Cardano founder Charles Hoskinson gave another passionate speech about his commitment to ensuring Cardano's ecosystem is superior to Ethereum.
Hoskinson, who co-founded Ethereum, is also under intense scrutiny by factions from the Cardano community for what he considers to be a contribution to the stagnation of the ADA ecosystem. Some suggested he was “cancer” and argued that Cardano would be better without him.
But as he continues to emphasize, Cardano is his brainchild and he does not want it to disappear. Hoskinson repeated this with him. AMA Podcasts On Sunday, I assure him his commitment to ensuring that the network thrives.
Hoskinson renews Ethereum rivalry
Meanwhile, he assured him he wanted to beat Cardano even against major competitors like Ethereum. He expressed his frustration that Cardano is lower than Ethereum, adding that his goal is for the network to strengthen the situation every day to ensure Ethereum.
In particular, this is not the first time Hoskinson has targeted his old efforts. He has previously criticized Ethereum, which is in favour of Cardano, claiming that his chain has better technology.
For context, he called the chain a The dictatorship controlled by co-founder Vitalik Buterin last year. In April, he questioned the long-term viability of Ethereum and insisted it would not. The last 10-15 years. Some of the reasons behind the founder of Cardano in his claims were the inadequate selection of consensus mechanisms and the adoption of a layer 2 scaling solution.
Surprisingly, Bad Blood dates back to 2014, when Buterin and the Core team eliminated him as CEO over differences of opinion on the Ethereum roadmap. Hoskinson wanted Ethereum to function as a commercial and profitable entity, but Butalin rejected the idea and instead chose to have the ecosystem existed as a nonprofit organization. Hoskinson founded Cardano after his departure.
Currently, Ethereum is the second largest cryptocurrency by market capitalization, with a valuation of $540 billion. Meanwhile, Cardano ranks 10th in the market capitalization of $30 billion. For ADA to outweigh Ethereum, ADA should collect at least 1,700% to price it at $15.2.
Charles Hoskinson highlights internal conflicts
Additionally, Charles Hoskinson noted that there was once an internal conflict between the developer and the IOG team. This has hindered ecosystem growth due to stagnation of implementations like smart contracts.
However, this was wrong with integrations such as midnight networks and races. He emphasized that Glacier Drop has a core scaling solution Hydra alongside Cardano Smart Contract.
“Now we had to fix a lot of broken windows along the way,” he added.
