The CEO of IOG, Charles Hoskinson, has recently reiterated that Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is better than the flagship digital currency, Bitcoin (BTC).
There have been heated conversations in the past over the best between the two largest cryptocurrencies, Bitcoin and Ethereum. While many believe that Bitcoin will always be the king of coins, some others think Ethereum’s trajectory will make the difference eventually.
Charles Hoskinson Says Ethereum Is Better Than Bitcoin
Charles Hoskinson, who is a co-founder of Ethereum (ETH), once again made his stance known regarding the best digital asset between Ethereum and Bitcoin.
This came in response to the comment of a popular Bitcoin maximalist, Anthony Pompliano, who said Ethereum is not Bitcoin, in a bid to undermine Ethereum, the world’s largest smart contracts platform.
As expected, the tweet gained thousands of mixed reactions. Hoskinson, the creator of Cardano also responded in support of the project he co-founded, a comment that notably impressed the Ethereum community.
Charles Hoskinson wrote, “No it’s better.”
No it's better
— Charles Hoskinson (@IOHK_Charles) August 13, 2021
Meanwhile, Hoskinson had acknowledged the capability of Vitalik Buterin as a leader in the Ethereum ecosystem in an interview with Bloomberg News.
Charles Hoskinson noted:
“Vitalik is a young guy. He’s going to apply his youth and his wealth toward the things he thinks are right for his ecosystem. And he’s got a lot of people working with him, like ConsenSys and so forth, that are certainly big companies and they have a lot of people and money too.
“When you have that kind of momentum, something is going to happen. If I had to guess I’d say the most significant heavy lifting in their upgrade strategy will occur in 2022, and they’ll probably wrap it up by the end of the year 2022 or early in 2023 at their current velocity.”
In the course of the interview, Cardano creator also condemned Bitcoin maximalists, who are fond of criticizing innovation and improvement in the crypto ecosystem:
“When you say, “let’s change something because it’s 15% faster,” they’ll say, “you can’t change that, because it’s not in the Bible, it’s not in the Bitcoin white paper.
“It actually prevents neutral people from entering. I’ve had more than one Fortune 500 company say, “I don’t want to do anything in crypto, because the minute we pick a single blockchain to work on, all the others will attack us.”