Hoskinson is still throwing shades at Terra’s founder over his comments last month.
Charles Hoskinson, the CEO of Input Output Global (IOG), the organization responsible for the research and development of Cardano, is still trolling Do Kwon, the CEO, and founder of TerraForm Labs, over the collapse of his highly-praised blockchain network.
The Cardano exec took to Twitter to call the upcoming Terra 2.0, the “Wrath of Kwon.”
Hoskinson made this comment in response to a user who noted how quickly it was for the Terra team to fix a timeline for the launch of a new chain.
The user compared the anticipation of the launch of Terra 2.0 with that of Ethereum 2.0, which was announced months before the Terra network went live in 2019.
“It looks like Terra 2 will ship months before ETH 2. To think, since ETH proof of stake was announced, a top 10 coin will be born, die and reborn,” @technologypoet said.
Hoskinson Fires Shot at Kwon
While many users deliberated about the slow pace of the Ethereum team in the comment section, Hoskinson quoted the tweet and wrote: “Terra 2: Wrath of Kwon,” a post that suggests the Cardano boss is yet to let go of the negative comments Kwon made about ADA last month.
Terra 2: Wrath of Kwon https://t.co/xpvPL04fDD
— Charles Hoskinson (@IOHK_Charles) May 23, 2022
Recall that Kwon proposed last month that his company may consider buying ADA for “negative correlation” to back its flagship stablecoin TerraUSD (UST).
The comments did not sit well with Hoskinson at the time. However, he waited until Terra tokens, including LUNA and UST, started to dip before commenting on Kwon’s post.
“Should I buy some Luna for negative correlation?” Hoskinson asked the Cardano community.
Should I buy some Luna for negative correlation? https://t.co/iFeHJTSudM
— Charles Hoskinson (@IOHK_Charles) May 10, 2022
Competition Between Terra and Cardano
Prior to the collapse of the Terra ecosystem, both LUNA and ADA had engaged in a neck-to-neck battle over which coin would become the eighth-largest cryptocurrency in the market.
Both cryptocurrencies had overtaken each other on different occasions until Terra’s UST lost its peg to the dollar two weeks ago.
At the moment, TerraForm Labs is making plans to make investors whole again, with the team focusing on creating a new chain on May 27, 2022, in order to airdrop new LUNA tokens to existing Terra investors.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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