larimer, CTO of EOS, had previously evaluated the algorithm used by Cardano, the Ouroboros Consensus algorithm. Larimer condemns Ouroboros claiming that it is only a copy of DPOS (Delegated Proof of Stake). In his review of Ouroboros, he compares the system to EOS.

According to his analysis, EOS has a blocking interval (latency until a transaction is included in the first block) of 0.5 seconds, while Ouroboros requires 0.20 seconds. He also mentioned that the algorithm is much less secure due to its faulty design assumptions.

“It states that Ouroboros is a 400-pound bulletproof vest that does not actually stop live bullets,” he explained.

As Hoskinson said, it could be an attempt to delegitimize the company and dishonor it in the crypto market. Hoskinson and Larimer also share a common thread in their history as part of Bitshares. However, the duo's disagreement paved the way for Larimer to allegedly fire Hoskinson.

Hoskinson, meanwhile, published the following sarcastic statement on his Twitter account on Tuesday July the 17th:

Our centralized network has achieved the average performance of fabric and half that of ripple https://www.reddit.com/r/eos/comments/8zm3ty/2351_tps_new_eos_record/… yea! Totally makes selling our souls worth it! Oh EOS, you're the court jester of blockchain.

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