Hoskinson Accuses Ethereum of Borrowing Cardano's Roadmap
By Olivier Acuña | TH3FUS3 Chief Editor
July 31, 2024 05:36 AM
Reading time: 2 minutes, 3 seconds
TL;DR Cardano's Charles Hoskinson has accused Ethereum of borrowing its project roadmap, sparking massive debate amongst the communities of both projects. The accusation emerged after Ethereum celebrated its 9th anniversary. The rivalry between the two protocols has become more pronounced.
Charles Hoskinson's Bold Claim
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.
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 image, it turned out that Hoskinson was not featured.
Those in attendance included the phenomenal Ethereum co-founder Vitalik Buterin, his partner Gavin Wood, and Solidity creator Christian, among 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. It worked out for everyone."
The conversation suddenly led to a comparison of Cardano and Ethereum's performance over time. Cage shared charts to substantiate his argument that Ethereum performed better than Cardano. However, Cardano community members wanted to avoid hearing any of it.
One X user pointed out that members of the Ethereum ecosystem are only out to fight Hoskinson for engagement.
"The world has Cardano now, and Ethereum gets to borrow our roadmap. It worked out for everyone."
Ethereum Displays Excellent Performance
This vocal battle comes as Ethereum bags an outstanding market position. Spot Ethereum ETFs began trading precisely one week ago, and massive traction has been seen within this time. Despite the slump in the price, a post-ETF Ethereum rally of 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 is left on these exchanges.
These metrics confirm that Ethereum has registered excellent results, but they uphold Cardano's achievements.