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Vitalik Buterin Spills beans on Cardano’s former founder Charles Hoskinson

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  • Vitalik spoke frankly about his relationship with Charles Hoskinson
  • Explained how the two differed in their approach towards Ethereum
  • Calls himself and Charles a changed person since 2014

Former Colleague but now rivals

The relationship between Ethereum co-founder Vitalik Buterin and once co-founder of Ethereum Charles Hoskinson was a stormy one. Vitalik Buterin rarely talked about his former partner. However, on Lex Fridman’s podcast, Vitalik spoke candidly about his relationship with Charles Hoskinson.

Differing opinions led to the split

When Buterin created Ethereum, he was only 19 and, along with eight developers, laid the project’s foundation. Among the eight developers was Charles Hoskinson. However, once the project got off, neither Hoskinson nor Buterin agreed on the future course of Ethereum. Buterin wanted Ethereum to remain a non-profit-making platform and an open chain and decentralized system of governance. On the other hand, Hoskinson had other thoughts and wanted to accept venture capital and create a for-profit entity. The differences in approach were unfathomable, and finally, the two parted ways. Hoskinson bid adieu to Ethereum in June 2014.

Birth of Cardano

Hoskinson, 30, after a brief hiatus of six months, was approached by former Ethereum colleague Jeremy Wood. The duo started a new venture called IOHK. IOHK specialized in building cryptocurrencies and blockchains for corporations, government agencies, and educational institutions. However, the most prestigious venture was Cardano, which hosts its native ADA cryptocurrency.

Buterin said that both he and Hoskinson have evolved with time. He also accepted that he kept track of things and learned from people around Charles that his former partner had progressed and matured in many ways. Vitalik added that he is a changed man compared to 2014, and so is Charles, a much-changed man today.

Vitalik also underlined the fundamental difference in the approach he took and what Charles thought. Buterin sees Ethereum as a platform that encourages learners to discover solutions for themselves and evolve over a while. However, Cardano’s approach is more academic. Still, Viatlik acknowledged that Hoskinson and the IOHK team are doing some “interesting things.”

It is pleasantly surprising to see Buterin speak about his former colleague, especially since things have come to a full circle. Today Ethereum 2.0 is coming down the track, and Proof-of-Stake coins like Cradano’s popularity is surging. Investors are looking more towards Proof-of-Stake over Proof-of-Work.

Cardano is IOHK’s dream project. The public blockchain and innovative contract platform also host the ADA cryptocurrency. Ada has a market capitalization of $16 billion. It also is the fifth largest and only two spots away from Ethereum.  IOHK also hosts Ethereum Classic, which has a market cap of around $3 billion.

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