From Ethereum Rebel to Cardano King: Charles and V's Jianghu Grudge

In the crypto world, I have never seen a legendary figure like Charles Hoskinson. This guy is simply the "defector" of the blockchain world—transforming from a core member of the Ethereum founding team to the founder of Cardano, which stands in stark contrast to Ethereum. His feud with Vitalik (commonly known as V God) is comparable to a blockchain power struggle spanning over a decade, stirring up countless changes and upheavals in the crypto world!

From Allies to Being Kicked Out: The Forced Path to Independence

Charles was a math boy in his early years. When that kid Vitalik Buterin (only 19 years old!) published the Ethereum white paper in 2013, Charles sensed the opportunity and immediately jumped on this blockchain "Noah's Ark." During the early days of Ethereum, he traveled around Europe and the United States with his team to raise funds, leveraging his business acumen to secure over 18 million dollars in financing for Ethereum.

Unfortunately, the good times didn't last long! Charles wanted to turn Ethereum into a commercial company, bringing in venture capital to make big profits, while Vitalik Buterin insisted on taking the non-profit "idealistic" route. The gap between the two men's philosophies grew wider and wider, and in the end, this group of idealistic partners actually kicked Charles out! That's right, he was "fired"! If I were Charles, I would be so angry that my teeth would itch...

Building Your Own "Blockchain Empire": The Rise of Cardano

After being kicked out of Ethereum, Charles did not bow his head in defeat, but instead said, "Since you don't listen to me, I'll do it myself." In 2015, he founded IOHK and launched the Cardano project, even naming it with such an academic flair—named after a 19th-century mathematician, implying that he aims to create a blockchain system that has undergone rigorous academic validation.

Charles has a real knack—he criticized Ethereum for its hasty development and lack of academic rigor, while Cardano took a different path: the Ouroboros PoS consensus mechanism became the first peer-reviewed PoS algorithm. In 2017, the ADA token raised $60 million, which was even more than what he raised on Ethereum that year! Today, Charles's net worth has surpassed $1 billion, and it seems that being kicked out of Ethereum back then turned out to be his turning point.

Open and covert struggles: Charles and V's "ex" confronting each other

The entanglement between these two is simply the most exciting "love-hate relationship" in the crypto world. Charles can't help but mock Vitalik Buterin, saying in 2020 that Vitalik didn't want to "discuss properly" the technology of Cardano; in 2023, he directly ridiculed Ethereum for "copying" Cardano's proposal.

The most extreme statement was in 2024, when Charles directly referred to Ethereum's governance as "a single vegetable," overly relying on Vitalik Buterin alone. Moreover, the two are fundamentally opposed in their political stances—Charles publicly opposed a certain political figure, stating that "supporting them is supporting the enemies of crypto," while Vitalik Buterin maintained a neutral stance.

However, amidst all the mutual criticisms, one can occasionally see a hint of subtle respect. Although Charles believes that Ethereum will "decline," he still acknowledges Vitalik Buterin's contributions; and Vitalik Buterin rarely attacks Charles directly, focusing more on discussions at the technical level.

Bull Market Prospects for ADA: Has the Spring Come for the Bulls?

The current price of ADA has broken through $0.93, and the technical analysis shows a cup and handle pattern with strong bullish signals. On-chain data indicates that whale holdings are close to 30%, and long-term holders account for more than half, which are very healthy accumulation signs. If it can stabilize above $1.1 in the short term, the next challenge of reaching the $1.28 area is just around the corner.

In the long term, the average price of ADA may reach $2.46 next year, with bullish peaks possibly touching $3. More optimistic forecasts suggest that ADA could reach $10.25 by 2027! The driving forces behind this include the Hydra expansion plan, the growth of the DeFi ecosystem, and the governance upgrades brought by the Plomin hard fork.

The game between Charles and Vitalik Buterin is not only a personal feud but also a contest of two different blockchain development philosophies. Although Ethereum's market capitalization is still far ahead, Charles has proven that "rebellion" can also lead to success. Regardless of which side you favor, this story tells us that innovation in the crypto world often emerges from conflict and divergence.