Charles Hoskinson, Cardano Founder, has publicly criticized Ethereum, asserting that the protocol has stolen the ADA roadmap.
Charles Hoskinson, the founder of Cardano, has made an audacious statement accusing Ethereum of appropriating the project roadmap. This substantial accusation was made after Ethereum’s 9th anniversary, which garnered market recognition. Charles Hoskinson’s statement also emphasizes the rivalry between the two protocols.
Cardano Founder initiates comparison between ADA and ETH.
Initially, the Decentralized Finance (DeFi) innovator cited a post from Lefteris Karapetsas, the inventor of the Rotki app. A picture labeled with the names of those who attended the Ethereum inauguration day is included in this post on X. It was discovered that Hoskinson was not displayed in the photograph due to the names inscribed on it.
Among the attendees were the phenomenal Ethereum co-founder Vitalik Buterin, his companion Gavin Wood, and Solidity creator Christian, among others. With a suggestive tone, Cage emphasized, “Oh, look, no Charles Hoskinson.”
The Cardano creator responded to the sarcastic statement by stating that he had departed the organization in June 2014. He continued, “The world now has Cardano, and Ethereum is allowed to borrow our roadmap.” It was advantageous for all parties involved.
The discussion abruptly transitioned to a comparison of the performance of Cardano and Ethereum over time. Cage provided charts to support his assertion that Ethereum outperformed Cardano. Nevertheless, the Cardano community members needed to be more interested in hearing it.
One X user emphasized that the Ethereum ecosystem’s members are solely motivated by the desire to engage in a conflict with Hoskinson.
Excellent Performance of Ethereum
Ethereum has achieved an exceptional market position, which has resulted in this vocal conflict. Spot Ethereum ETFs have experienced substantial growth since trading commenced precisely one week ago. Despite the price decline, the coin is anticipated to experience a post-ETF Ethereum rally. Ethereum can surpass other digital assets, such as the premier cryptocurrency Bitcoin (BTC), when this occurs.
Ethereum has achieved a significant milestone in staking, with approximately 28.1% of the altcoin’s total supply currently staked. This represents an all-time high (ATH) following a recent peak of 27%. It also reflects the bullish sentiment of the second-largest cryptocurrency by market valuation among crypto investors.
The total volume of Ethereum in centralized exchanges has decreased to a five-month low of nearly 17 million due to increased staked ETH. Consequently, only 10% of ETH remains on these exchanges. These metrics verify that Ethereum has achieved exceptional results but do not diminish Cardano’s accomplishments.
