Ethereum Co-Founder Says Ethereum Classic Resembles the Early Days of Bitcoin

via IOHK / YouTube

Charles Hoskinson, the creator of Cardano (ADA), co-founder of Ethereum (ETH) and CEO of IOHK, shared his take on the current state of affairs in the crypto industry during the 2018 Ethereum Classic Summit held in Seoul, South Korea last week.

In his presentation, titled “The Road Ahead,” Hoskinson highlighted his optimism regarding the future outlook of Ethereum Classic (ETC), the blockchain project that Ethereum forked from in 2016.

Hoskinson notes that Ethereum Classic very much resembles the early days of Bitcoin, in that the project is led by a small number of individuals, enabling nimble growth and more efficient governance. This is in stark contrast to the current development ecosystems for both Bitcoin and Ethereum, which are commonly bogged down by disagreements and slow tech development.

“And the great value for the Ethereum Classic community for the road ahead is that we now have to pursue a completely different roadmap from where Ethereum is eventually going to go. It is sure going to be a fight ahead but we have to be our own guide,” Hoskinson said regarding his participation in the ecosystem via the independent company IOHK, which is currently leading the development of Cardano.

Ethereum Classic went mainstream this past summer after exchange giant, Coinbase, added ETC as a tradeable asset across its platforms and included it in its index fund.

ETC currently has a market cap of $1.16 billion, making it the 12th largest cryptocurrency in the AltDex 100 Index (ALT100).

More: IOHK | Ethereum Classic Summit in Seoul 2018 РCharles Hoskinson
Similar: Blockchain Showdown: NEO Set to Debate Ethereum This Week

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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