Hoskinson accuses Ethereum of copying Cardano's UTXO model

Cardano (ADA) founder Charles Hoskinson has accused the Ethereum (ETH) Foundation of copying a concept that Cardano has been developing for a decade without giving credit. According to The Crypto Basic, Hoskinson described Cardano's extended UTXO model as one of the greatest innovations in smart contract design, a topic he has researched for over 10 years. He asserted that the Ethereum team is attempting to replicate the concept while making any mention of Cardano taboo, and suggested they might copy other Cardano innovations in the future. The media outlet added that the Ethereum Foundation's proposal outlines a UTXO payment system to reduce network load by processing transactions as one-time events instead of through the existing stateful method. The proposal credits Bitcoin's one-time payment model for the idea, with no mention of Cardano.