“Corda is more like Bitcoin,” says Mike Hearn, lead engineer for Corda, the open source blockchain of the industry consortium R3.
“It owes more of its intellectual history to bitcoin than Ethereum in a way. Its’ data model is similar to Bitcoin, which enables you to have privacy because you don’t see transactions on your critical path.”
Early Bitcoin adopters knew the risk they were taking, he says, despite infamously stating bitcoin had failed in early 2016 upon leaving as a core developer. “They had money on their device and if the software wasn’t good or had bugs, then that is the cost of being a part of the global revolution,” said Hearn.