Hoskinson Slams Ethereum for 'Plagiarizing' Cardano's UTXO Model

Charles Hoskinson, founder of Cardano (ADA), has accused the Ethereum Foundation of copying their UTXO model without proper attribution. The extended Unspent Transaction Output (UTXO) model is a key technical concept developed by Cardano over the past decade.

Hoskinson claims that the Ethereum team's recent proposal for a UTXO-based payment system mirrors Cardano's work on the extended UTXO model, but fails to give credit to Cardano's developers. The extended UTXO model processes transactions as one-time events, unlike account-based models that maintain a continuous state.

The dispute highlights broader questions about attribution and intellectual property within the open-source blockchain industry. While copying code and ideas is common in the crypto space, credit is often given to original developers to maintain community trust and collaboration.