Popular market commentary show Coin Bureau recently tackled whether Cardano ($ADA) or Algorand ($ALGO) will emerge as a top Ethereum ($ETH) competitor following John Woods’ move from IOG to Algorand Foundation.
Speaking in a YouTube video released on July 11 , Coin Bureau host “Guy” told viewers that John Woods, the former Director of Cardano Architecture at IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development, leaving at the end of last month so that he could become the new CTO at Algorand Foundation could have implications for both projects.
As reported by The Daily Hodl, Guy said,
John’s departure seems to have taken the Cardano community by surprise, though die-hard Cardanians will know that John had only joined IOG in October last year to fill in for Duncan Coutts, who’d been away on paternity leave and returned to his post earlier this month.
According to Guy, Woods’ departure could result in the possibility for collaboration between the two projects. He noted a tweet by Cardano’s founder Charles Hoskinson congratulating Woods on the new position and opening the door for partnerships between the rival networks.
However, Guy pointed out that Woods is bringing his knowledge of Cardano to Algorand, which could lead to the latter accelerating its scaling development. According to the Coin Bureau host, both projects have been working on “eerily similar” scaling technologies, including pipelining, that could result in competition in the future.
Guy warned that Cardano could experience a slowdown in development momentum due to the shuffling around of its development staff, but concluded that it would most likely not be that noticeable.
Image Credit
Featured Image by AnTa_ranga from Pixabay
Correction Notice
Please note that an earlier version of this article incorrectly stated in the title that the IOG CTO (rather than “John Woods”) had left. Sincere apologies to IOG and John Woods for this mistake (which was rectified around 5:30 p.m. UTC on July 16).
