Currently, there are more than 5,000 crypto projects in different digital currencies, each of which seeks to highlight its capabilities and the added value it provides.

Recently, Mr. Charles Hoskinson told the founder of Cardano that Bitcoin, which is the first cryptocurrency, is incapable of innovation and creativity and is an ineffective platform in this regard.

Hoskinson, who is the CEO of IOHK, made the statement in response to a series of tweets started by crypto enthusiast Andrea Potter who said that Ethereum would have been better if it had been developed on the Bitcoin blockchain.

He told Potter that Ethereum co-founder Vitalik Buterin was not a good programmer.

Read:Cardano wallets (ADA) rise to record more than 3 million wallets…Details here

Potter added that Buterin should have built his blockchain project on the Bitcoin blockchain.

Potter further explained that Bitcoin is like an angel among blockchain networks because it has pure and honest goals with no intention of stealing from anyone.

He mentioned that other coins such as ETH, ADA and XRP were developed with a different intention of enriching the developers and founders behind them.

In his response, Cardano’s chief explained that the development of Ethereum on the blockchain was impossible at the time of the development of Ethereum, as some companies such as “rootstock” have been working on a similar project on Bitcoin for more than five years without a tangible result.

Hoskinson emphasized that Bitcoin is not suitable for invention and creativity, noting that it is an ineffective platform for innovation, and that the Bitcoin network was not developed for change.

Within the same Twitter thread, Blockstream CEO Adam Buck stated that the Cardano Blockchain is a Ponzi scheme, and Cardano was compared to the Bitconnect scam project.

Not only did Adam Buck describe the Cardano project as a fraud, but he also described Ripple, Stellar, Ethereum, and EOS as all fraudulent projects.

Read:One of the biggest soccer clubs in Mexico is adopting bitcoin as a payment method

While taking a contrary view, Quantstamp CEO Richard Ma recently stated that Cardano will soon become the second largest DeFi platform before Tezos, and will follow Ethereum.

Ma reinforced his statement by saying that the Cardano project’s codes are among the best in the crypto space.

He added that there are clear advantages offered by the Cardano network that make it superior to competitors in the blockchain industry, and also highlighted that the Cardano network has made many internal efforts to enable it to implement projects that would be similar to Ethereum 2.0 in terms of quality.

Read also:

Practical examples of how to use blockchain technology in insurance, banking and travel

Bitcoin weekly analysis and the important resistance to complete the bullish trend