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Cardano Founder Charles Hoskinson Sparks ADA Vs. ETH Rivalry With This Claim

Cardano founder Charles Hoskinson has thrown a major shade at Ethereum, noting that the protocol stole the ADA roadmap
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Cardano Founder Charles Hoskinson Sparks ADA Vs. ETH Rivalry With This Claim

Highlights

  • Cardano Founder just threw fresh shades at Ethereum
  • Charles Hoskinson was one of the core founders of the Ethereum chain
  • Both protocols are still competing for dominance today

In a rather bold declaration, Cardano founder Charles Hoskinson has accused Ethereum of borrowing the project roadmap. This massive accusation came after Ethereum celebrated its 9th anniversary, drawing accolades in the market. This statement from Charles Hoskinson also underscores the rivalry between both protocols.

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Cardano Founder Sparks Fresh ADA Vs ETH Comparison

At first, the Decentralized Finance (DeFi) innovator referenced a post from Lefteris Karapetsas, the founder of the Rotki app. This post on X includes a labeled picture, naming those who attended the Ethereum launch day. From the names written on the picture, it turned out that Hoskinson was not featured.

https://twitter.com/IOHK_Charles/status/1818377887432716475?ref_src=twsrc%5Etfw” rel=”nofollow

Those in attendance included the phenomenal Ethereum co-founder Vitalik Buterin, his partner Gavin Wood, and Solidity creator Christian amongst others. With a suggestive tone, Cage highlighted “Oh look, no Charles Hoskinson.”

In response to the sarcastic statement, the Cardano founder explained that he left the group in June 2014. Then he added “…..The world has Cardano now, and Ethereum gets to borrow our roadmap. Worked out for everyone.”

The conversation suddenly led to the comparison of Cardano and Ethereum’s performance over time. Cage shared charts to substantiate his argument about Ethereum performing better than Cardano. However, Cardano community members did not want to hear any of it.

One X user pointed to the fact that members of the Ethereum ecosystem are only out to pick a fight with Hoskinson for engagement.

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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).

In terms of staking, Ethereum hit a major milestone with about 28.1% of the altcoin’s total supply now staked. This marks an all-time-high (ATH) after hitting 27% a few months ago. In addition, it reflects the bullish sentiment of the second largest cryptocurrency by market cap amongst crypto investors.

Due to the increase in staked ETH, the total volume of Ethereum in centralized exchanges plummeted to a five-month low of nearly 17 million. Therefore, only 10% of ETH are left on these exchanges. These metrics confirms that Ethereum has truly registered excellent results but it does not undermine the achievements of Cardano.

Read More: NEAR Protocol Price Targets $8 Comeback as Active Addresses Hit ATH

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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