Charles Hoskinson, the co-founder of both Ethereum and Cardano, faces sharp criticism from some members of the ADA community. A section of supporters accused him of stalling Cardano’s growth, even labeling him a “cancer” to the project. They argued that Cardano might progress faster without his influence.
Founder Stresses Commitment to Cardano
Despite the backlash, Hoskinson stressed during his AMA on Sunday that Cardano remains his life’s work. He declared that he has no interest in watching his creation fail. He explained that his future, brand, and legacy all hinge on Cardano’s success.
Unlike investors who support ADA for profits or fans who admire its technology, Hoskinson said his reason is more personal he is the founder, and his reputation depends on it. Hoskinson openly admitted he wants Cardano to overtake Ethereum. He expressed frustration that Ethereum ranks far ahead in the crypto market.
Related article: Charles Hoskinson Confirms Cardano in Talks with WLFI and Chainlink
He vowed to improve Cardano’s position daily until it can surpass its former rival. Ethereum currently holds the second spot with a $540 billion market cap, while Cardano sits at tenth with $30 billion. For ADA to overtake Ethereum, the token would need to rise by 1,700%, reaching roughly $15.2.
History of Bad Blood with Ethereum
Hoskinson’s rivalry with Ethereum stretches back to 2014. Vitalik Buterin and other core members removed him as CEO after a dispute over Ethereum’s direction. Hoskinson wanted a for-profit model, but Buterin preferred a non-profit structure. After leaving, Hoskinson launched Cardano as a competing blockchain. Over the years, he has criticized Ethereum’s governance and technology. Last year, he even called Ethereum a dictatorship under Buterin. In April, he predicted Ethereum might not survive another 10 to 15 years, citing its consensus mechanism and reliance on layer-2 solutions.
Related article: Charles Hoskinson Responds to Scam Risks with $100M DeFi Proposal
Hoskinson admitted that internal conflicts between developers and Input Output Global (IOG) slowed Cardano’s growth. Smart contract integration stalled, leaving the project behind. However, he pointed to improvements such as the Midnight Network, Lace wallet, and the Hydra scaling solution as turning points.
These upgrades, he said, corrected earlier mistakes and prepared Cardano for long-term https://twitter.com/Cryptoboom29884/status/1779835929575698590adoption. “Now we had to fix a lot of broken windows along the way,” Hoskinson concluded, reaffirming his determination to see Cardano thrive.
