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COINTURK NEWS > Cardano (ADA) > The Tension Between Cardano’s Founder and the XRP Community
Cardano (ADA)

The Tension Between Cardano’s Founder and the XRP Community

In Brief

  • Cardano founder clashes with XRP community.

  • Recent tweet reignites longstanding tensions.

  • No collaboration seen between Cardano and XRP.

COINTURK NEWS
COINTURK NEWS 1 year ago
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It is a well-known fact that Cardano’s founder, Charles Hoskinson, has been at odds with members of the XRP community for years. Over the past few years, the skirmishes between the two sides have deepened, leading to a profound distrust in the cryptocurrency community known for their commitment to X.

Contents
Hoskinson and the XRP Community’s TensionCardano’s Founder and the Strains

Hoskinson and the XRP Community’s Tension

The ongoing conflict between Hoskinson and the XRP community resurfaced on Sunday when a tweet about XRP that the Cardano founder had posted about a year ago was revived by users on the X platform.

In his post, Hoskinson had disparaged the XRP community as “toxic and insignificant” and had completely destroyed any potential partnership between Cardano and XRP. At that time, Ripple CTO David Schwartz had responded, asking Hoskinson to reconsider his statement about XRP. Nevertheless, he did not receive a response to his request.

As can be inferred from Hoskinson’s stance, a collaboration between Cardano and XRP does not seem very likely. The Cardano founder, adhering to his past statements, reminded everyone of the technical disagreements between Cardano and XRP, as well as the actions taken by the XRP community.

The founder of Cardano pointed out that unlike Ethereum, Polkadot, and Algorand, which have similar issues and are also seeking solutions, XRP has a “different market product fit.” According to him, XRP is designed to serve a different purpose, functioning more as an interbank settlement system and a CBDC stack rather than a decentralized smart contract system.

Cardano’s Founder and the Strains

In recent months, Hoskinson, the founder of Cardano, has been increasingly in the spotlight due to his harsh attitudes and anger towards other popular crypto communities. Last week, Hoskinson faced severe criticism after describing the Bitcoin Beach platform in El Salvador and Ordinal Inscriptions as “shitcoins.”

The events surrounding Hoskinson did not end there. In recent days, he has been at the center of harsh criticism from members of the XRP community due to his comments on the much-debated ETHGate scandal. Members of the XRP community defending this situation claim that the U.S. Securities and Exchange Commission (SEC) has granted Ethereum a free pass by indicating it, while the underlying argument is the SEC’s definition of Ethereum as not being a security.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 18 December, 2023 - 8:53 pm 18 December, 2023 - 8:53 pm
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