Cardano News: Hoskinson slams Ethereum community

Cardano founder Charles Hoskinson lashes out at the Ethereum community

On July 8, Cardano founder Charles Hoskinson set off a new round of debate and made severe criticisms of the Ethereum community. His comments came as ADA prices fell 6.5% today, falling back below US$0.17 after briefly breaking US$0.18 in the recent market rally. The token is currently close to US$0.167, giving up almost all of this week\'s gains due to the overall cryptocurrency market correction.

Hoskinson posted on the X platform in response to what he described as the Ethereum development community\'s deliberate silence on Cardano technology. \"It\'s not that I\'ve been working on this topic for more than a decade and launched a cryptocurrency that ranks third on CoinMarketCap with millions of users deployed,\" he wrote.\"In Ethereum inner circles, mentioning Cardano is a crime.\" The Cardano founder believes that the Extended UTXO (EUTXO) model represents the biggest innovation in the space of smart contracts. According to Hoskinson, the reason Ethereum cannot mention the technology is because they are \"actually trying to replicate it.\"

UTXO battle

The controversy stems from broader technical discussions around how blockchain handles transaction data. An Ethereum developer commented in a discussion string about bringing native UTXO features to Ethereum that the developer believes payments should be one-time objects rather than permanent. The remarks admitted that Bitcoin was doing the right thing in this regard, and Ethereum could introduce the same concept into the payment space.

The post further claims that proving existence through historical records while retaining only spent bits in the state can reduce the permanent state by approximately 99.8%. Ethereum uses an account-based model that tracks balances as persistent status. The UTXO (Unspent Transaction Export) system treats payments as separate coins that can be spent and destroyed. Cardano\'s EUTXO model extends the concept to support smart contracts while retaining the advantages of the UTXO model.

Proponents believe that UTXO-based systems can provide more predictable transaction costs, better parallelization capabilities, and stronger privacy protection. Critics claim that compared to Ethereum\'s account model, the system is more difficult to build complex applications. The debate has been going on for years, but Hoskinson\'s comments suggest that his views on it go far beyond technical differences. Friction between the two ecosystems is nothing new.

Cardano has positioned itself as a research-driven alternative to Ethereum since its launch. Hoskinson was a co-founder of Ethereum before leaving and founding Cardano. His frustration seems to stem from his belief that Ethereum developers refused to recognize Cardano\'s contribution. He pointed out that Ethereum developers are now exploring methods related to UTXO, which just proves the validity of Cardano\'s long-term position.

My Opinion

The technical debate between the account-based and UTXO-based models will not go away. Both methods have advantages. Ethereum\'s account model gave rise to the largest DeFi ecosystem among cryptocurrencies. Cardano\'s EUTXO model provides different trade-offs and may be more suitable for certain application scenarios.

It is obvious that the smart contract industry is still developing. Ethereum developers are exploring UTXO-related optimizations, which suggests the limitations of the account model. Similarly, Cardano\'s adoption rate failed to match Ethereum\'s, which suggests that technological advantages alone do not guarantee market success. Currently, the debate continues.

FAQs

Why is there friction between Cardano and Ethereum? Charles Hoskinson was the co-founder of Ethereum before leaving and founding Cardano. The two projects adopt different technical routes and have long-standing competition and conceptual differences.

Can Cardano surpass Ethereum? It may be unlikely in the short term, but it is not impossible. Cardano\'s EUTXO model provides technical advantages such as predictable costs and parallel processing, but Ethereum has a huge first-mover advantage in terms of developer consensus, DeFi mobility, and institutional adoption.

Does Cardano have a future? Yes, but it depends on implementation. Leios upgrades and growing interest in RWA (real-world assets) may drive adoption, while its community remains one of the most loyal communities in cryptocurrencies. However, Cardano needs to translate its technology roadmap into actual ecological growth and user activity to prove its long-term value.