Will Hoskinson’s new EUTXO model improve Cardano’s [ADA] prospects

ambcrypto.com:

Cardano holders have supported Cardano and the native token despite the slow price action. The number of addresses holding Cardanorose to a record high last month amid a significant surge in HODLers. Also, despite the unanticipated price turmoil, retail interest in ADA surprisingly grew with every dip.

But is this the case? Well, Cardano ecosystem has witnessed significant developments over the years. This time is no different.

Cardano’s founder Charles Hoskinson, in a tweet on 8 May highlighted or rather revealed the best part of Cardano’s architecture. Cardano, one of the most promising ecosystem incorporated an innovative Extended Unspent Transaction Output (EUTXO) model.

— Charles Hoskinson (@IOHK_Charles) May 7, 2022

Post the Alonzo update, Cardano introduced the aforementioned model to support multi-assets and smart contracts. Indeed, an important upgrade to support Cardano’s aim to incorporate different dApps on its network. Just like Bitcoin, Cardano introduced an Unspent Transaction Output (UTXO)-based blockchain for its ledger from other account-based blockchains, such as Ethereum.

Even though, different developers/enthusiasts cited advantages, founder and CIO of CyberCapital, Justin Bonus, raised red flags. This mainly censured Cardano for relying on a UTXO model instead of an account model.

The disadvantages of a UTXO model far outweigh the advantages

From a worse user experience,

To ADA smart contracts being far more limited

I will cover these