Enter Output World (IOG) CEO Charles Hoskinson gained a $50,000 guess, with Polymarket, on Cardano launching sensible contracts on time. The proceeds will go to a charity of Hoskinson’s alternative.
— 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 could be dwell on deadline day. Nonetheless, Alonzo sensible contracts formally launched late Sunday night.
However how did Polymarket, and different skeptics, reply?
Cardano and the scientific technique
It’s well-known that Cardano’s “scientific technique” focuses on accountability, repeatable processes, and iterative testing. Whereas that’s all good and properly, the draw back to that is usually sluggish progress.
This grew to become 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 method to constructing blockchains. He stated his precedence lies in getting issues proper the primary time round.
Commenting on this just lately, Hoskinson stated that is the mature and accountable technique to nullify system failure. Which, in the long term, advantages customers when it comes to stopping loss.
Evaluating this to Ethereum’s heuristic method, Hoskinson stated:
“I simply occur to consider 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 ends in a greater assurance that the methods we construct gained’t fail.”
A heuristic method refers to problem-solving by any and all means, even shortcuts, to get issues finished. These options will not be supreme, however they’ll do below the circumstances.
Polymarket describes itself as “an info markets platform that allows you to commerce on the world’s most highly-debated subjects (e.g. coronavirus, politics, present occasions, and many others).” By the way, it runs on the Ethereum blockchain.
On dropping the guess with Hoskinson, Polymarket made good on the deal and graciously accepted they have been improper about sensible contracts on Cardano not launching on time.
At Polymarket, we consider 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 Neighborhood.”
Hoskinson chosen the Magic Yarn Project, which helps kids battling most cancers by crafting character wigs to cowl hair loss as a result of chemotherapy therapy.
However that’s not all. The Co-founder of Polygon, Sandeep Nailwal, additionally took the guess that Cardano wouldn’t make it. This time for a $20,000 wager.
Though Hoskinson has prompted Nailwal, to this point, he has failed to reply.
Come on, Sandeep, it’s time to pay up.
Seems like we received one other donation coming https://t.co/Km6gsL8S6i
— Charles Hoskinson (@IOHK_Charles) September 14, 2021
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