As a seasoned crypto investor with over a decade of experience in this volatile market, I’ve learned to take such public exchanges between project founders with a grain of salt. While it’s intriguing to see Charles Hoskinson and Vitalik Buterin engage in a friendly rivalry, their words don’t necessarily reflect the performance or potential of their respective projects.
In a confident assertion, Charles Hoskinson, creator of Cardano, has leveled the charge that Ethereum copied their project timeline. This significant claim was made following Ethereum’s 9th anniversary celebration, which garnered praise in the industry. This statement from Charles Hoskinson further highlights the competitive nature between these two protocols.
Cardano Founder Sparks Fresh ADA Vs ETH Comparison
Initially, a pioneer in Decentralized Finance (DeFi) pointed out a post from Lefteris Karapetsas, creator of Rotki app, which contained an identified photo on X platform. This image showcased attendees of the Ethereum launch day, and upon examining the names listed, it was discovered that Hoskinson’s name was not among them.
Back in June 2014, I departed. Now, the globe embraces Cardano, while Ethereum can draw from our blueprint. It’s been a win-win situation!
— Charles Hoskinson (@IOHK_Charles) July 30, 2024
The attendees featured Vitalik Buterin, Ethereum’s co-founder, along with his companion Gavin Wood, the man behind its creation, and Christian, the brain behind Solidity. Notably absent was Charles Hoskinson. With a hint of intrigue, Cage pointed out “Ah, it seems Charles Hoskinson is nowhere to be found.”
As a analyst, I’d rephrase it as: In response to the sarcastic remark, I, as the Cardano founder, clarified that I parted ways with the group back in June 2014. Later, I commented, “Now, the world has Cardano, and Ethereum benefits from our roadmap. It seems to have worked out favorably for everyone.”
The discussion unexpectedly shifted towards the historical performance of Cardano versus Ethereum. Cage presented graphs to support his stance that Ethereum outperformed Cardano. Yet, members from the Cardano community seemed uninterested in his points.
A user of X observed that individuals within the Ethereum community seem to be deliberately antagonistic towards Hoskinson in their interactions.
Ethereum Displays Excellent Performance
This vocal battle comes as Ethereum bags outstanding market position. Spot Ethereum ETFs began trading exactly one week ago and within this time, it has seen massive traction. Despite the slump in the price, a post-ETF Ethereum rally the coin is expected. When this eventually happens, Ethereum could outperform other digital assets, including flagship cryptocurrency Bitcoin (BTC).
Regarding Ethereum’s staking, a significant achievement has been reached as approximately 28.1% of its total supply is now locked in for staking. This surpasses all previous records, having only recently crossed the 27% threshold a few months ago. Moreover, this high percentage underscores the optimistic outlook among crypto investors towards Ethereum, which ranks as the second largest cryptocurrency by market capitalization.
Because more Ethereum (ETH) is being staked, the amount of Ethereum held in centralized exchanges has dropped to a five-month low of almost 17 million. This means that only about 10% of all ETH remains on these exchanges. These figures show that Ethereum has had impressive results, but they don’t lessen the accomplishments of Cardano in any way.
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2024-07-31 14:55