Logo
Cardano Ecosystem

Timestabloid

05/06/2024

·

131 views


Cardano Creator Talks about Relationship with Ripple and XRP Community

Charles Hoskinson, the creator of Cardano (ADA), recently addressed the ongoing debate surrounding him, XRP, and its parent company Ripple. His comments aimed to provide a clearer perspective on the situation between him and the XRP community and dispel any misconceptions. Hoskinson and the XRP community have been at loggerheads for a long time. Recently, […]

Cardano Creator Talks about Relationship with Ripple and XRP Community

Charles Hoskinson, the creator of Cardano (ADA), recently addressed the ongoing debate surrounding him, XRP, and its parent company Ripple. His comments aimed to provide a clearer perspective on the situation between him and the XRP community and dispel any misconceptions.

Hoskinson and the XRP community have been at loggerheads for a long time. Recently, the debate around ETH Gate, a conspiracy theory alleging the SEC’s preferential treatment of Ethereum over Ripple, renewed tensions between both parties. Hoskinson has firmly rejected such claims, calling them unsubstantiated speculation.

BlockDAG BDAG Presale

Read Also: Cardano Creator Hoskinson Ready to Make Peace with XRP Community. Here’s What He Said

In 2020, The SEC filed a lawsuit against Ripple and its executives, claiming that XRP sales were unregistered securities offerings and that its executives aided these sales. Many XRP community members are convinced that Ethereum received a free pass from the regulator.

Hoskinson’s Stance on ETH Gate

Hoskinson acknowledged that Ethereum’s initial coin offering (ICO) was relatively small, raising only $18 million. However, he avoided making claims about the reasons behind potential regulatory leniency during Ethereum’s early stages.

While recognizing the regulatory differences between Ethereum and Ripple, Hoskinson maintained that Ethereum played no role in influencing the SEC’s actions against Ripple and XRP. He emphasized the distinct functionalities of both platforms, pointing out that they don’t directly compete in the smart contract space.

Hoskinson’s unique perspective on this issue could have been shaped by his involvement in both Cardano and Ethereum. He was one of Ethereum’s five co-founders. However, in 2014, he was removed from the organization.

The XRP-faithful have consistently pushed the ETH Gate theory while fighting the SEC in the infamous XRP lawsuit. However, none of the claims have been definitively proven.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: Charles Hoskinson’s Response to a Question Related to Burning of Cardano (ADA)

Hoskinson Says No to Peace

Recently, an XRP community member called for Hoskinson to apologize to Ripple and the XRP community. He countered the request by highlighting that the parties involved misinterpreted his past statements, leading to harassment, accusations of corruption, and calls for him to be imprisoned over the alleged corruption. These allegations, he stressed, lacked any basis in evidence.

From the response, his stance has not changed, and both parties are likely to continue their heated exchanges. This rivalry could also extend beyond ETH Gate if it is ever proven or disproven, as in February, Hoskinson stated that the XRP community is not ready for peace.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Timestabloid

ORIGINAL SOURCE

https://timestabloid.com/cardano-creator...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Rare Evo: A Blockchain Event

More from Timestabloid

See more
Charles Hoskinson Outlines How Cardano Could Easily Flip Bitcoin
Timestabloid
Charles Hoskinson Outlines How Cardano Could Easily Flip Bitcoin

last Saturday at 10:53 AM

·

46 views

Related News

See more

Argentina Digital Nation 2024
Rare Evo: A Blockchain Event
Argentina Digital Nation 2024

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)