IOHK CEO Charles Hoskinson Replies to the Podcaster who Called Cardano a Scam

Charles Hoskinson, the CEO of Cardano’s parent company, IOHK, has finally replied to the podcaster called the blockchain company a ‘blatant scam.’ 

•David Hoffman of The Bankless podcast skeptical on Cardano

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•Rivalry between Cardano and Ethereum heightens. 

•Cardano is working on new features. 

In his very recent podcast, David Hoffman, the podcaster of The Bankless, called Cardano a blatant scam while reviving the age-old hostility between Cardano and Ethereum.

The podcast updated its viewers with major happening crypto events, including his take on the Ethereum Improvement Proposal (EIP) 1559. However, in terms of releasing a full-fledged Proof of Stake platform, Cardano is steps ahead of Ethereum, making Hoffman’s statement pretty much contradictory. 

Cardano Does not Have Smart Contracts, Criticises Hoffman. 

According to a CNBCTV report, Hoffman openly detested Cardano and declared it a worthy contender in the list of ‘Ethereum killers.’ He said that he currently doesn’t even have intelligent contracts in the first place.

Moreover, it doesn’t have an application, and what users can do at most is a stake and sell Cardano tokens. Hoffman supports his skeptical views on Cardano by saying that it doesn’t have any assets, app layer, or trading on UniSwap. 

Hoskinson Backfires the podcaster and Cardano Critics.

In a tweet, Charles Hoskinson fired up on Hoffman’s views. He wrote that calling them skeptical on a public platform is acceptable to some extent but calling them criminals is on a different level.

While highlighting the mainstream adoption of cryptocurrency, the IOHK CEO confirmed that the team is building NFT Marketplaces, oracles, DEXes, stablecoin offerings. However, the rollout of these facilities is still on hold and will be kept on hold until the Alonzo stage rolls out.

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Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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