Cardano's Founder Claims Bitcoin's Development Isn't Enough

According to Hoskinson, this is what Ethernet developers are "fundamentally missing". According to Cardano's founder, Satoshi Nakamoto, the pseudonym creator of Bitcoin, rejected the account-based concept because of its flaws.

According to Input Output, EUTXO's goal is to integrate the best of both worlds. Cardano developers are now looking to leverage 13 years of EUTXO experience and testing experience.

Cardano's accounting approach garnered a lot of attention in September due to "concurrency" issues that arose after the disastrous debut of the Minswap decentralized exchange. Input Output scrambled to explain that Cardano-based dApps are not limited to a single transaction per block, but that EUTXO allows transaction output to be spent only once.