Cardano in the last seven days $0.382433 its price has increased by 15%, returning to the top 10 cryptocurrencies. While the Cardano community is optimistic about the asset, critics question the activity figures on the network, a long-standing debate. Meanwhile, Cardano founder Charles Hoskinson has 
$2,629 He described Vitalik Buterin, who controls the network, as a dictator.
Cardano and Ethereum
Cardano has gained 25% over the last two weeks, outperforming Ethereum by 21%. ADA’s better price action compared to Ethereum is interpreted as an indicator of high volatility. This could be a sign of increased interest and participation in the market.
Cardano founder Charles Hoskinson criticized the centralized nature of the Ethereum network in an interview with Cointelegraph, stating that Vitalik Buterin is too reliant on the network. “Everyone looks to him for the roadmap,” Hoskinson said.
“Everyone looks to him for a roadmap. Everyone looks to him for inspiration, and he is the only one with the power to rally people.” – Charles Hoskinson
Hoskinson criticized Ethereum’s governance model, describing Cardano’s new governance model as more collaborative and decentralized. With the Voltaire Era, which went live on September 1, ADA Coin investors have the right to vote on important developments in the network. The problem is that this governance capability, which has existed in many networks for years, has only recently come to the Cardano network. Moreover, Cardano, which gained smart contract capabilities at the end of 2021, is still a ghost network and has no interesting applications. Hoskinson is clearly at the head of the network, and a significant part of the community argues that he does not do enough for Cardano and allocates unnecessary resources for meaningless discussions and studies. While all these discussions have been going on for years, ADA Coin is gradually moving away from the top cryptocurrencies.
The Competition Between Cardano and Ethereum
The Cardano and Ethereum communities have long criticized and competed with each other. Although Hoskinson argues that Cardano’s governance model is more sustainable and that the network will continue to be successful after him, this may seem a bit ridiculous for a governance model that is only 25 days old. Although he argues that Ethereum has a centralized structure under Buterin’s leadership, we can say the same for Hoskinson on the Cardano network. In fact, Ether is less centralized if we consider the role of the Ethereum Foundation.
Although Hoskinson’s statements have sparked discussions in the Ethereum community, it is clear that the discussions that have been going on for years have not benefited the Cardano network development in any way. Perhaps Hoskinson should be a little more busy with the development of his own network.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
