Ethereum Classic: cryptocurrency doomed to disappear?

Ethereum Classic: cryptocurrency doomed to disappear?

Only a few days left before the arrival of The Merge of Ethereum (ETH)! However, opinions are very divided on this long-awaited upgrade. For his part, Charles Hoskinson (founder of Cardano) claims that Ethereum Classic is a dead and aimless project. A response to allegations that he exploited ETC miners.

Cardano Founder Charles Hoskinson Calls ETC ‘Dead Project’

A quarrel that does not date from today

This is not the first time Hoskinson has reacted when his name or the Cardano project is mentioned. Recently accused of trying to take advantage of Ethereum Classic miners on Twitter, you do not hesitate to criticize this blockchain platform.

According to the founder of Cardano: “Ethereum Classic is a dead project without any purpose or convincing argument other than grudge”. In response to the charges, he also clarified that the 20% tax did not apply to minors in any way. Rather, it would be a sustainability fund that would allow Ethereum Classic to reach its full potential. Hoskinson even goes so far as to say that ETC has seriously deviated from its main purpose.

As a reminder, Charles Hoskinson was a strong supporter of Ethereum Classic. In 2021, he joined the board of Ethereum Classic Cooperative. Hoskinson is even among the co-founders of Ethereum. In 2014, he left the project due to disagreements. On September 23, 2017, it officially launched the Cardano open source blockchain (ADA).

Is the Ethereum Classic chain really doomed?

According to the data, Ethereum Classic reached its highest hash rate this week (at 48.82 terra hashes per second). It is currently trading at $41.

For his part, Vitalik Buterin (CEO of Ethereum) suggests that Ethereum miners will be able to migrate to ETC when The Merge is launched. However, cryptocurrency players are skeptical about the feasibility of such an operation. The thing is, bringing The Merge ETH online will definitely cause a hard fork throughout the entire Ethereum network.

“Ethereum Classic is a dead project”… The opinions of the leaders of the crypto market are still very different at this point. Free statement by Charles Hoskinson or food for thought? The future will tell!

Get a summary of the news in the world of cryptocurrencies by subscribing to our new service newsletter daily and weekly so you don’t miss any of the essential Cointribune!


My name is Ariela and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago. But it’s a universe I’m very interested in. And the topics covered in the platform give me the opportunity to learn more. A singer in my spare time, I also have a great passion for music and reading (and animals!

Bitcoin themed wedding in Lebanon

Bitcoin themed wedding in Lebanon

salvador bitcoin

The first Bitcoin anniversary in El Salvador