- Hoskinson challenges Ethereum: Cardano founder cites perceived flaws in Ethereum’s programming model.
- Rapid progress: Cardano achieves significant advancements, including the Hydra scaling solution live on its mainnet.
Cardano and Ethereum: The Ongoing Blockchain Battle
In the rapidly evolving world of blockchain technology, no rivalry has garnered as much attention recently as that between Ethereum and Cardano. The epicenter of the latest verbal duel is Cardano’s founder, Charles Hoskinson, who has castigated Ethereum for what he perceives as inherent weaknesses in its programming model.
It's getting delusion town now. Hydra is live on mainnet and evolving fast. Mithril is live as well and the first step towards a rich DA and light client strategy. We already designed a significantly better way of handling transactions via tiered pricing and Babel fees.
There's… https://t.co/2cJa8ivJGu
— Charles Hoskinson (@IOHK_Charles) August 17, 2023
Hoskinson’s fiery remarks came in the wake of a bold assertion by an Ethereum advocate. The advocate not only suggested that Cardano is treading the path already carved by Ethereum but also insinuated that it lags a few years behind. The enthusiast further prophesied that Hoskinson would soon abandon the touted Hydra scaling solution and eventually nudge Cardano to follow Ethereum’s lead, emphasizing certain features as essential for Cardano’s success, notably fee markets and data availability.
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Cardano’s Achievements Take Center Stage
Countering these claims, Hoskinson delineated several of Cardano’s significant accomplishments. Most prominently, he mentioned the live implementation of the Hydra scaling solution and Mithril on the Cardano mainnet. Elaborating on Cardano’s innovative approach, he shared the development of a more effective transaction mechanism leveraging “tiered pricing and Babel fees.” Adding depth to the discussion, he reminded the community that Cardano has had a rollup strategy ever since the inception of the Midnight protocol about four years ago.
Addressing Ethereum directly, Hoskinson didn’t mince words. He criticized Ethereum’s consensus layer, describing it as a “dumpster fire” and further claimed that Ethereum’s own Layer-2 ecosystem is cannibalizing the network. In contrast, Hoskinson extolled Cardano’s sidechain initiatives, stating they provide mutual benefits to both the sidechain and Cardano itself. His final jab at Ethereum proponents:
“We are living rent-free in the maxi minds. I pity them.”
Always one to defend Cardano against detractors, Hoskinson has a history of robust responses. He has previously silenced critics, ranging from venture capitalists to sections of the crypto media, who predicted Cardano’s decline. Emphasizing the network’s resilience, he signaled that Cardano’s robustness is undeniable, as underscored by a Santiment report ranking Cardano third in blockchain development activities in the past month.
As the debate rages on, Cardano’s native token, ADA, witnessed a minor surge, trading at $0.274—a 0.4% increase over the past day. In contrast, leading cryptocurrencies Bitcoin and Ethereum have recorded losses in the same timeframe.
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