Cardano Founder Charles Hoskinson Challenges Assertion That the Blockchain Solution Has Failed to Achieve Anything Significant

Hoskinson responded to a post on X, directly asking whether the critic's statement about Cardano's supposed lack of accomplishments over the years was a fair assessment.

In a recent post on X, a crypto user criticized Cardano for a lack of significant accomplishments since its launch several years ago.

The post drew a comment from Charles Hoskinson, the founder of Cardano.

Responding directly to the critic, Hoskinson asked if the statement was a fair assessment and on what basis it was made.

“Why do you feel Cardano has no achievements? Is that really a fair statement. What basis are you making it?”

The criticism from the crypto user appeared as a comment under a post that featured Hoskinson during his tenure as the CEO of Ethereum.

Hoskinson, who was involved with Ethereum in 2014, had expressed his admiration for the blockchain network at the time, famously referring to it as ‘Oil’ in the cryptocurrency ecosystem, while positioning Bitcoin as ‘Gold.’

What Was Hoskinson’s Vision for Ethereum in 2014?

According to Hoskinson, the original founders of Ethereum innovatively combined a programming language with a blockchain foundation. They then built an additional layer on top of this primary blockchain, envisioning it as an operating system for the entire cryptocurrency space.

Back in 2014, Hoskinson explained that Ethereum’s primary goal was to empower developers to effortlessly install their applications on the Ethereum blockchain through a simple, one-click procedure.

Interestingly, Hoskinson quickly dismissed the notion of Ethereum being merely a “Bitcoin 2.0″ during the interview. Instead, he described it as the next stage in a series of experiments that the cryptocurrency world had been engaged in since Bitcoin’s inception in 2009.

In 2014, Hoskinson saw Ethereum as introducing the lacking functionalities that the cryptocurrency ecosystem needed.

Why Did Hoskinson Eventually Leave Ethereum to Create Cardano?

Hoskinson, a respected figure in blockchain development, eventually left Ethereum and set out to create Cardano, which he envisioned as a more scalable and open-source platform for conducting transactions.

Cardano was officially launched in 2017, following its development starting in 2015. Since their respective launches, both Cardano and Ethereum have undergone numerous transformations and upgrades. Over the years, members of both their crypto communities have frequently engaged in debates and discussions, often arguing about which network holds a dominant position.

Why is Cardano Facing Increased Criticism Now?

In recent months, Cardano has faced increased attention, particularly in the United States. This heightened attention follows the recent decision by American regulators to classify ADA, Cardano’s native cryptocurrency, as an unregistered security.

In response to this regulatory pressure and the criticism that followed, Cardano’s founder has been actively defending the network and highlighting its accomplishments.