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Cardano Founder: Ethereum Classic is a Dead Project

ByLouis Adams

Sep 7, 2022 #Ether
Reading time: < 1 minute

Cardano founder Charles Hoskinson has criticized Ethereum Classic. In particular, he has said that the project has not lived up to its potential.

During a discussion of the prospects for mining cryptocurrencies using GPUs after the transition of Ethereum to the Proof-of-Stake (PoS) algorithm, a user recalled that Hoskinson proposed introducing a 20% “tax” on Ethereum Classic miners.

In response, he said we are talking about a fund for the sustainable development of the network. The commentators added these funds are managed in a decentralized manner by the community.

Hoskinson has said:

“ETC still makes me sad about what it could have become. This is a dead project that has no purpose or really strong arguments to exist, except out of spite.”