As a seasoned crypto investor with a keen interest in the history of blockchain, I can’t help but be intrigued by the saga of Charles Hoskinson and Ethereum. Having closely followed the development of both Ethereum and Cardano, it’s fascinating to revisit this tale that has shaped the crypto landscape significantly.
The story between Charles Hoskinson and Ethereum (ETH) recently resurfaced in the crypto space, as one of the enthusiasts decided to break down what exactly broke this union.
It’s commonly understood that Charles Hoskinson was among the first founders of Ethereum and played a substantial part in its early growth. He contributed significantly to the creation of its initial coin offering and chose to establish the Ethereum Foundation in Switzerland.
Instead, Charles Hoskinson parted ways from the Ethereum initiative to establish Cardano, another blockchain contender. His split was primarily due to differences in opinion with fellow Ethereum founders, particularly regarding the project’s trajectory and management structure.
“Red wedding”
In a recent discussion on X, there was disagreement about the goals for profitability and the organizational structure of Ethereum’s blockchain. For instance, Hoskinson proposed transforming it into a billion-dollar business enterprise, attracting venture capital and earning money from the work done by the organization responsible for the blockchain’s development.
On the contrary, Vitalik Buterin and the Ethereum development team generally opposed this method, as they aimed for a completely decentralized platform that would be run by a non-profit organization.
The events culminated at the point known as the “Red Wedding,” according to the discussion’s writer, a nod to “Game of Thrones.” Vitalik Buterin announced Ethereum as a non-profit organization, while Hoskinson departed from the project.
After the issue arose, the founder of Cardano offered some advice to its originator, suggesting him to mature and let go, since it’s unnecessary for them to keep addressing it. He stated that there are no longer any unanswered questions regarding this matter, as they have been addressed countless times in numerous interviews over the past decade.
The crypto entrepreneur summarized, “I’m fed up with constantly repeating myself. Please conduct some fundamental research and explore further on your own.
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2024-09-13 17:43