Charles Hoskinson Defends Cardano’s Progress Amid Community Criticism

Charles Hoskinson, the founder of Cardano, has voiced his frustrations toward the crypto community, which he believes stems from negative sentiments about the Cardano project. In a candid statement on his X account, Hoskinson expressed his thoughts directly, without much regard for euphemism. He emphasized that these frustrations are not due to Cardano’s failure but rather a result of certain challenges, including the start of the Voltaire era.

Hoskinson elaborated, explaining that some crucial partnerships have not yet materialized, growth plans remain unfunded, and several years of suppressed frustration persist because Cardano has not scaled quickly enough to meet the ecosystem’s demands.

One of the challenges facing Cardano Native Assets (CNA), according to Hoskinson, is the lack of backing from stablecoins. He attributed this to the fact that Cardano operates with transparent and public strategies—unlike other projects that, in his view, use opaque, short-term tactics.

However, Hoskinson acknowledged the need for improvement within the Cardano ecosystem, especially with regard to CNAs, and committed to doing his part. He also mentioned that those involved in the Cardano governance system will play their roles, noting that the issues with CNAs are similar to those facing stablecoins.

Hoskinson has not always been in the spotlight for the right reasons. For example, his departure from Ethereum and subsequent criticism of the project left many in the crypto community disgruntled. This backlash intensified because he had co-founded Ethereum, and his harsh remarks about it were seen by some as unjustified. Another reason Cardano has faced criticism is its methodical, research-driven approach, which contrasts with the fast-paced strategies typically favored in the cryptocurrency world. This slow, deliberate process has not sat well with some investors, and Hoskinson’s public critiques of Ethereum have further strained relations with supporters of the second-largest cryptocurrency.

Despite the criticism, Hoskinson remains confident, asserting that the Cardano token is far from extinction and will continue to thrive.