Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Cardano Founder Hoskinson: Ethereum Will Overtake Bitcoin

Cardano Founder Hoskinson: Ethereum Will Overtake Bitcoin

Cardano founder, and formerly Ethereum Co-Counder, Charles Hoskinson has predicted a quick victory for Ethereum over Bitcoin.

Charles Hoskinson recently shared his views on cryptocurrencies and why he believes Ethereum is poised to overtake bitcoin in the coming future. He started by talking about the speed of bitcoin transactions. Pointing to the sluggishness of the network and how slow it is in comparison to other proof of stake networks.

Focusing on ethereum in particular, he said that the coin outperformed bitcoin in so many ways.

Ethereum’s Superiority Over Bitcoin

Ethereum has been gaining popularity over the years as digital currencies become more popular. It is the second most popular coin behind bitcoin currently. With lots of investors throwing their hats in the ring with ETH, believing that the coin is bound for bigger success than its big brother bitcoin. And Hoskinson seems to be a part of this movement.

One of the reasons Hoskinson said that ethereum was better than bitcoin was the flexibility of the development culture associated with it. A good depth evolution was one of the advantages he referred to amongst others.

Any faults found in the ethereum network are fixable. There are no issues that are locked into the network. This is what makes development in the blockchain so flexible.

An example of this is Ethereum 2.0. A development that has been in the pipeline for a while now. It is meant to replace the current network. And in doing so, solve the bottlenecks that come with using the network. Making it cheaper to send coins even in high traffic times.

The upgrade is also going to help with scalability and security. Making the whole network much more secure for users.

This is being developed by teams across the entire ethereum ecosystem.

The Worst Enemy of Bitcoin is… Bitcoin

Hoskinson called out bitcoin for being its own worst enemy.

Cardano Founder pointed out that bitcoin is riddled with network effects. But pointed out that there was no way to change the system. This means that improvements on the network are not possible, and makes fixing the obvious flaws associated with bitcoin near impossible.

The high network fees associated with sending bitcoin have always been a debated issue in the crypto space. This was meant to be solved with lightning technology. But even with this new technology, high network fees continue to be the norm.

This is not to say that ethereum does not have the problem of high network fees during high traffic times. But compared to bitcoin, it still remains a much better alternative in a match between the two.

Cardano beats out both in this regard. The coin costing only about a penny or two to send on the network.

But with ethereum, these were not issues. Network flaws can be fixed in the network without a problem due to its development flexibility. Because of this, there are always improvements being carried out on the network. Developments are always underway to make the network better and easier to use.

The Cardano Founder went on to say that in a battle, his money was on ethereum. As against bitcoin, ethereum is always bound to come out better 9 out of 10 times.

Hoskinson clarified that the battle of cryptocurrencies is still in its early stages. There are already several blockchains struggling for a major share in the blockchain market.

Ethereum and bitcoin lead the race in the battle. But Hoskinson noted that despite this, Cardano is still a serious competitor to all the other blockchains in the space.

Source: Cardano Founder Hoskinson: Ethereum Will Overtake Bitcoin – Fintechs.fi

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
House Republicans Move to Defund OECD Over Global Tax Dispute
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
Intel Reports Revenue Beats but Sees 81% Rise in Losses
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
CEO Resigns Amid Controversy Over Relationship with HR Executive
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
Tulsi Gabbard Unveils Evidence Alleging Political Manipulation of Intelligence During Trump Administration
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Trump Announces Coca-Cola to Shift to Cane Sugar in U.S. Production
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Air India Pilot’s Mental Health Records Under Scrutiny
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
Moonshot AI Unveils Kimi K2: A New Open-Source AI Model
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
EU Delays Retaliatory Tariffs Amid New U.S. Threats on Imports
Trump Proposes Supplying Arms to Ukraine Through NATO Allies
US Opens First Rare Earth Mine in Over 70 Years in Wyoming
Bitcoin Reaches New Milestone of $116,000
Severe Heatwave Claims 2,300 Lives Across Europe
Declining Beer Consumption Signals Cultural Shift in Germany
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
×