Hoskinson to Cardano Critics: Where’s the Proof of “No Achievements”?

Cardano founder Charles Hoskinson is publicly challenging a recent 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.

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

— Charles Hoskinson (@IOHK_Charles) March 26, 2025

The criticism from a 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 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 Ethereum founders 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 enable developers to easily install their applications on the Ethereum blockchain with a simple, one-click process.

Interestingly, Hoskinson was quick to dismiss the notion of Ethereum being simply a “Bitcoin 2.0” during the interview. Instead, he described it as the next step in a series of experiments that the cryptocurrency world had been undertaking since Bitcoin’s creation in 2009. Hoskinson viewed Ethereum as providing the missing functionalities that the cryptocurrency ecosystem lacked in 2014.

Why Did Hoskinson Eventually Leave Ethereum to Create Cardano?

Hoskinson, a well-regarded figure in blockchain development, eventually departed from Ethereum and embarked on the journey of creating Cardano. He envisioned it 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 respective crypto communities have frequently engaged in debates and discussions, often arguing about which network holds a dominant position over the other.

Why is Cardano Facing Increased Criticism Now?

In recent months, Cardano has found itself under increased scrutiny, 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 resulting criticism, Cardano’s founder has been actively defending the network and highlighting its achievements.

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