Cardano is Better Than Bitcoin and Ethereum, According to Charles Hoskinson

The competition among leading blockchains, including Bitcoin, Ethereum, and Cardano, intensifies, with Charles Hoskinson of Cardano making bold claims after the recent Chang hard fork.

The competition among leading blockchains, includinThis upgrade shifts Cardano’s governance structure, positioning it as a stronger competitor against Ethereum.

At the Token2049 Conference in Singapore, Hoskinson emphasized Cardano’s advantages, stating that its new model distributes power more widely, unlike Ethereum, which he criticized for its dependency on founder Vitalik Buterin.

He described Ethereum’s governance as a “dictatorship,” arguing that Cardano’s changes ensure ongoing innovation regardless of individual leadership.

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Hoskinson highlighted the new governance features that promote collaboration among representatives, allowing for regular decision-making and updates to the blockchain roadmap. He asserted that innovation will persist on Cardano whether he is involved or not.

His long-standing rivalry with Ethereum dates back to his departure from the project, which he co-founded. Since launching Cardano in 2017, Hoskinson has aimed to challenge Ethereum’s dominance, though Ethereum currently leads in adoption and market position, with Cardano trailing in the tenth spot among cryptocurrencies.

Alexander Stefanov