Hoskinson Stokes Bitcoin-Cardano Rivalry: “Chang Dwarfs BTC”

• Bitcoin advocates slam Charles Hoskinson for saying Cardano dwarfs Bitcoin.
• Hoskinson made the statement after Cardano’s Change Hard Fork upgrade.
• Supporters claim Bitcoin’s focus is on simplicity and network security.

Cardano founder Charles Hoskinson has received a backlash from the Bitcoin community over his recent comments, which many Bitcoin supporters consider degrading. Hoskinson claimed Cardano surpassed Bitcoin following the former’s recently achieved milestone, a comment that many Bitcoin supporters did not appreciate.

Cardano completed the initial phase of its Chang Hard Fork on September 1, signaling a new era of decentralized governance on the network. Following the upgrade, Hoskinson commended the Cardano community for the achievement, describing the achievement as one of the greatest technical achievements in history and noting that it “dwarfs Bitcoin.”

This comparison to Bitcoin did not sit well with many supporters of the leading cryptocurrency, who expressed their disappointment with Hoskinson’s statement. It’s important to note that Hoskinson’s critique of Bitcoin included assertions that its network is too slow and outdated compared to other blockchains.

Hoskinson argued that Bitcoin’s consensus model is inefficient and unsustainable. He also pointed to Bitcoin’s lack of programmability and its perceived inability to evolve quickly as significant drawbacks, especially considering the rapid growth and change in the crypto market. He claimed competing blockchain projects like Cardano are more future-proof because of their ability to adapt and scale more effectively.

Bitcoin advocates pushed back against Hoskinson’s comments, defending BTC’s position as the original and most decentralized cryptocurrency. They highlighted Bitcoin’s simplicity and focus on security as its strengths, not weaknesses. According to them, Bitcoin is designed to be digital gold, a store of value resistant to censorship and centralized control.

Many Bitcoin supporters argued that BTC doesn’t need to chase the latest tech trends to remain relevant. They see the blockchain’s stability and security as the primary reasons it has maintained its dominance in the crypto world. Some even viewed Hoskinson’s remarks as an attempt to promote Cardano rather than offer constructive criticism of Bitcoin.

Meanwhile, Cardano supporters celebrated the new upgrade and commended Hoskinson for his resilience in the face of criticism from rival communities. One supporter believes the Cardano founder is making significant strides in revolutionizing the blockchain sector and pushing it toward its true potential.