Input Output Global (IOG) CEO Charles Hoskinson received a $50,000 bet, with Polymarket, on Cardano launching sensible contracts on time. The proceeds will go to a charity of Hoskinson’s selection.
— Charles Hoskinson (@IOHK_Charles) September 13, 2021
Given IOG’s patchy historical past with assembly rollout deadlines, some had questioned whether or not sensible contracts can be reside on deadline day. Nonetheless, Alonzo sensible contracts formally launched late Sunday night.
But how did Polymarket, and different skeptics, reply?
Cardano and the scientific methodology
It’s well-known that Cardano’s “scientific methodology” focuses on accountability, repeatable processes, and iterative testing. While that’s all good and nicely, the draw back to that is typically sluggish progress.
This turned obvious final 12 months, as IOG was within the strategy of launching the Shelley phase. Delayed deadlines drew a lot criticism on the grounds that Cardano was all speak however no substance.
Hoskinson has on many events defended the scientific strategy to constructing blockchains. He mentioned his precedence lies in getting issues proper the primary time round.
Commenting on this lately, Hoskinson mentioned that is the mature and accountable option to nullify system failure. Which, in the long term, advantages customers when it comes to stopping loss.
Comparing this to Ethereum’s heuristic strategy, Hoskinson mentioned:
“I simply occur to imagine the way in which we do issues is a little more mature and accountable as a result of the way in which that we do issues leads to a greater assurance that the methods we construct received’t fail.”
A heuristic strategy refers to problem-solving by any and all means, even shortcuts, to get issues finished. Those options might not be excellent, however they may do beneath the circumstances.
Polymarket describes itself as “an data markets platform that permits you to commerce on the world’s most highly-debated matters (e.g. coronavirus, politics, present occasions, and so forth).” Incidentally, it runs on the Ethereum blockchain.
On dropping the bet with Hoskinson, Polymarket made good on the deal and graciously accepted they have been mistaken about sensible contracts on Cardano not launching on time.
At Polymarket, we imagine in giving credit score the place it’s due & sticking to our phrase. We stand corrected & donated $50k on behalf of@IOHK_Charles& the Cardano Community.”
Hoskinson chosen the Magic Yarn Project, which helps youngsters battling most cancers by crafting character wigs to cowl hair loss as a result of chemotherapy remedy.
But that’s not all. The Co-founder of Polygon, Sandeep Nailwal, additionally took the bet that Cardano wouldn’t make it. This time for a $20,000 wager.
Although Hoskinson has prompted Nailwal, up to now, he has failed to reply.
Come on, Sandeep, it’s time to pay up.
Looks like we acquired one other donation coming https://t.co/Km6gsL8S6i
— Charles Hoskinson (@IOHK_Charles) September 14, 2021
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