CandleFocus Cardano Creator Shuts Down Ethereum Feud: 'Grow Up and Move On'
2024-09-13
Author: Content Editor
The content discusses the story of Charles Hoskinson's departure from Ethereum and the reasons behind it. Hoskinson was one of the original cofounders of Ethereum but left to found Cardano due to disagreements with other cofounders, particularly over the project's direction and governance. Hoskinson wanted to turn Ethereum into a for-profit company attracting venture capital, while the Ethereum development team, led by Vitalik Buterin, wanted a fully decentralized nonprofit organization. The differences ultimately led to Hoskinson's departure, with Buterin declaring Ethereum a nonprofit. The author of a recent thread on the topic referred to this as the "Red Wedding." In response to the thread, Hoskinson advised the author to move on, stating that the story has been discussed in numerous interviews over the past decade.
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