Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Charles Hoskinson – Cardano Will Gain Market Share From Ethereum

Charles Hoskinson – Cardano Will Gain Market Share From Ethereum

Kelly Cromley by Kelly Cromley
Mar 23, 2021
in Market News, News
Reading Time: 3 mins read
0

Charles Hoskinson The model adopted by Ethereum, as per the founder of Cardano, Charles Hoskinson, is basically faulty and unsustainable in the years ahead. Cardano, in general, is perceived as Ethereum rival. In the latest livestream iva Periscope, he made harsh comments on the DeFi industry, calling most of the ventures as useless.

He trusts that few big investors have an upper hand on DApps. Likewise, he believes that NFTs are extremely overpriced. Hoskinson also pointed to Ethereum’s high fees and time delays in processing transactions.

RelatedPosts

Uzbekistan Launches HUMO Token Backed by Sovereign Bonds

Brave Wallet Integrates Cardano, Boosting Web3 Access

MicroAlgo Unveils Blockchain-Powered IP Protection Algorithm

0xmd Expands to Brazil in AI Healthtech Deal with SENAI CIMATEC

Hoskinson has also rebutted claims that Cardano is basically a ghost chain. The cynicism originates from its continuously rising valuation in spite of not hosting a popular app on it. As per the mathematician, the criticism is intentionally deceptive.

Charles Hoskinson underlined that Cardano is going through its budding stage, and still large enterprise are willing to use its network. As an example, he highlighted New Balance, an international apparel giant which has created a shoe validation service on Cardano.

Input Output Hong Kong (IOHK), the company backing Cardano project was founded by Hoskinson. Before establishing IOHK, for over two years, he worked along with Vitalik Buterin who is the core developer of Ethereum blockchain. Nevertheless, he parted from the team and Buterin on governance and financing issues.

Some Thoughts on DApps https://t.co/0rHRxdblPP

— Charles Hoskinson (@IOHK_Charles) March 21, 2021


Hoskinson believes that Cardano embodies the heart of cryptocurrencies and that if it fails, the whole industry goes down as well.

“If Cardano fails, cryptocurrencies ought to fail because we’re doing everything the right way. And we’re doing in a way that maximizes the egalitarian nature of the system.”

Hoskinson did not constrain himself which criticizing Ethereum project. He pointed out that most decentralized applications (DApps) hosted on Ethereum blockchain are under the control of a small number of players. Furthermore, only a negligible portion of DApps are really being used, with a major percentage remaining as ghost apps without any real-world usage. Last year, a mere 31% of unique DApps were created and hosted on Ethereum. He forecasts no change in the trend in 2021 as developers are concerned about the high gas fees.

“If the goal is rampant speculation, Ponzi schemes, no real use and utility and no ability to scale to billions of people, I want nothing to do with that.”

As per Hoskinson, Ethereum market is rooted on hyping fake ventures and making quick cash. The system, as per Cardano founder, does not make any sense. He also calls the project “immoral, unethical, and it should be illegal.”

He alleged that the overall defect in the model has paved way for NFT such as Homer Pepe to be traded for $300,000 and some other NFTs are raking up to $6 million.

Hoskinson made scathing criticism of Ethereum project by stating that it will fade away just as many big projects in the past. His argument was based on the opinion that large projects fade away because they fail to advance, adopt and meet client needs.

“You don’t believe me? Do something for me; take out your Blackberry phone, go to Yahoo on your Netscape browser and search for your Myspace profile. Tell me how that’s working for you. This is how quickly things can change.”

It is not the first time Hoskinson has countered statements calling Cardano as a ghost chain. In recent times, he has made multiple tweets to explain the Cardano ecosystem, in which multiple large enterprises will be participating. Notably, the Cardano network will also include governments of Ethiopia and Georgia, in addition to associates such as Vacuum Labs and PwC. Even multinational firms such as New Balance and DeFi focused platforms such as Bondly and Algoz will be part of the Cardano network.

Hey Ghost Chain carnival barkers, I ran out of space for my picture. I guess I need a bigger one pic.twitter.com/gVXpAfOazd

— Charles Hoskinson (@IOHK_Charles) March 20, 2021


Previous Post

As Turkish Lira Plunges 14%, Bitcoin Searches Surge 566%

Next Post

Bitcoin Miner Blockcap Aims to Have 40,000 ASICs in Operation by Q4

Related Posts

uzbekistan launches humo token backed by sovereign bonds

Uzbekistan Launches HUMO Token Backed by Sovereign Bonds

by Kelly Cromley
May 13, 2025
0

Uzbekistan is preparing to introduce HUMO, a blockchain-based digital token backed by government bonds, as part of a broader strategy...

brave wallet integrates cardano, boosting web3 access

Brave Wallet Integrates Cardano, Boosting Web3 Access

by Kelly Cromley
May 13, 2025
0

Brave, a privacy-centric Web3 browser, has officially integrated the Cardano blockchain into both its native and standalone wallet applications. This...

microalgo unveils blockchain-powered ip protection algorithm

MicroAlgo Unveils Blockchain-Powered IP Protection Algorithm

by Kelly Cromley
May 13, 2025
0

MicroAlgo Inc. has introduced a blockchain-based intellectual property (IP) protection algorithm designed to overcome long-standing challenges in digital copyright enforcement....

0xmd expands to brazil in ai healthtech deal with senai cimatec

0xmd Expands to Brazil in AI Healthtech Deal with SENAI CIMATEC

by Kelly Cromley
May 13, 2025
0

0xmd, a global startup focused on Generative Artificial Intelligence (AI) for healthcare applications, has officially launched its operations in Brazil...

fireblocks joins calastone to advance tokenized fund distribution

Fireblocks Joins Calastone to Advance Tokenized Fund Distribution

by Kelly Cromley
May 13, 2025
0

Fireblocks has announced its collaboration with Calastone, the global funds network, to enhance Web3 connectivity within Calastone’s Tokenized Distribution solution....

promptale ai and orbler unite to revolutionize web3 engagement

PrompTale AI and Orbler Unite to Revolutionize Web3 Engagement

by Kelly Cromley
May 13, 2025
0

PrompTale AI has officially disclosed its strategic partnership with Orbler through its verified account on X (formerly Twitter), outlining a...

Next Post
Bitcoin Miner Blockcap Aims to Have 40,000 ASICs in Operation by Q4

Bitcoin Miner Blockcap Aims to Have 40,000 ASICs in Operation by Q4

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • XRP Ledger Embraces Precious Metal-Backed Stablecoins with Meld Gold Partnership

    by Kelly Cromley
    Oct 2, 2024

Recent News

uzbekistan launches humo token backed by sovereign bonds
Market News

Uzbekistan Launches HUMO Token Backed by Sovereign Bonds

by Kelly Cromley
May 13, 2025
brave wallet integrates cardano, boosting web3 access
Market News

Brave Wallet Integrates Cardano, Boosting Web3 Access

by Kelly Cromley
May 13, 2025
microalgo unveils blockchain-powered ip protection algorithm
Market News

MicroAlgo Unveils Blockchain-Powered IP Protection Algorithm

by Kelly Cromley
May 13, 2025
0xmd expands to brazil in ai healthtech deal with senai cimatec
Market News

0xmd Expands to Brazil in AI Healthtech Deal with SENAI CIMATEC

by Kelly Cromley
May 13, 2025
fireblocks joins calastone to advance tokenized fund distribution
Market News

Fireblocks Joins Calastone to Advance Tokenized Fund Distribution

by Kelly Cromley
May 13, 2025

Categories

  • Altcoin News
  • Analysis News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market News
  • News
  • Ripple News
  • Solana News

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree