Ethereum

Cardano

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cardano-price-surges-and-charles-hoskinson-critiques-ethereum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cardano Price Surges and Charles Hoskinson Critiques Ethereum</a><br></p>
<p style="text-align: justify">In the past week, Cardano’s price has increased by 15%, allowing it to re-enter the top ten <a href="https://en.coin-turk.com/predictions-from-qcp-analysts-crypto-experts-say-its-time-now/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrencies</a>. While the Cardano community expresses optimism about the asset, critics question the activity figures on the network, continuing a long-standing debate. Meanwhile, Cardano’s founder, Charles Hoskinson, referred to Ethereum’s overseer, Vitalik Buterin, as a dictator.</p>
<h2 style="text-align: justify" id="cardano-outperforms-ethereum">Cardano Outperforms Ethereum</h2>
<p style="text-align: justify">Over the last two weeks, Cardano has outperformed Ethereum with a 25% gain, surpassing Ethereum’s 21% increase. The better price movements of <a href="https://en.coin-turk.com/major-fintech-company-revolut-delists-cardano-polygon-and-solana/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ADA</a> compared to Ethereum are interpreted as indicators of high volatility, potentially signaling increased market interest and participation.</p>
<p style="text-align: justify">In an interview with Cointelegraph, Hoskinson criticized Ethereum’s centralized structure, suggesting that Buterin is too dependent on the network. He stated, “Everyone looks to him for the roadmap.”</p>
<blockquote>
 <p>“Everyone looks to him for the roadmap. Everyone looks to him for inspiration, and he’s the only one with enough power to gather people.” – Charles Hoskinson</p>
</blockquote>
<p style="text-align: justify">Hoskinson described Cardano’s new governance model as more collaborative and decentralized, especially with the initiation of the Voltaire Era on September 1, where ADA Coin investors gained voting rights on significant developments. However, this governance ability, present in many networks for years, is relatively new to Cardano. Even after gaining smart contract capabilities at the end of 2021, Cardano remains somewhat ghostly, lacking compelling applications. Critics argue that Hoskinson is not working sufficiently for Cardano and is wasting resources on pointless discussions.</p>
<h2 style="text-align: justify" id="competition-between-cardano-and-ethereum">Competition Between Cardano and Ethereum</h2>
<p style="text-align: justify">The communities of Cardano and Ethereum have long criticized each other and engaged in rivalry. Hoskinson argues that Cardano’s governance model is more sustainable, claiming the network will continue to succeed after him; however, this may seem humorous given the model’s 25-day existence. While he asserts that Ethereum is centralized under Buterin’s leadership, the same can be said for Hoskinson’s role in the Cardano network. Considering the role of the Ethereum Foundation, Ether may even be less centralized.</p>
<p style="text-align: justify">While Hoskinson’s comments have sparked debates within the Ethereum community, it is evident that the ongoing discussions have not benefitted Cardano’s development. Perhaps he should focus more on improving his own network.</p>
<p>The post <a href="https://en.coin-turk.com/cardano-price-surges-and-charles-hoskinson-critiques-ethereum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cardano Price Surges and Charles Hoskinson Critiques Ethereum</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Cardano Price Surges and Charles Hoskinson Critiques Ethereum

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