Cardanoย (ADA) co- founder Charles Hoskinson has made some comments onย Twitterย platform about Ethereumย (ETH) Classic (ETC), defining it as a scam.
Cardanoโs Charles Hoskinson calls the Ethereumย (ETH) Classic cryptocurrency project a scam
Directly on the social network of crypto-lovers, Twitter, Charles Hoskinson, co- founder of Cardano, stated that the Ethereumย (ETH) Classic cryptocurrency project is now a scam.ย
Hoskinsonโs remarks come in response to the release of a new โPoW Summitโ event to be presented in September in Prague by the Litecoin Foundation and the Ethereumย (ETH) Classic Cooperative.
Not only that, Hoskinson likewise intervenes after Ergoโs platform was mentioned in the comments, which was rejected attendance by Bob Summerwill, executive director of the ETC Cooperative.
Apparently, Hoskinsonโs states referring to ETC are indirectly aimed at Summerwill.
The founder of ADA thus wasย known the ETC cryptocurrency project a scam, which allows participants to make money from those they recruit, and which now has no roadmap, innovation, or a single vision.
Furthermore, Hoskinson alsoย mentionedย that what moves ETC is just โanger and toxicity.โ
Cardanoโs Hoskinson and the rant against the Ethereumย (ETH) Classic project in favor of Ergo
Hoskinsonโs rant then likewise names Ergo, a next-generation PoW smart contract platform that enables new models of financial interaction.ย
Andย yes, in the eyes of Cardanoโs founder, Ergo is what Ethereumย (ETH) Classic should have been, with plentyย of purpose, willingness to innovate, good ethical leadership, and with financing for the future.
Consequently, who knows whether theย current outburst was intended to make Ethereumย (ETH) Classic look bad, or likewise to highlight the Ergo cryptocurrency project.
Still, at the PoW Summit in Prague, other big cryptocurrency industry names such as Charlie Shrem, Jameson Lopp, Litecoin founder Charlie Lee, and Caitlin Long of Custodia Bank will likewise be present.
ADA vs ETC
Attemptingย to compare the two cryptocurrency assets Cardanoย (ADA) and Ethereumย (ETH) Classic (ETC), here is the situation.
Cardanoย (ADA) ranks 7th in marketย cap, which asย ofย now exceeds $12.7 billion. Ethereumย (ETH) Classic (ETC), on the other hand, is in the 25th position, with a marketย capitalization of over $2.5 billion.
Atย theย timeย ofย publication, the price of ADA is $0.37, a 6 percent fall from theย previousย 30ย days. ETCโs price, on the other hand, is $18, with a 8 percent fall from last month.
It isย importantย toย noteย that in terms of daily volumeย ofย trading, ADA is trading for twice as much as ETC. Andย yes, while ADA has a last 24-hour volumeย ofย trading of nearly $150 Million, ETC stands at $77.5 million.
