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HomeCrypto NewsMarketCardano Founder Blasts Ethereum Classic, Says ETC “Is A Dead Project With...

Cardano Founder Blasts Ethereum Classic, Says ETC “Is A Dead Project With No Clear Purpose”

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Hoskinson once again blasted another top crypto project.


Shortly after being accused of trying to exploit Ethereum Classic (ETC) miners, Charles Hoskinson, the founder of Cardano, hit out at the project. 

In a recent tweet, a prominent Ethereum Classic supporter with the username @Sethccormack9 alleged that Hoskinson wanted to impose a 20% miner tax in a bid to “milk” the network. 

“Charles Hoskinson wanted to implement a 20% miner tax to milk ETC,” @Sethccormack9 said. 

Hoskinson Responds Harshly

The comment did not sit well with Hoskinson, prompting him to publicly comment on the development. Hoskinson noted that the so-called tax was a sustainable development fund, not a miners’ tax, as the Ethereum Classic proponent claimed. 

“I love how a sustainable development fund turns into a miner tax,” Hoskinson said. 

He added that the Ethereum Classic network still makes him sad for not reaching its full potential. Furthermore, Hoskinson said ETC is a dead project with no clear purpose of existence outside of spite. 

Hoskinson is known to always respond to issues capable of denting his reputation or the Cardano project. On several occasions, he has taken swipes at top blockchain projects that previously criticized Cardano. 

As reported by TheCryptoBasic, Hoskinson compared Solana to an old Nintendo console while recommending a YouTube video that could fix the constant network congestion experienced on the network. 

Cardano Enthusiasts React

Aside from Hoskinson, other core Cardano supporters also slammed the user for “wrongfully” accusing the founder of Cardano. @MarcoMeerman says:

“You lack love and positive attention because you get attention with being negative. I am not jealous of you, you must be going through a hard time in your life. Here is a hug.”

Meanwhile, Hoskinson is not the only top crypto enthusiast who has slammed Ethereum Classic in recent times. The project has continued to be slammed for not reaching its full potential after its hard fork from the Ethereum network. 

Ethereum’s Vitalik Buterin Thinks Otherwise

However, not all crypto stakeholders believe Ethereum Classic is dead. 

With the Ethereum Merge upgrade around the corner, many people expect another network hard fork to occur once ETH Merge is live. The belief is that miners will want to continue the mining activity even after Ethereum transitions to a Proof-of-Stake algorithm consensus. 

In July, Vitalik Buterin, the co-founder of Ethereum, urged ETH miners to migrate to ETC after the Merge upgrade finally ships. He described Ethereum Classic as: 

“a very welcoming community, and I think they’ll welcome Proof-of-Work fans […] It’s not even a joke. If you like Proof-of-Work, you should go use Ethereum Classic. It’s a totally fine chain.”

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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